ChainCatcher news, according to Cointelegraph, the Federal Bureau of Investigation (FBI) has been criticized for allegedly violating the terms of the MIT License in its smart contracts. X user 0xCygaar (self-identified as an AbstractChain contributor) publicly accused the agency of not properly including the required license attribution when using the OpenZeppelin library (an open-source code resource). If confirmed, this omission could constitute a violation of copyright law, as the MIT License explicitly requires that any substantial use or modification of its code includes the original license. X users claim they have warned the FBI to "take necessary measures against the FBI."The MIT License governs the use of blockchain technology, particularly within the Ethereum ecosystem. It can be distributed, modified, and used for free as long as the original license terms are followed. A public inspection of the FBI's smart contract on Etherscan shows that the code is marked as "unlicensed," sparking varied reactions from the community. The implications of the alleged violation could be serious, as the MIT License, while generally considered developer-friendly, is legally binding, and if OpenZeppelin chooses to do so, it can take legal action by sending a cease-and-desist order requiring the FBI to rectify the violation or stop using the code. However, any formal lawsuit against the FBI would face challenges due to sovereign immunity.

ChainCatcher news, a member of the Abstract Chain team @0xCygaar pointed out on the X platform that the FBI is suspected of violating the MIT License when issuing the token NexFundAI.The staff member stated that the FBI directly copied several library files from OpenZeppelin in its smart contract but failed to attach the required license declaration in the code, constituting copyright infringement. According to the MIT License, all copies or substantial portions of the software must include the license declaration.Previous news, the FBI had previously created a token called NexFundAI on Ethereum to identify and combat these suspected fraudsters and bring them to justice.

According to ChainCatcher news, as disclosed on the official website of the Hong Kong Securities and Futures Commission, virtual asset trading platforms operating in Hong Kong must submit a license application to the SFC by February 29, 2024, or they will have to cease their operations in Hong Kong by May 31, 2024. Investors using these virtual asset trading platforms should prepare in advance.

ChainCatcher message, the Hong Kong Securities and Futures Commission reminds investors to check the regulatory status of virtual asset trading platforms before March 1, 2024. According to the transitional arrangements of the SFC's regulatory system for virtual asset trading platforms, any virtual asset trading platform operating in Hong Kong that has not submitted a license application to the SFC by February 29, 2024, must cease its operations in Hong Kong by May 31, 2024.If the virtual asset trading platform used by investors for buying and selling operates in Hong Kong and is not on the "Licensed Virtual Asset Trading Platform List" or the "Virtual Asset Trading Platform Applicants List," they should prepare in advance before May 31, 2024, such as closing their accounts on these virtual asset trading platforms or transferring to licensed virtual asset trading platforms to trade virtual assets.

ChainCatcher news, according to Jinshi reports, Hong Kong's Secretary for Financial Services and the Treasury, Hui Chengyu, stated that the one-year transition period for the licensing system for virtual asset service providers implemented in Hong Kong is about to end, and all virtual asset service providers in Hong Kong must submit their license applications by February 29 of this year.It is reported that all virtual asset service providers that do not submit applications by February 29 or before, and receive a "no license issuance notice" from the Securities and Futures Commission, must cease operations in Hong Kong.