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Business

Is BRICS about to announce a gold-backed currency?
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26 August, 2024

Is BRICS about to announce a gold-backed currency?

What the BRICS system will look like in the future is still unclear, but with its annual summit ahead in...
Is AI hurting product sales? New study reveals consumer trust issues
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26 August, 2024

Is AI hurting product sales? New study reveals consumer trust issues

Many people believe AI is a revolutionary tech, but not all people are on board with this idea, with one...
Blockchain in automotive market to grow by $160 million in 2030: Report Prime
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26 August, 2024

Blockchain in automotive market to grow by $160 million in 2030: Report Prime

The market share of blockchain in automotive is expected to grow from $82.50 million in 2023 to $160.78 million by...
UNESCO initiates open consultation for global AI governance amid rising adoption
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25 August, 2024

UNESCO initiates open consultation for global AI governance amid rising adoption

UNESCO says the results of the open consultation will be presented as a policy brief to guide legislators in member...
This Week in AI: OpenAI, Condé Nast collab; ‘Swifties for Trump’ campaign sparks debate
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24 August, 2024

This Week in AI: OpenAI, Condé Nast collab; ‘Swifties for Trump’ campaign sparks debate

This week's recent AI news saw how OpenAI's partnership with Condé Nast aims to offset AI's impact on media revenue...
Cambodia’s Bakong app boosts tourism by enabling payments for 3.3M locations
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24 August, 2024

Cambodia’s Bakong app boosts tourism by enabling payments for 3.3M locations

The National Bank of Cambodia confirmed a commitment to setting up QR locations nationwide to streamline payments using the Bakong...
Seychelles’ new bill requires VASPs to have local offices, directors
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23 August, 2024

Seychelles’ new bill requires VASPs to have local offices, directors

Seychelles parliament has unanimously approved the new bill, making the Financial Services Authority the sector’s regulator and requiring VASPs to...
ICMA clarifies repurchase agreement for digital assets
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23 August, 2024

ICMA clarifies repurchase agreement for digital assets

The digital assets annex, developed in partnership with the ICMA and ISLA, provides a standardized framework for digital cash and...
‘Big Crypto’ lobbying furiously as 2024 US election heads into home stretch
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23 August, 2024

‘Big Crypto’ lobbying furiously as 2024 US election heads into home stretch

Public Citizen consumer advocacy group released a report titled ‘Big Crypto, Big Spending’ that showed ‘crypto corporations’ poured $119 million...
Ghana issues draft digital asset guidelines
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23 August, 2024

Ghana issues draft digital asset guidelines

The new guidelines require VASPs to obtain licenses from the SEC, abide by AML rules and report crimes while entitling...
Jamaica’s largest bank casts doubt on CBDC
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23 August, 2024

Jamaica’s largest bank casts doubt on CBDC

The National Commercial Bank, the only Jamaican bank that currently offers a CBDC wallet, says that while its digital banking...
Grab records impressive growth in Singapore after takeover row with local regulators
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23 August, 2024

Grab records impressive growth in Singapore after takeover row with local regulators

An overview of the report reveals that Singapore is responsible for a chunk of the positives trailing Grab's Q2 financials,...