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World, the proof-of-personhood protocol that seeks to validate the humanity of its participants using biometric data, is facing difficulties derived from its business model in Brazil. The project lost an appeal directed to the National Data Protection Agency (ANDP), asking for a delay of 45 days to adapt to an earlier decision to stop the cryptocurrency rewards given to users enrolling in the project. In a press release, the board of the ANDP disclose that this order could be “carried out by other means, including postponing appointments, until the adjustment to the app is made.” The decision comes after a preventive measure of the ANDP, asking the company to stop these crypto exchanges, was ignored, as the company continued to act supported by this now-denied appeal. The agency alleges that offering these crypto rewards for citizens enrolling into the World platform might interfere with the exercise of free will for the delivery of this data, more so when there is a vulnerability condition from the citizens involved in these transactions. The ANPD stressed that this consideration reinforces its “commitment to defending fundamental privacy rights and protecting personal data, ensuring that these prerogatives are respected in personal data processing activities in the country.” Tools For Humanity (TFH), the organization behind World, acknowledged this decision, declaring that it would stop its operations until further notice. TFH answered: World respects the ANPD’s decision. As the ANPD is aware, it will take time to comply with its order. To allow World to complete the changes in coordination with the ANPD and ensure compliance during this process, we are voluntarily and temporarily pausing the verification service. The company will have to present a document certifying that these operations have been indeed paused in 10 days. Read more: Brazilian Authorities Suspend Sam Altman’s World Rewards 免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到[email protected]，本平台相关工作人员将会进行核查。

Market: Some AI tokens rebound after excessive fall, ARC has risen 39.4% in the past 24 hours Market: Some AI tokens rebound after excessive fall, ARC has risen 39.4% in the past 24 hours According to Coingecko market data, some AI tokens have rebounded after a sharp drop, including: AI Rig Complex (ARC) increased by 39.4%, at $0.267; Hive AI (BUZZ) increased by 35.1%, at $0.05269; Fartcoin (FARTCOIN) increased by 34.4%, currently at $0.8187; Act I The AI Prophecy (ACT) increased by 24.4%, at $0.236; Pippin (PIPPIN) increased by 23.4%, at $0.04218.

Powell affirms the Fed is not restricting banks from providing services to crypto customers. Inflation remains elevated, leading the Fed to maintain its restrictive policy stance. Trump pushes for lower interest rates, but Powell maintains decisions will be based on economic data. Federal Reserve Chair Jerome Powell reaffirmed that financial institutions can serve cryptocurrency clients, pointing to a move toward clearer regulation. Testifying before Congress, Powell addressed concerns over “debanking,” where banks cut services to crypto firms because of compliance risks. He acknowledged reports that banks avoid crypto exposure and assured lawmakers that the Fed will review its internal policies to secure fair banking access for all sectors Fed Confirms Crypto Banking Policy Clarity When questioned by the House Financial Services Committee, Powell confirmed that the central bank does not discourage financial institutions from handling digital assets. He suggested that banks may act out of excessive caution because of strict anti-money laundering rules but stated that the Fed will reassess its approach. His comments followed a similar statement f… The post Fed Won’t Block Banks From Crypto, Powell Signals No Rush for Rate Cuts appeared first on Coin Edition.

The post Is Ripple Lawsuit Ending Today? SEC’ To Discuss ‘Settlements’ And Other Legal Matters Today appeared first on Coinpedia Fintech News The ripple effect in the XRP community is palpable as the SEC gears up for another closed-door meeting, scheduled for February 13, 2025. This marks the third consecutive weekly closed session under the Sunshine Act, and the excitement is building. Could this be the meeting where the SEC finally pulls the plug on its appeal against Ripple, leading to a significant rally? The stakes are high as XRP’s future may rest on the commission’s next steps. A withdrawal of the appeal could potentially trigger a surge, pushing XRP toward a new all-time high. At the same time, the market is awaiting greater legal clarity, as asset managers are keenly interested in XRP ETFs. Key Topics on the Agenda Institution and settlement of administrative proceedings; Institution and settlement of injunctive actions; Resolution of litigation claims; and Other matters relating to examinations and enforcement proceedings. In particular, the meeting will address the institution and settlement of injunctive actions, administrative proceedings, and the resolution of litigation claims—subjects closely tied to the ongoing SEC vs. Ripple case. Experts are speculating that an official move toward resolving the SEC vs. Ripple case could set off a massive rally within the broader crypto space. The potential end of this legal battle could also pave the way for a Ripple IPO and open up other market opportunities, possibly leading to a more favorable tax environment for XRP holders. While the immediate focus is on the SEC’s next moves, many are looking beyond the Ripple case to the broader regulatory landscape. The SEC’s establishment of a new task force to clarify crypto rules under the Trump Administration has led to optimism that clearer regulations are on the horizon.

