● EU Financial Stability Regulator ESRB: New regulations may be needed to address DeFi-related risks
The European Union’s financial stability watchdog said new regulations may be needed to cover large crypto conglomerates and smart contracts because the growing digital asset and DeFi sectors could pose systemic risks to the economy. (CoinDesk)
● CFTC defines BTC, ETH and USDC as “commodities”
The U.S. Commodity Futures Trading Commission (CFTC) has filed a cryptocurrency fraud lawsuit against a company called Icomtech and its five executives. It is worth noting that in the complaint, the regulator defines Bitcoin, Ethereum and USDC as "commodities." (Todayq)
● South Korea’s National Assembly passed two bills requiring lawmakers and senior public officials to register virtual assets
The plenary session of the National Assembly of South Korea passed two bills, the "Amendment to the National Assembly Law" and the "Amendment to the Public Officials Ethics Law", which will require legislators and senior public officials to register virtual assets. (News1)
● Hong Kong Securities and Futures Commission updates guidelines on combating money laundering and terrorist financing, and mentions virtual assets in FAQ
The Hong Kong Securities and Futures Commission has updated its guidelines on combating money laundering and terrorist financing. Two FAQs mentioned virtual assets, reminding financial institutions to pay attention to compliance when transferring virtual assets. The relevant guidelines will take effect on January 1, 2024. (Planet Daily)
● OpenAI CEO: If the company has difficulty complying with the EU's new AI regulations, it may consider withdrawing from the European market
OpenAI CEO Sam Altman said that if OpenAI has difficulty complying with the EU's upcoming new AI regulations, it may consider withdrawing from the European market. Before that, OpenAI will strive to comply with EU regulations. (Reuters)
● Report: Bitcoin's 7-day average transaction volume has dropped to a two-and-a-half-year low
K33 said in a research report on Tuesday that Bitcoin and the broader digital asset market have been in a relatively quiet consolidation state for some time, which is most clearly reflected in Bitcoin's 7-day average trading volume, which has fallen to its lowest level in two and a half years. (Blockworks)
● BNB Chain is expected to conduct the “Luban” hard fork upgrade on June 12, which will include BEP-126, BEP-174 and BEP-221
BNB Chain is expected to upgrade the network at block height 29020050, which is expected to be reached at 5:30 am Eastern Time on June 12. The Luban hard fork includes three proposals: BEP-126, BEP-174 and BEP-221, aiming to create a faster and more secure network for users. (CoinDesk)
