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Microsoft Calls for Revised AI Regulation, Proposes Streamlined Five-Point Guidelines

Yesterday, Microsoft VC and President Brad Smith called for a new supervisory agency and proposed guidelines for effective AI regulation. Microsoft Corporation (NASDAQ: MSFT) has joined the discussion on artificial intelligence (AI) regulation, calling for oversight from a new federal agency. In addition to a proposed supervisory fed agency, Microsoft also

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Hong Kong security regulator to issue crypto license guidelines in May

The Hong Kong Securities Futures Commission (SFC) is reportedly set to release cryptocurrency exchange licensing guidelines next month. The plans were reported by Bloomberg on April 27, which cited comments from the SFC’s chief executive Julia Leung on Thursday. The incoming guidelines will provide support to crypto trading platforms that

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Chinese Regulators Publishes Guidelines for Development of ChatGPT-Like AI Products

Just like blockchain technology, the emergence of AI is relatively new and the laws governing such innovations are notably limited. Chinese regulators, particularly the Cyberspace Administration of China (CAC) have floated a new set of guidelines that will oversee the development of ChatGPT-like Artificial Intelligence (AI) products from its homegrown companies.

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Nigerian Central Bank Unveils Open Banking Guidelines – Africa Bitcoin News

The Nigerian central bank recently said it had issued operational guidelines for open banking in Nigeria which are expected to enhance efficiency and access to financial services. According to the central bank, some of the guidelines’ objectives include ensuring “consistency and security across the open banking system.” Customer Permissioned Data Sharing The

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South Korea Issues Guidelines for Regulating Security Tokens as Legislation Looms

Security tokens refer to the digitalization of securities under the Capital Markets Act using distributed ledger technology, according to the guidance, and will apply only to digital assets that qualify. The guidance clarifies that stablecoins, which are crypto pegged to the value of other currencies such as the U.S. dollar

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Israel’s Ministry of Finance Proposes New Guidelines for Regulating Digital Assets

The recommendations call for the creation of a new regulatory infrastructure, legislating licensing powers and supervision over the issuance of backed digital assets, including stablecoins, and the provision of financial services through them. The recommendations also call for legislation to be passed that would transfer supervision over digital assets “that

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Hong Kong financial regulator issues guidelines for crypto futures ETFs

The Securities and Futures Commission of Hong Kong has set up requirements for entities considering a public offering of an exchange-traded fund (ETF) tied to cryptocurrency futures.In an Oct. 31 circular, the SFC said that in addition to previously imposed requirements on unit trusts and mutual funds for authorization of a

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Chinese blockchain firms conducting financial businesses may be violating PBOC guidelines

The People’s Bank of China (PBOC) has reminded financial technology (fintech) firms to comply with financial laws and regulations, in the central bank’s new set of guidelines released earlier this month.See related article: China has seen blockchain’s future and it doesn’t include cryptocurrencies Fast factsThe PBOC’s “Ethical Guidelines on Technology in

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