Category: Rules
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CBK fines 12 banks for breach of lending, investment rules
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Kenya’s central bank fined 12 commercial banks last year for breaching rules on lending, capital adequacy and investment, new disclosures show. While the Central Bank did not disclose the affected institutions and the size of the fines, it said that “the Central Bank took appropriate corrective measures regarding the concerned…
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No Bail For Tornado Cash Dev Alexey Pertsev, Dutch Court Rules
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The ongoing legal dispute over the Tornado Cash cryptocurrency mixer has put the blockchain sector on alert as developers consider the troubling consequences of assigning programmers responsibility for the use of their software by others. Pertsev’s Dilemma At the center of the storm is Alexei Pertsev, a 31-year-old Russian developer…
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US court temporarily puts net neutrality rules reinstatement on hold By Reuters
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By David Shepardson WASHINGTON (Reuters) – A U.S. appeals court said on Friday it has temporarily halted the Federal Communications Commission’s reinstatement of landmark net neutrality rules until Aug. 5 while it considers legal challenges from the broadband industry. The Federal Communications Commission voted in April along party lines to…
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Nigerian Crypto Boom Resurrected? SEC Embraces Innovation With New Rules
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Nigeria’s previously frosty relationship with cryptocurrencies appears to be entering a phase of cautious thawing. Imomotimi AgamaDirector-General of the Nigerian Securities and Exchange Commission (SEC), recently made comments indicating a move away from the government’s hardline stance against digital assets. This comes after months of regulatory struggle that has seen…
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Nigerian Crypto Boom Resurrected? SEC Embraces Innovation With New Rules
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Nigeria’s previously frosty relationship with cryptocurrencies appears to be entering a phase of cautious thawing. Imomotimi AgamaDirector-General of the Nigerian Securities and Exchange Commission (SEC), recently made comments indicating a move away from the government’s hardline stance against digital assets. This comes after months of regulatory struggle that has seen…
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Binance must face bulk of US SEC crypto lawsuit, judge rules By Reuters
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(Reuters) – A federal judge ruled late on Friday that the majority of a lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against Binance, the world’s largest cryptocurrency exchange, can proceed. The decision by Judge Amy Berman Jackson of the US District Court for the District of Columbia…
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US Treasury finalizes new crypto tax reporting rules By Reuters
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Written by Hannah Lange (Reuters) – The U.S. Treasury Department finalized a rule on Friday that would require cryptocurrency brokers, including exchanges and payment processors, to report new information about user sales and exchanges of digital assets to the Internal Revenue Service. The new requirements are aimed at cracking down…
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S.Korea battery maker apologises for deadly fire but says it complied with safety rules By Reuters
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Written by Hyunsoo Yim, Dojeon Kim, and Daewong Kim HWASEONG, South Korea (Reuters) – The CEO of a South Korean lithium battery maker apologized on Tuesday after a massive factory fire killed 23 workers, but said the company had adhered to all required safety precautions and training. The fire, which…
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Nigeria gives VASPs 30-day ultimatum to comply with new rules
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Nigerian regulators are mandating that Virtual Asset Service Providers (VASPs) update their applications within 30 days to comply with new rules on digital asset issuance, platform offering, exchange and custody. Nigeria updates crypto regulations The Nigerian Securities and Exchange Commission (SEC) has announced plans to formally update regulations for important…
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Nigeria gives VASPs 30-day ultimatum to comply with new rules
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Nigerian regulators are mandating that Virtual Asset Service Providers (VASPs) update their applications within 30 days to comply with new rules on digital asset issuance, platform offering, exchange and custody. Nigeria updates crypto regulations The Nigerian Securities and Exchange Commission (SEC) has announced plans to formally update regulations for important…
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Tennis-Clay queen Swiatek rules again at Roland Garros By Reuters
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By Shrivathsa Sridhar PARIS (Reuters) – Iga Swiatek produced a powerful display to crush 12th seed Jasmine Paolini on Saturday and win her third consecutive French Open title and the fifth Grand Slam title of her career. Swiatek’s 6-2, 6-1 win, her 21st straight win at her happiest hunting ground,…
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Mark Carney Rules Out Role in Future Labour Government
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Former Bank of England Governor Mark Carney has categorically ruled out any role in a future Labor government. When asked about the possibility of an official position or whether he had received any offers, Carney laughed and replied: “My time in officialdom in the UK is over.” Carney, who led…
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New York AG Letitia James warns crypto: ‘Play by the rules’
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New York Attorney General Letitia James warned the cryptocurrency industry against “playing by the same rules as everyone else.” In a May 25 post on her official X account, James stated: “We will go after those who don’t.” see below. History of enforcement James has been in office since 2018…
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New York AG Letitia James warns crypto: ‘Play by the rules’
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New York Attorney General Letitia James warned the cryptocurrency industry against “playing by the same rules as everyone else.” In a May 25 post on her official X account, James stated: “We will go after those who don’t.” see below. History of enforcement James has been in office since 2018…
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Court rules DPP attempt to withdraw GDC case unsound
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A Nairobi court has ruled that the decision by the Director of Public Prosecutions (DPP) Renson Ingunga to withdraw graft charges against former officials of the Geothermal Development Corporation (GDC) was not in the public interest. While rejecting the application to withdraw the charges against Mr. Nicholas Karume Wike, Peter…
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‘Green blitz’: As election nears, Biden pushes slew of rules on environment, other priorities
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Breadcrumb Trail Links PMN Business Author of the article: The Associated Press Matthew Daly Published May 24, 2024 • 7 minute read You can save this article by registering for free here. Or sign-in if you have an account. Article content WASHINGTON (AP) — As he tries to secure his…
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Appeals court rules in favor of LKQ in patent dispute with GM (NASDAQ:LKQ)
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A federal appeals court overturned a previous court decision that ruled in favor of General Motors (New York Stock Exchange: General Motors(in its patent dispute with LKQ)Nasdaq:LKQ), and recommending that the case be returned to the US Patent Office For further review. The case arose when General Motors (GM) sued…
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US dollar dips vs yen after Fed’s Waller rules out rate hikes again By Reuters
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By Gertrude Chavez-Dreyfus and Stefano Ribaudo NEW YORK/MILAN (Reuters) – The U.S. dollar fell against the yen on Tuesday in a volatile session after Federal Reserve Governor Christopher Waller reiterated that raising interest rates is unlikely at this stage because inflation appears to be on track to meet the central…
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Craig Wright Lied and Forged Documents: Judge Rules
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A British judge has ruled that Craig Wright, who claimed to be Satoshi Nakamoto, the creator of Bitcoin, lied extensively and forged documents during a high-profile trial. In a scathing ruling of 231 pagesJudge James Mellor stated that Wright “repeatedly lied to the court” and committed fraud “on a massive…
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Craig Wright Lied and Forged Documents: Judge Rules
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A British judge has ruled that Craig Wright, who claimed to be Satoshi Nakamoto, the creator of Bitcoin, lied extensively and forged documents during a high-profile trial. In a scathing ruling of 231 pagesJudge James Mellor stated that Wright “repeatedly lied to the court” and committed fraud “on a massive…