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02:17
Barclays: The Bank of Japan may fine-tune the wording of its forward guidance
Golden Ten Data reported on June 16 that the current forward guidance wording of the Bank of Japan is: Given that real interest rates remain at significantly low levels, the central bank will continue to raise policy rates and adjust the degree of monetary easing to respond to developments in economic activity, prices, and financial conditions. Barclays economists believe that the Bank of Japan will retain its forward guidance but make minor adjustments to its wording, changing "real interest rates remain at significantly low levels" to "real interest rates remain at low levels" or "especially at the short and middle ends of the yield curve, real interest rates remain negative."
02:17
MiniMax M3 integrates with Alipay Token Pay
Golden Ten Data reported on June 16 that the latest large model from MiniMax, M3, has fully integrated with Alipay TokenPay. Users can complete in-app transactions within the Mix Claw service offered by MiniMax Agent simply by speaking through Alipay AI Pay. MiniMax is among the world’s first major model providers to incorporate Token Pay payment functionality into its core subscription systems. This also marks the large-scale implementation of China’s first MaaS (Model-as-a-Service) payment solution released by Alipay. Reportedly, MiniMax will soon be integrating all Alipay full-stack AI payment products across its entire product line.
02:16
Dubai's VARA Updates Anti-Money Laundering Guidelines, Requires Cryptocurrency Firms to Integrate Real-Time Risk Assessment against FATF Blacklist
BlockBeats News, June 16 - The Dubai Virtual Asset Regulatory Authority (VARA) recently released an updated version of its Anti-Money Laundering (AML) regulatory guidance. The guidance requires cryptocurrency businesses operating in Dubai to dynamically incorporate FATF high-risk and blacklist country data into their risk assessment models in real time, replacing the previous static compliance tracking mechanism. The new regulation mandates that companies update their risk assessments at least every three months, with immediate updates required in case of significant changes to their operational structure or product lines. Additionally, companies must conduct separate assessments for proliferation financing risk and targeted financial sanctions risk, which should not be conflated with general anti-money laundering compliance. Furthermore, companies are required to formally document the risks associated with AI-assisted operations and anonymous enhanced transaction platforms. VARA stated that compliance officers, senior management, and board members must take full responsibility for the company's remaining risk rating. The regulatory approach has shifted from post facto punishment to proactive systemic risk management.
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