Kuwait bans crypto and virtual assets transactions
Kuwait’s Capital Markets Authority has officially confirmed the commitment to “absolute prohibition” of virtually all crypto operations in the country. Go to Source Powered by WPeMatico
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Twitter suspends memecoin-linked AI bot after Elon Musk’s ‘scam crypto’ claim
“Explain This Bob,” the popular AI-powered Twitter account also linked to a memecoin, was suspended shortly after Elon Musk alleged it was a “scam.” Go to Source Powered by WPeMatico
Latam Insights: Bolivia Sells Gold for Dollars, Argentina Bans Fintech Crypto, Fitch Upgrades El Salvador’s Credit Rating
Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week. In this issue, Bolivia passes a law to sell gold for dollars, the Central Bank of Argentina bans fintech companies from using crypto, and Fitch improves El Salvador’s credit rating. Bolivia Passes Law … Read more
Florida Takes a Stand Against CBDCs: Anti-CBDC Bill Receives Overwhelming Support in House and Senate
In the wake of Florida Governor Ron DeSantis’ remarks in Jacksonville on Tuesday, both the Florida House of Representatives and Senate have approved the state’s anti-central bank digital currency (CBDC) legislation, dubbed SB 7054. The bill explicitly states that should the U.S. central bank, a federal agency, or a foreign government issue a CBDC, its … Read more
Hollywood studios reject banning AI from writer’s rooms
The Writers Guild of America sent out a list of demands to Hollywood studios, including regulating AI usage in guild-affiliated projects. Go to Source Powered by WPeMatico
Samsung employees banned from using ChatGPT-like AI tools
The company-wide ban prevents Samsung employees from accessing generative AI tools on all Samsung-owned devices and internal networks. Go to Source Powered by WPeMatico
OpenAI’s ChatGPT re-enters Italy after obliging transparency demands
The revocation of the ban in Italy required ChatGPT to reveal its data processing practices and implement age-gating measures among other legal requirements. Go to Source Powered by WPeMatico
Brazil Bans Telegram Temporarily Due to Alleged Lack of Collaboration in Fight Against School Violence
A federal judge in Brazil has ordered the temporary suspension of Telegram in the country and established hefty fines due to the supposed lack of collaboration of the company in a national crusade against school violence. Telegram failed to deliver information regarding the actions it is taking against neo-Nazi groups, and now it has been … Read more
Controversial ‘Tiktok Ban Bill’ Sparks Concerns Among Cryptocurrency and Technology Advocates
Cryptocurrency and technology proponents have recently been discussing a new bipartisan bill called the “Restricting the Emergence of Security Threats that Risk Information and Communications Technology (RESTRICT)” Act. In addition to targeting firms such as Kaspersky, Huawei, and Tiktok, opponents of the bill believe one of its provisions will punish ordinary Americans for leveraging a … Read more
Chair of EU Parliament’s Committee on Budgets Calls for Crypto Ban Amid Banking Turmoil
A European lawmaker has urged authorities to impose a ban on cryptocurrencies citing the current crisis in the banking sector as a reason. Johan Van Overtveldt, former finance minister of Belgium, believes these assets bring no economic or social value. Belgium’s Ex-Finance Minister Suggests Ban on Decentralized Digital Currencies Member of the European Parliament, Johan … Read more
