# License Articoli collegati

Russia Proposes Legislation To Criminalize Unlicensed Crypto Operations

Russia has introduced a bill to criminalize unlicensed cryptocurrency operations, proposing prison terms of up to four years for individuals and up to seven years for organized groups. The legislation would require all digital asset services to register with or obtain a license from the central bank. This follows earlier regulations restricting retail crypto purchases to ₽300,000 annually per broker and banning banks from processing payments to unlicensed foreign platforms. The Supreme Court has raised concerns over the lack of justification for criminal penalties in the current draft.

bitcoinist04/19 04:01

Behind the MiniMax 'Pseudo-Open Source' Controversy: Has Yan Junjie's Ideal Succumbed to Capital Anxiety?

The article discusses the controversy surrounding MiniMax's "pseudo-open-source" release of its flagship M2.7 model. Initially presented as open-source, the model was later released under a "Modified-MIT" license that restricts commercial use without written permission, sparking backlash from the developer community. This move is seen as a departure from true open-source principles and reflects the tension between technological idealism and commercial pressures. MiniMax, which recently went public, faces significant financial challenges, with substantial losses despite growing revenues. The company’s decision to limit commercial use is interpreted as an effort to protect its revenue streams and control how its models are deployed, especially after instances of third-party misuse affected its reputation. The incident highlights a broader industry trend where "open-weight" models are increasingly distinguished from fully open-source ones, raising concerns about trust and legal certainty for developers and enterprises. The author concludes that MiniMax’s shift represents a pragmatic, if controversial, business strategy aimed at ensuring profitability, even at the cost of community trust.

marsbit04/16 11:01

Hong Kong Stablecoin Licensing Delayed as HKMA Holds Back Approvals

The Hong Kong Monetary Authority (HKMA) has delayed the issuance of HKD stablecoin licenses, missing its previously announced March deadline. Despite initial commitments from officials, including Financial Secretary Paul Chan, no approvals have been granted as the HKMA continues its review process. This delay has created uncertainty regarding the pace of regulatory implementation in Hong Kong’s financial system. Institutions such as HSBC and a Standard Chartered-Animoca Brands joint venture are reportedly among the front-runners for licenses, owing to their integration with the existing monetary framework. HKMA Chief Executive Eddie Yue drew parallels between stablecoins and historical forms of private money, emphasizing their role in digital finance. The postponement reflects broader challenges in transitioning from regulatory planning to real-world execution in digital asset ecosystems. Analysts suggest the cautious approach aims to ensure systemic stability and compliance. The absence of a new timeline indicates a focus on thorough evaluation rather than rushed implementation, with significant implications for Hong Kong’s position in global digital finance.

TheNewsCrypto04/01 07:33

Cursor's "Shelling" Kimi Controversy Reverses: From Infringement Allegations to Authorized Cooperation, China's Open-Source Models Once Again Become the Global AI Foundation

On March 20, AI programming tool Cursor (parent company Anysphere, valued at $29.3 billion) released its self-developed model Composer 2, claiming performance improvements through continued pre-training and reinforcement learning, without disclosing the base model source. Shortly after, a captured API request revealed the model ID as "kimi-k2p5-rl-0317-s515-fast," suggesting it was built on Kimi K2.5. Moonshot AI’s pre-training lead Du Yulun initially accused Cursor of violating Kimi’s modified MIT license, which requires commercial products exceeding certain revenue or user thresholds to credit Kimi model usage. The controversy gained traction with Elon Musk’s public comment. However, the situation reversed when Moonshot AI officially congratulated Cursor, clarifying that the usage was authorized through Fireworks AI’s commercial platform. Cursor’s co-founder Aman Sanger and VP Lee Robinson later explained that Kimi K2.5 was selected as the strongest base model after evaluation, and Composer 2 involved significant additional training by Cursor. They admitted failure to credit Kimi initially was a mistake. This incident highlights the growing influence of Chinese open-source models in the global AI ecosystem, as noted by Hugging Face’s CEO. It also serves as indirect validation for Moonshot AI, which is currently raising funds at a $18 billion valuation, suggesting its technology may be even more valuable than estimated.

marsbit03/21 01:52

Traditional Casinos Unite to Sue Polymarket: Argentina's Nationwide Ban Implemented

