DFPI claims that Maxpread Technologies allegedly used an AI-generated avatar called"Michael Vanes" to pretend to be its CEO and promote its products through YouTube advertisements.Â
MiCA law allows crypto exchanges and digital-wallet companies to offer regulated services across the bloc and requires stablecoin issuers to hold sufficient reserves
The license, a Class F License under the Digital Asset Business Act from the Bermuda Monetary Authority, will enable Coinbase to operate as a digital asset exchange and as a digital asset derivatives exchange provider.
The enforcement division of the SEC is likely to recommend legal action against Bittrex for operating as an exchange, broker-dealer, and clearinghouse without registering with SEC