Flash News

TREE NEWS reports: Crypto exchange Luno has obtained a Class F Digital Asset Business License from the Bermuda Monetary Authority, enabling it to operate under a comprehensive regulatory framework. This milestone reflects the exchange’s commitment to compliance and expands its global footprint in a well-regulated jurisdiction.

TREE NEWS update: Russia’s largest bank estimates that regulated crypto exchanges could see over $46 billion in trading volume in the first year after legalization. The report suggests significant adoption of crypto trading through regulated platforms in Russia.

TREE NEWS update: Ireland has introduced a new tax-advantaged investment account that explicitly excludes cryptocurrencies from eligible assets. The move signals continued regulatory caution towards digital assets in the country’s retail investment landscape.

TREE NEWS update: Ireland has introduced a new savings scheme that excludes crypto assets, aiming to mobilize up to $203 billion in deposits. The move reflects a cautious stance toward digital assets within traditional financial frameworks.

TREE NEWS reports: An arbitration panel ruled that Gemini is not liable for the collapse of its Earn lending program, a significant legal victory for the crypto exchange. The decision could impact similar cases involving crypto lending platforms and their obligations to users.

TREE NEWS reports: Ireland has excluded crypto assets from its new tax-advantaged state savings scheme, which targets €203 billion in deposits. The scheme, opening next year, will only include shares, bonds, funds, ETFs, and insurance products, signaling a cautious regulatory stance toward digital assets.

TREE NEWS update: The EU has classified ChatGPT as a very large online search engine and Reddit and Roblox as very large online platforms under the Digital Services Act. This designation subjects them to stricter obligations regarding content moderation, transparency, and risk management.

TREE NEWS update: Polymarket’s head of intelligence says the platform is prepared to handle potential rule violations during the midterm elections. This comes as prediction markets gain attention for political event trading.

TREE NEWS reports: Kalshi has reportedly signed an exclusive deal with the USTA to be the official prediction market partner of the US Open, blocking rival platforms from advertising at the venue and on ESPN. The agreement was finalized days before the main draw, marking a significant mainstream sports partnership for the prediction market platform.

TREE NEWS update: The US government is selling Anthropic shares owned by two key allies of Sam Bankman-Fried, potentially worth billions of dollars. This move follows the conviction of SBF and aims to recover assets linked to the FTX fraud.

TREE NEWS update: South Korea’s National Tax Service (NTS) plans to deploy a commercial tracking program to address tax evasion on virtual assets held in personal wallets. The move aims to close loopholes in the taxation of cryptocurrency gains, ensuring better compliance.

TREE NEWS update: Russia’s largest bank forecasts that crypto trading volume could reach $46 billion in the first year under new regulations. This prediction highlights the potential growth of the crypto market in Russia following regulatory clarity.

TREE NEWS update: Bank of England Governor Andrew Bailey warned that AI could pose systemic risks to the financial system, potentially triggering a financial crisis. He emphasized the need for robust regulatory oversight to mitigate these risks.

TREE NEWS reports: Russia’s compliant cryptocurrency trading is projected to reach $46.43 billion in its first year, according to a report. This marks a significant step as the country formalizes its crypto market, potentially impacting global digital asset flows.

TREE NEWS reports: Lu Lei, Deputy Governor of the People’s Bank of China, emphasized that the liability boundaries for intelligent agent payments cannot be blurred and announced plans to release a self-regulatory convention. This move aims to clarify responsibilities in AI-driven financial transactions, ensuring consumer protection and market stability.

TREE NEWS reports: Sony Music and Warner Music have filed a lawsuit against AI company Anthropic, alleging that it used copyrighted music to train its Claude model without permission. The case highlights the growing tension between the music industry and AI developers over intellectual property.