Tech Leader Urges US to Utilize Chip Dominance in Shaping Global AI Standards
Mustafa Suleyman, the co-founder of Google DeepMind and CEO of Inflection AI, emphasized to the Financial Times the importance of the United States leveraging its chip technology leadership to establish global AI usage standards.
Experian Faces FTC Fine for Unsolicited Marketing Emails Violating CAN-SPAM Act
Experian has been handed a fine of $650,000 by the Federal Trade Commission due to its engagement in sending unsolicited product and marketing messages to its customers.
Singapore's New Regulations Enhance Stability of Authorized Stablecoins
The Monetary Authority of Singapore has unveiled a fresh set of regulatory guidelines with the intent of enhancing the solidity of the country's authorized stablecoins.
Fed Launches New Oversight Unit for Complex Financial Tech Partnerships and Crypto Activities
The US Federal Reserve is establishing a novel supervisory division dedicated to overseeing intricate technological collaborations between financial institutions and non-banks, crypto-related operations, and the adoption of blockchain solutions.
SEC Implements New Regulations Requiring Material Cybersecurity Disclosures by Companies
The Securities and Exchange Commission (SEC) recently implemented new regulations mandating companies to disclose significant cybersecurity incidents they encounter, along with material information about their cybersecurity risk management, strategy, and governance on an annual basis.
UK Treasury Rejects Call to Regulate Crypto Trading as Gambling, Favors Financial Services Framework
The UK Treasury firmly rejects parliamentary committee's call to regulate consumer trading of unbacked cryptocurrencies as gambling.
Financial Stability Board Publishes Global Regulatory Framework for Crypto-Asset Activities
The Financial Stability Board (FSB) has unveiled a comprehensive global regulatory framework for crypto-asset activities, centering around the principle of 'same activity, same risk, same regulation'.
US Judge Rules in Favor of Ripple in Securities Case, XRP Soars in Price
In a significant victory for the cryptocurrency industry, a US judge has determined that Ripple's sale of the XRP token on public exchanges and through algorithms did not violate federal securities law.
