#government
181 articles found
Latest
The House of Lords Communications and Digital Committee has published a report criticizing the government's approach to artificial intelligence. According to them, the focus on security is overly stringent, potentially stifling the development of new technologies.
The Federal Court of Canada has ruled the government's actions of freezing cryptocurrency assets and limiting donations to protesters as unlawful. These measures were implemented by Prime Minister Trudeau amidst the extensive trucker demonstrations opposing COVID-19 restrictions.
The South Korean government intends to establish specific regulations targeting cryptocurrency mixers, which are used to obscure the origin of digital assets. This initiative is driven by the challenges these services pose in tracking money laundering conducted by criminal organizations.
Nigerian banks are teaming up with the nation's Central Bank and various blockchain companies to launch a new stablecoin, Naira (cNGN), slated for 2024. This comes after previous unsuccessful attempts by the government to initiate a similar project and a digital national currency.
The Chinese government, known for its cryptocurrency ban, is showing signs of easing its policy on decentralization. It has announced plans to support the development of the Web3 ecosystem, dApps, and NFTs. This new approach is detailed in a recent strategic planning document released by China’s Ministry of Industry and Information Technology.
U.K. House of Commons Treasury Committee lawmakers, in its recent report, have urged the government to reconsider the regulations for a potential Central Bank Digital Currency (CBDC). Proposed changes include setting a lower limit on individual holdings (up to £3,000) and the option to earn interest on these holdings.
North Korean hackers are now leveraging artificial intelligence to orchestrate more complex cyberattacks targeting military, infrastructure, and financial entities, including crypto projects. This advancement has been acknowledged by AI developer OpenAI, Microsoft, and the South Korean government, which consistently monitors attempts to infiltrate its public sector employees.
OpenAI CEO Sam Altman has called for up to $7 trillion in investments to establish infrastructure for manufacturing artificial intelligence chips, addressing the severe global shortage. He has shared this proposal with both the government and business leaders in the United Arab Emirates (UAE).
The Indian government has raised an alarm over the proliferation of AI-generated fake content on social media and other digital platforms, particularly concerning its impact on the country's massive online user base of over 600 million people. Officials are wary of the unpredictable public response to such misinformation.
The South Korean government has expressed opposition to the approval of Bitcoin or any other cryptocurrency-based ETFs, in light of the recent shifts in the U.S. financial policy. This stance was articulated by a representative of the South Korean Financial Services Commission (FSC).
The Indonesian government has reiterated the necessity for cryptocurrency exchanges to register with the Commodity Futures Exchange (CFX), a national trading platform established in 2023. Exchanges that fail to register will be compelled to cease their operations in Indonesia.
From 2024, South Korea will update its regulations regarding the disclosure of personal assets for government officials. About 5,800 state officials will be required to publicly disclose their crypto asset holdings and other properties using a designated electronic system. 






