UAE Strengthens Crypto Oversight: Promoting Cross-Border Cooperation Among Financial Regulators The United Arab Emirates (UAE) has been making significant strides in the regulation of cryptocurrencies within its borders. Efforts to unify crypto oversight have expanded as the UAE promotes cross-border cooperation among its financial regulators. This move signals a proactive approach by the UAE government […]
Commission accuses Temu of failing DSA checks
Temu Faces EU Scrutiny Over Safety and Transparency Temu, a prominent player in the digital services market, is currently under the microscope of the European Commission for allegedly failing to comply with the Digital Services Act (DSA) checks. This recent development has sent shockwaves through the industry, raising concerns about the company’s commitment to upholding […]
OCC urged to delay crypto bank approvals
OCC Urged to Delay Crypto Bank Approvals The Office of the Comptroller of the Currency (OCC) has found itself in the eye of a storm as it contemplates approving national bank charters for crypto companies like Circle and Ripple. This move, which would enable these firms to bypass state licensing requirements, has sparked opposition and […]
Policy gaps widen Europe’s 5G divide
Policy Gaps Widening Europe’s 5G Divide Northern and southern Europe have emerged as the frontrunners in the European Union when it comes to 5G coverage. This significant development can be attributed to their timely spectrum rollout, which has given them a competitive edge in the race towards widespread 5G adoption. As a result, these regions […]
Malta’s rapid crypto approvals under EU review
Malta’s Crypto Licensing Process Under Scrutiny by EU Regulators Malta, often hailed as a blockchain and cryptocurrency-friendly hub, is now facing increased scrutiny from the European Union regarding its rapid crypto approvals. The European Securities and Markets Authority (ESMA) recently conducted a review, revealing that Malta’s crypto licensing process may have overlooked crucial areas such […]
Latin America struggling to join the global AI race
Latin America Struggling to Join the Global AI Race Latin America finds itself at a crossroads in the realm of artificial intelligence (AI), grappling with a series of challenges that have impeded its ability to compete on the global stage. Despite a wealth of talent and potential in the region, factors such as brain drain, […]
EU finalises AI code as 2025 compliance deadline approaches
EU Finalizes AI Code as 2025 Compliance Deadline Approaches The European Union has recently taken a significant step towards regulating the rapidly expanding field of artificial intelligence (AI). With the deadline for compliance set for 2025, developers of general-purpose AI are now required to adhere to a new set of obligations outlined by the EU. […]
EU finalises General-Purpose AI Code of Practice ahead of AI Act rollout
EU Releases General-Purpose AI Code of Practice Setting the Stage for AI Act Implementation The European Union (EU) has taken a significant step forward in the realm of artificial intelligence (AI) by unveiling the General-Purpose AI Code of Practice. This comprehensive framework is designed to steer the development of AI technologies towards safety, transparency, and […]
AI industry warned of looming financial collapse
AI Industry Warned of Looming Financial Collapse The artificial intelligence (AI) industry has long been hailed as the future of technology, promising to revolutionize countless sectors with its advanced capabilities. However, recent developments have raised concerns about the stability of this booming industry. Anysphere, a major player in the AI services market, recently made waves […]
EU rejects delay for AI Act rollout
EU Stands Firm: Rejects Delay for AI Act Rollout In the ever-changing landscape of technology and innovation, the European Union has taken a decisive stance by refusing to postpone the rollout of the AI Act. Despite pleas from tech giants for an extension, the EU remains resolute in its commitment to adhere to the original […]