Georgian central bank to launch AML probe into crypto firms
Georgia, a major cryptocurrency-friendly country among post-Soviet states, is preparing to start monitoring crypto firms to prevent money laundering and comply with sanctions.The National Bank...
Report: Bitcoin mining stocks – extreme volatility and underperforming Bitcoin
Key Takeaways Bitcoin mining stocks have traded with significantly more volatility than Bitcoin itself Mining stocks have underperformed, as rising energy costs and increased competition...
Italian senator provokes parliament with AI-generated speech
An Italian senator spoke before members of the Italian parliament with — unbeknownst to parliament members — a speech entirely composed by artificial intelligence (AI).In...
Crypto.com completes its licensing process in Singapore
Crypto.com received an in-principle approval in Singapore last June. Coinbase and Blockchain.com are the other exchanges that have received in-principle approval in Singapore. Crypto.com has...
Crypto.com joins ranks of licensed payment institutions in Singapore
The Singapore-based cryptocurrency exchange, Crypto.com, announced on June 1 that it had been granted a major payment institution (MPI) license for digital payment token (DPT)...
Australia asks if ‘high-risk’ AI should be banned in surprise consultation
The Australian government has announced a sudden eight-week consultation that will seek to understand whether any “high-risk” artificial intelligence tools should be banned.Other regions including...
Japanese AI experts raise concern over bots trained on copyrighted material
Japanese artificial intelligence experts and researchers are urging caution over the use of illegally obtained information to train AI, which they believe could lead to...
Sen. Elizabeth Warren points to crypto payments as facilitating fentanyl trade in China
Massachusetts Sen. Elizabeth Warren has suggested a link between cryptocurrency payments and companies based in China that provided precursors for the opioid fentanyl.In a May...
EU officials sign Markets in Crypto-Assets framework into law
Officials with the European Union have signed the Markets in Crypto-Assets, or MiCA, bill into law following final approval from finance ministers.On May 31, Sweden’s...
Former House Rep blames industry outsiders for associating crypto with bank’s failure
Barney Frank, a former member of the United States House of Representatives and board member of Signature Bank, has pointed fingers at certain members of...