Author: Tim Alper Compiled by: Shenchao TechFlow A court in Buenos Aires has issued a nationwide ban against the crypto-based prediction market platform Polymarket, following joint legal complaints from Argentina’s traditional gambling industry and casino associations. The plaintiffs argued that Polymarket was operating an unlicensed gambling platform, allowing users—including minors—to place wagers without age or identity verification. Prosecutors supported the claims, stating that the platform functioned as a "clandestine online betting system" and permitted betting via cryptocurrency and credit cards without proper authorization. The ban comes amid broader regulatory scrutiny in Argentina, where lawmakers are also considering a bill to prohibit the use of cryptocurrencies and credit cards in online gambling entirely. This case mirrors similar legal challenges Polymarket has faced in other countries, including France and Romania, as well as regulatory pushback in the United States. Despite the ban, Polymarket continues to offer odds on Argentina-related events, including the potential dollarization of the economy and political outcomes.

marsbit03/18 04:08

Australian Senate Committee Backs Major Crypto Regulation Bill

An Australian Senate committee has endorsed a significant crypto regulatory bill, the Corporations Amendment Bill 2025, which mandates that digital asset platforms obtain an Australian Financial Services Licence. The bill aims to enhance consumer protection by regulating intermediaries that hold customer assets or facilitate trading, rather than the underlying blockchain technology. It introduces clear definitions for digital tokens and applies existing financial services laws to crypto platforms, including rules for asset custody, transaction execution, and disclosure. The legislation, widely supported by industry groups, is part of Australia's broader effort to establish a comprehensive, technology-neutral regulatory framework aligned with international standards.

TheNewsCrypto03/16 11:22

Ripple Plans BC Payments Acquisition to Expand in Australia

TheNewsCrypto03/11 05:58

Weekly Preview | California Opens Digital Asset License Application Channel; Aptos (APT) to Unlock Tokens Worth Approximately $10.5 Million

This week in crypto and finance features significant regulatory developments, economic data releases, and key token unlocks. California's Digital Financial Assets Law (DFAL) licensing application portal opens on March 9, requiring crypto service providers to comply by July 1, 2026. The UK's Treasury Committee closes its consultation on stablecoin regulation on March 11. Major economic data includes the US releasing February's CPI and core CPI figures on March 11. In project updates, Polkadot will implement a major economic overhaul on March 12, capping DOT's total supply at 2.1 billion and introducing new staking mechanics. Several tokens have unlocks this week: Movement (MOVE) unlocks $3.4M on March 9, io.net (IO) unlocks $1.3M on March 11, Aptos (APT) unlocks $10.5M on March 13, and Starknet (STRK) and Sei (SEI) unlock $4.8M and $3.6M respectively on March 15. Other events include a财报电话会 for Sharplink, Ethereum Day in Hong Kong focusing on AI and DeFi, and Neutron deploying a bug fix on March 9.

marsbit03/08 12:01

KuCoin Blocked In UAE As Authorities Mandate Immediate Service Stop

KuCoin has been ordered to halt operations in Dubai by the Virtual Assets Regulatory Authority (VARA) for operating without the required license. The regulator stated that all of KuCoin's virtual asset-related activities in the emirate are in violation of local regulations. VARA warned that engaging with unlicensed platforms could expose users to financial harm and potential legal consequences. This action in the UAE coincides with increased regulatory scrutiny KuCoin faces in other regions, including recent restrictions on its European operations. However, the exchange has also secured a MiCA permit to operate across the European Union. A market expert cautioned that this serves as a warning to users holding assets on exchanges without proper local licensing.

bitcoinist03/07 15:02

Curve Finance Accuses PancakeSwap of Copying StableSwap Code

Curve Finance has publicly accused PancakeSwap of copying its proprietary StableSwap code without permission, calling it a license breach and warning of legal and technical risks. The accusation, made on March 6 via X, came in response to PancakeSwap’s March 2 announcement of launching StableSwap on its Infinity platform. Curve urged PancakeSwap to seek proper licensing and collaboration to avoid legal issues and ensure user safety. In response, PancakeSwap acknowledged the dispute and entered private talks. Curve later softened its tone, suggesting a potential “build together” partnership. The outcome may set a precedent for intellectual property in open-source DeFi, with users concerned about network security implications.

TheNewsCrypto03/07 05:55