Original source: Newsis Compiled by: KarenZ, Foresight News On February 13, South Korea held its third virtual asset committee meeting, planning to allow corporations to open real-name virtual asset accounts in phases, gradually opening up institutional participation in the virtual currency market. This policy marks South Korea's formal opening of the virtual asset market to corporate investors, reflecting changes in the South Korean virtual currency market environment and signaling a trend towards the mainstreaming of cryptocurrencies. However, at the same time, law enforcement agencies such as the prosecution and the National Tax Service have been allowed to open real-name accounts, which may transfer and sell criminal proceeds confiscated in virtual currency and collect tax arrears, potentially raising market concerns. So what directives were issued at the third virtual asset committee meeting convened by the South Korean Financial Services Commission today? The following content is compiled from Newsis. The Vice Chairman of the Financial Services Commission, Kim Joo-young (phonetic), convened the third virtual asset committee meeting and decided to advance the plan for corporations to open real-name virtual asset accounts in three phases, initially allowing law enforcement agencies, non-profit corporations, virtual asset exchanges, and other institutions that need to open accounts for "cash conversion purposes" to participate, with plans to gradually expand to professional investment corporations (for investment and financial purposes) and ordinary corporations in the future. Therefore, the Financial Services Commission has drafted a roadmap to gradually allow corporate participation in the virtual currency market without compromising user protection and market stability. Law enforcement agencies such as the prosecution, National Tax Service, Customs Service, and local governments have been allowed to open accounts since last November for the transfer and sale of virtual assets due to the confiscation of criminal proceeds and the compulsory collection of tax arrears. Non-profit corporations, such as designated donation groups, need to receive and liquidate virtual asset donations, and will be allowed to open corporate accounts in the second quarter of this year. However, due to the lack of specific standards and procedures in receiving and liquidating virtual assets, internal control standards need to be established in advance. Exchanges need to sell virtual assets (their own assets) obtained from transaction fees for operational expenses such as employee salaries and taxes, thus requiring urgent sales transactions. Given that such sales transactions may have a proprietary nature, potentially harming users by causing price declines, the South Korean government plans to establish public guidelines to limit the types and quantities of virtual assets sold. The second phase policy, which will be promoted in the second half of this year, plans to allow professional investment corporations to invest in virtual assets. According to the Capital Markets Act, professional investment corporations do not include financial companies but target listed companies and corporations registered as professional investors (about 3,500). This is to pilot transactions for investment and financial purposes, starting with trades from institutional investors with risk-bearing capacity. Due to the potential anti-money laundering risks associated with large-scale virtual asset transactions, the government will implement this after establishing relevant guidelines and monitoring measures. Additionally, since the investment capabilities of various corporations differ, the opening of accounts will undergo detailed review by banks and exchanges. The full participation of ordinary corporations will be studied as a medium to long-term plan, as it involves secondary legislation related to virtual assets and institutional adjustments such as foreign exchange tax systems. The second phase of legislation needs to include regulatory oversight of the business activities of virtual asset exchanges and a regulatory framework for stablecoins. At the same time, the Foreign Exchange Transaction Act needs to be improved to monitor cross-border virtual asset transactions. The Financial Services Commission plans to work with the government and private institutions to establish guidelines for corporate participation in virtual asset investments. Vice Chairman Kim Joo-young stated, "Regarding the second phase of virtual asset-related laws, including stablecoins, traders, and trading supervision, we will accelerate discussions within the virtual asset committee." He also added, "Regarding token securities, relevant legal amendments have been submitted, and we will actively support the National Assembly in swiftly passing the bill."