Here are the updates from the crypto world
As per reports on Cointelegraph, South Korea is expanding a ban on digital asset firms’ applications servicing its citizens. The country’s Financial Services Commission (FSC) announced on April 11, hat 14 crypto exchanges were blocked on the Apple store. Among the affected exchanges are KuCoin and MEXC.
The report was made public on April 14. It states that the banned exchanges were allegedly operating as unregistered overseas virtual asset operators.
The report also states that the Financial Information Analysis Institution (FIU) will continue to promote the blocking of the apps and internet sites of such operators to prevent money laundering and user damage.
The request to block applications on the Apple Store comes after Google Play blocked access to several unregistered exchanges on March 26. KuCoin and MEXC were also targeted during the blocking of the Google Play apps. The FSC published a list of 22 unregistered platforms operating in the country, with 17 of them already blocked on Google's marketplace.
Meta has been given a nod from the European Union’s data regulator to train its artificial intelligence models by using publicly shared content across its social media platforms.
According to Cointelegraph, Meta in a blog post on April 14, said, that posts and comments from adult users across Meta’s stable of platforms, including Facebook, Instagram, WhatsApp and Messenger, along with questions and queries to the company’s AI assistant, will now be used to improve its AI models.
The company also said it’s “important for our generative AI models to be trained on a variety of data so they can understand the incredible and diverse nuances and complexities that make up European communities.”
It further added, “That means everything from dialects and colloquialisms to hyper-local knowledge and the distinct ways different countries use humour and sarcasm on our products.”
According to Meta, people’s private messages with friends, family and public data from EU account holders under the age of 18 are still off-limits.
People can also opt out of having their data used for AI training through a form that Meta says will be sent in-app, via email and “easy to find, read, and use.”
According to Bloomberg analyst Eric Balchunas, the Spot Solana exchange-traded funds (ETFs) are set to launch in Canada on April 16.
In a post on X on April 14, the analyst shared a private client note from TD Bank, a Canadian financial institution, claiming the Ontario Securities Commission (OSC) greenlighted asset managers Purpose, Evolve, CI and 3iQ to issue ETFs holding Solana SOL$131.16.
According to Cointelegraph, Canada does not have a federal securities agency, with its territories and provinces applying their own securities laws. Toronto’s securities exchange is regulated by Ontario’s OSC.
Balchunas said the ETFs are permitted to stake a portion of the SOL holdings for added yield, adding that the upcoming listings are “our first look at the altcoin race.”
In a statement to Cointelegraph, the OSC said the approval and oversight of SOL ETFs are in accordance with a January notice outlining amending rules for publicly traded funds holding cryptocurrencies.