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A group of influential members of parliament (MPs) in the United Kingdom have advised the government to collaborate with democratic allies to address the potential misuse of artificial intelligence (AI), emphasizing London’s aim to be a key player in advancing the emerging technology.On Aug. 31, the Science, Innovation and Technology
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Ivy will use these funds to expand its footprint in different regions and partner with major payment service providers thereby helping them power their own open-banking offerings. On Thursday, August 31, Berlin-based startup Ivy announced that it secured a staggering $20 million in funding in order to take the open-banking payments
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Nigeria is extending an invitation to scientists of Nigerian heritage, as well as globally renowned experts who have worked within the Nigerian market, to collaborate in the formulation of its National Artificial Intelligence (AI) Strategy.According to Bosun Tijani, the Minister of Communications, Innovation and Digital Economy, who made the announcement
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Indian Prime Minister Narendra Modi has called for global collaboration on formulating crypto regulations during the annual Group of 20 (G20) summit. As president of the G20, India has taken up the task of advocating for a comprehensive global framework for regulating cryptocurrencies.The G20 comprises 19 countries and the European
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Even where implemented, there are discrepancies. Canada, for instance, requires operators to jot down beneficiaries’ postal addresses, while the U.K. doesn’t, and firms are caught in a quandary when handling a transfer between the two, Caterina Veloso, co-chair of lobby group CryptoUK’s travel rule working group, told CryptoX. Source
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When we hear that “Bitcoin is too risky,” as citizens of the U.S. and as holders of dollars we must remember that this simple statement comes from a position of substantial privilege, specifically “exorbitant privilege.” First termed by French Finance Minister Valéry Giscard d'Estaing in the 1960s, exorbitant privilege refers
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Seychelles-based cryptocurrency derivatives exchange Bitget is updating its Know Your Customer (KYC) requirements for users to stay in step with global regulatory guidelines. According to the company, the new KYC requirements are being instituted to protect user rights and interests, shape a secure cryptocurrency trading environment and comply with regulatory recommendations
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Stellar launched the Stellar Disbursement Platform (SDP) — an open-source global payment service. In its Aug. 16 announcement, Stellar explained that SDP can help with tasks ranging “from paying gig workers anywhere in the world to delivering
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At the same meeting, key U.S. Treasury official Jay Shambaugh said drafting global crypto rules wouldn't normalize the sector's disasters, much like how mandating seat belts didn't normalize car crashes. The roundtable, which was hosted by India as the current G20 president, was conducted under Chatham House rules and thus
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The cryptocurrency exchange Coinbase announced an expansion of its services offered to Canadian users on Aug. 14 through a partnership with the local financial services company Peoples Trust Company. Coinbase integrated the option for 100% of its users to deposit and withdraw money from their accounts via the Interac e-Transfers service.
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