Recommendations – DIGIT INFO

AI chatbots are illegally ripping off copyrighted news, says media group

DIGIT — Wed, 01 Nov 2023 04:24:02 +0000

AI developers are taking revenue, data and users away from news publications by building competing products, the News Media Alliance claims.

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IMF Report on El Salvador’s Bitcoin Adoption: Risks Averted, but Transparency Needed

DIGIT — Sun, 12 Feb 2023 09:00:24 +0000

According to a recent mission statement published by the International Monetary Fund (IMF), El Salvador has adopted bitcoin as legal tender and has avoided risks so far. The IMF states that the risks have not materialized due to the limited use of bitcoin. However, the United Nations financial agency warns that if its legal tender […]

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Estonia Clarifies Upcoming Regulations, Will Not Ban Crypto Holding or Trading

DIGIT — Tue, 04 Jan 2022 22:30:05 +0000

The government of Estonia has approved legislation tailored to improve oversight of its crypto sector which expanded rapidly due to favorable regulations and business climate. The new law, which is yet to be adopted, will introduce stricter requirements for service providers without preventing their clients from owning or exchanging cryptocurrencies. Authorities in Tallinn Draft Stricter […]

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Australia Needs Regulations to Facilitate Crypto Business, Senate Committee Reports

DIGIT — Thu, 21 Oct 2021 18:30:59 +0000

A Senate committee in Australia has made a number of proposals to address the lack of proper regulations for the cryptocurrency space. The lawmakers believe the country needs new rules for its fintech and digital asset industries to be able to compete with jurisdictions that are already attracting some of its own crypto firms. Senate […]

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Bank of Russia Recommends Banks to Block Cards, Wallets Used to Transact With Crypto Exchangers

DIGIT — Tue, 14 Sep 2021 13:30:09 +0000

The central bank of Russia has advised commercial banks on how to identify and block cards and wallet accounts used by shady businesses. Along with illegal forex dealers and financial pyramids, the regulator has also listed crypto exchangers as suspicious entities. New AML Recommendations by Bank of Russia Target Cryptocurrency Exchangers Russia’s central bank has […]

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Electronic Transactions Association Proposes 7 Guiding Principles for a Digital Dollar

DIGIT — Fri, 07 May 2021 08:30:46 +0000

The Electronic Transactions Association (ETA) has put forward a set of guiding principles to be considered in the creation of a U.S. central bank digital currency (CBDC), also referred to as digital dollar. The organization, which unites hundreds of companies in the payments industry, confirms its commitment to ensuring access to financial services for all […]

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Billionaire Paul Tudor Jones Sees Massive Upside in Bitcoin, Like Investing in Apple or Google Early

DIGIT — Sat, 24 Oct 2020 18:30:46 +0000

American billionaire hedge fund manager Paul Tudor Jones has recently become more bullish on bitcoin. He declared the cryptocurrency the best hedge against inflation and compares investing in bitcoin now to investing in early tech stocks, like Apple and Google. “I think we are in the first inning of bitcoin and it’s got a long […]

The post Billionaire Paul Tudor Jones Sees Massive Upside in Bitcoin, Like Investing in Apple or Google Early appeared first on Bitcoin News.

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Government Think Tank Niti Aayog Identifies Key Blockchain Use Cases for India

DIGIT — Tue, 04 Feb 2020 11:00:21 +0000

The policy think tank for the government of India, Niti Aayog, has published a strategy document identifying a number of key areas blockchain technology can significantly benefit the country. “By empowering citizens through features of transparency, decentralization and accountability, blockchain would help in improving ease of living,” explained Niti Aayog. Also read: Regulatory Roundup — […]

The post Government Think Tank Niti Aayog Identifies Key Blockchain Use Cases for India appeared first on Bitcoin News.

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FATF Holds Global Forum to Discuss Crypto Supervision

DIGIT — Sat, 18 Jan 2020 13:10:44 +0000

The Financial Action Task Force (FATF) and over 50 delegations involved in crypto supervision recently gathered to discuss how to regulate crypto assets and related service providers. While examining three key areas, they stressed the importance of international cooperation, citing that cryptocurrencies are global products. Also read: Regulation Roundup: EU-Wide Crypto Regulations, New Rules in […]

The post FATF Holds Global Forum to Discuss Crypto Supervision appeared first on Bitcoin News.

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IMF Helping Philippines Become Important Crypto Market

DIGIT — Sat, 04 Jan 2020 11:16:44 +0000

The International Monetary Fund (IMF) is providing the Philippines with technical assistance regarding crypto assets. The IMF believes the country may become an important crypto market and has provided the Bangko Sentral ng Pilipinas with suggestions for the country’s crypto regulation, including quarterly data collection from approved crypto exchanges. Also read: Regs Roundup – China […]

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