#australia
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High-Risk AI Faces Potential Ban in Australia
In response to global concerns surrounding the rapid development of artificial intelligence (AI), the Australian government has launched an urgent eight-week consultation to determine if any "high-risk" AI applications should be prohibited. This initiative follows similar actions taken in the United States, the European Union, and China to understand and potentially mitigate AI-related risks. 
AUDN: The Stablecoin Disrupting Cross-Border Transactions
The National Australia Bank (NAB) has launched cross-border payments utilizing its AUDN stablecoin, tailored for instant cross-border transfers. NAB will leverage the Ethereum blockchain to transfer AUDN to its subsidiaries in other countries. 
WhiteBIT opens a branch in Australia
WhiteBIT, which is Europe's largest cryptocurrency exchange, proceeds to further scale up its business globally. The company has opened a representative office in Australia and intends to become a part of the Australian cryptocurrency community and promote blockchain technology on the continent. Australia will penalize for unscrupulous advertising of crypto-exchanges
ASIC (Australian Securities and Investments Commission) stated that financiers who promote cryptocurrency projects can provoke people for reckless investment of assets. The country establishes liability for this. Influential people from the world of finance were warned about it by ASIC.