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regulation

ChatGPT faces new rival AI model amid Austrian lawsuit for hallucinations
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3 May, 2024

ChatGPT faces new rival AI model amid Austrian lawsuit for hallucinations

An Austrian NGO accuses OpenAI of being unable to amend incorrect info on ChatGPT, which it says violates the EU’s...
Nigeria’s blockchain industry banks on new digital currency friendly SEC chief
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1 May, 2024

Nigeria’s blockchain industry banks on new digital currency friendly SEC chief

President Bola Tinubu appointed former capital markets tsar Emomotimi Agama as the SEC head at a time when the Nigerian...
US Payment Stablecoin Act could pose trouble for Tether
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30 April, 2024

US Payment Stablecoin Act could pose trouble for Tether

If the Payment Stablecoin Act passed and applicable bank regulations followed, it would open the door for America's biggest banks...
Stablecoin AML extension necessary for US national security: Brookings Institute
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29 April, 2024

Stablecoin AML extension necessary for US national security: Brookings Institute

Former CFTC Chair Timothy Massad said stablecoins may put the U.S. national security at risk because of their bearer nature,...
UK competition regulator scrutinizes big tech ‘partnerships’ in AI industry
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29 April, 2024

UK competition regulator scrutinizes big tech ‘partnerships’ in AI industry

The U.K.'s Competition and Markets Authority is inviting views on whether AI partnerships and other arrangements between the big techs...
South Africa’s digital payments roadmap includes CBDC, stablecoins
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28 April, 2024

South Africa’s digital payments roadmap includes CBDC, stablecoins

South Africa is marching toward Vision 2025 payments digitalization, with the central bank identifying stablecoins and a retail CBDC as...
Nigeria’s central bank denies directive to freeze digital asset bank accounts
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27 April, 2024

Nigeria’s central bank denies directive to freeze digital asset bank accounts

After news outlets reported on the directive supposedly issued to multiple banks, the Central Bank of Nigeria denied it amid...
Connecticut Senate passes AI bill curbing bias, deep fakes
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26 April, 2024

Connecticut Senate passes AI bill curbing bias, deep fakes

The bill would punish anyone found guilty of using AI to create deceptive deep fakes and is supported by Microsoft...
EU’s anti-money laundering bill passes final vote
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26 April, 2024

EU’s anti-money laundering bill passes final vote

The latest AML package is part of an increased effort by the EU to combat terrorist financing, and money laundering,...
AI in Regtech is expected to balloon to $6.64 billion by 2028: report
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25 April, 2024

AI in Regtech is expected to balloon to $6.64 billion by 2028: report

The Research and Markets report highlights several factors responsible for the surge of artificial intelligence in regtech, including the requirement...
Canada to enforce new ‘crypto’ tax guidelines by 2026
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25 April, 2024

Canada to enforce new ‘crypto’ tax guidelines by 2026

Canada has pledged to enforce the Crypto-Asset Reporting Framework (CARF), which aligns with OECD standards, one year before they take...
India’s fair trade regulator to appoint agency for studying AI landscape
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23 April, 2024

India’s fair trade regulator to appoint agency for studying AI landscape

The CCI study is expected to examine the potential competition, scope, and nature of AI applications while assessing the tech's...