Regulation
Tesla's cybercab may include steering wheel amid regulations
Nicole Parks Image generated by AI
Tesla's board chair Robyn Denholm indicated that the company's upcoming Cybercab robotaxi might feature a steering wheel and pedals to comply with U.S. safety regulations. This potential change contrasts with the vehicle's original design as a fully autonomous two-seater without manual controls. Production is slated for 2026, but regulatory limits could restrict deployment without such adaptations.
Austrac fines crypto ATM operator Cryptolink in scams crackdown
Australia's financial crimes regulator AUSTRAC has fined cryptocurrency ATM operator Cryptolink $56,340 as part of efforts to combat scams and money laundering. The action highlights growing concerns over crypto ATMs, which have been linked to significant losses for victims, including elderly Australians. While new restrictions were imposed in July, advocates continue to call for an outright ban.
NHTSA contacts Tesla over Mad Max self-driving mode
The National Highway Traffic Safety Administration has reached out to Tesla for more details on its newly released 'Mad Max' mode in the Full Self-Driving system, amid ongoing probes into traffic violations. The mode, which enables higher speeds and frequent lane changes, has drawn scrutiny for potentially defying speed limits and safety laws. This development follows Tesla's revival of a feature first teased by Elon Musk in 2018.
Senate Democrats demand investigation into Trump's pardon of Binance founder
October 30, 2025 01:28Finance minister explains reasons for issuing PP 38 of 2025
October 29, 2025 23:56Financial advice complaints rise 45% amid funeral policy issues
October 28, 2025 23:32Fintechs and nonbanks pursue crypto custody charters
October 27, 2025 07:24Deadline issued for civil societies to register assets
October 27, 2025 03:56Trump nominates Mike Selig to lead CFTC
October 26, 2025 21:59XRP cryptocurrency faces potential price correction
October 26, 2025 03:57Nigeria exits FATF grey list after key reforms
October 25, 2025 15:54African countries advance cryptocurrency regulations amid growing adoption
October 24, 2025 20:49Addis Ababa seals nearly 3,000 shops for lease violations
Trump nominates Mike Selig to chair the CFTC
Chris Blake Image generated by AI
President Donald Trump has nominated Mike Selig, chief counsel of the SEC's crypto task force, to lead the Commodity Futures Trading Commission. The selection follows the withdrawal of previous nominee Brian Quintenz amid opposition from crypto donors Tyler and Cameron Winklevoss. If confirmed, Selig would oversee the agency's expanding role in regulating the $4 trillion crypto market.
NHTSA probes Tesla's Mad Max mode in Full Self-Driving
The U.S. National Highway Traffic Safety Administration has launched an investigation into Tesla's new 'Mad Max' mode for its Full Self-Driving system, amid concerns over aggressive driving behaviors. The mode, part of a recent firmware update, allows vehicles to exceed speed limits and perform spirited maneuvers. Regulators emphasize that drivers remain fully responsible for vehicle operation.
Oklahoma oil wastewater purges persist despite regulatory efforts
Toxic wastewater from oil fields continues to surface across Oklahoma, known as 'purges,' contaminating land and water sources. State regulators at the Oklahoma Corporation Commission identified high-pressure injection wells and orphan wells as key causes but have struggled to enforce prevention and cleanup. A yearlong investigation by The Frontier and ProPublica highlights over 150 such incidents in the past five years.
Crypto.com applies for OCC national trust bank charter
Singapore-based cryptocurrency exchange Crypto.com has filed an application with the U.S. Office of the Comptroller of the Currency for a national trust bank charter. The move aims to expand its federally supervised custody services for institutional clients. This follows similar efforts by firms like Coinbase and Circle in 2025.