China warns against fake CBDC app
Scammers are reportedly using fake apps to trick Chinese digital yuan users with promises of dividends before wiping the victims’ accounts clean.
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Do Kwon to miss part of US fraud trial due to extradition delay
Initially set for January 29, the SEC postponed Do Kwon’s trial by two months to allow him to attend, but extradition delays will see him miss the start of the trial on March 25.
IRS taps 2 former digital asset execs to ramp up ‘crypto’ tax expertise
The IRS has hired Sulolit “Raj” Mukherjee, formerly with Coinbase and Binance.US, where he led tax compliance efforts, and ex-TaxBit vice president Seth Wilks.
New York Times ‘hacked’ ChatGPT, OpenAI claims as it seeks copyright lawsuit dismissal
OpenAI claims that it took the NYT tens of thousands of attempts to generate the anomalous results it sued for and that the newspaper exploited a ChatGPT bug.
Anti-CBDC bill introduced in US Senate
The five senators, led by Senator Ted Cruz, claim that a digital dollar is the Biden administration’s attempt to illegally surveil citizens’ spending habits.
Turkey’s two-tier CBDC to support programmable payments
The digital lira will also focus on user privacy and only support one account per user, accessible through all intermediary financial institutions, according to the Central Bank of the Republic of Turkey.
FSB pushing forward with coordinated digital asset regulatory approach
In a letter to finance ministers from the G20 countries ahead of the São Paulo meeting, the chairman of the Financial Stability Board also pledged to explore the impact of asset tokenization.
IMF recommends CBDCs, stablecoins for Pacific Island nations, attacks ‘unbacked crypto’
The needs of Pacific Island nations are diverse, and those with national currencies can try CBDCs while those without can opt for stablecoins: just not ‘crypto,’ according to the IMF.
Google suspends AI image generator after ’embarrassing’ results
Google has suspended its AI image generator on Gemini after it produced controversially inaccurate images in its attempt to recognize and promote diversity.
South Africa to explore stablecoins for digital payments
In its new budget proposal, South Africa pledged to explore stablecoins, blockchain, and the tokenization of real-world assets over the next fiscal year.
Thai SEC wants to revoke Zipmex license
The Thai securities regulator wrote to the finance minister proposing that he revoke the Zipmex license over its failure to maintain net capital and insufficient management.
Binance banned in Nigeria over ‘sophisticated heist’ against the economy: report
The Nigerian ‘crypto’ market is in uproar after government officials banned exchanges like Coinbase and Binance over their alleged “sophisticated heist against the Nigerian economy.”