Bank of Israel explores options to boost adoption of proposed digital shekel
The Bank of Israel laid out several initiatives to trigger mass adoption of its digital shekel, including using the CBDC to settle taxes and pay salaries.
The Bank of Israel laid out several initiatives to trigger mass adoption of its digital shekel, including using the CBDC to settle taxes and pay salaries.
JPMorgan launches an ambitious dollar pilot project in India's GIFT City with local financial institutions, an initiative utilizing blockchain to improve the country's interbank transactions.
MUFG revealed that it would collaborate with blockchain infrastructure providers TOKI and Datachain to create a bridge to facilitate cross-chain transactions between distributed ledgers.
Brazil opened a pathway to diversify its financial services after the central bank granted Mercado Bitcoin a payment provider license, allowing it to offer new digital banking solutions via MB Pay.
The "Co-creating the future ecosystem with Central Bank Digital Currencies" white paper notes that China's Greater Bay Area is prime real estate to test CBDCs, given the diversity of currencies in the area.
Angelina Kwan, CEO of Stratford Finance and former Hong Kong SFC regulator, hinted that the new rules for digital exchanges might see China reverse its blanket ban on digital currencies.
Japan’s Personal Information Protection Commission warned OpenAI to reevaluate its data collection methods and ensure compliance with existing rules.
OpenAI said that it seeks to quantify the cybersecurity capabilities of AI models, empower defenders and elevate the discourse in the industry.
The top of concern for artificial intelligence (AI) experts in Japan is using copyrighted materials to train AI models, which could open the floodgates for an avalanche of legal cases.
SEC Chairperson Emilio Aquino said that the rules could be launched before the end of 2023, hinging on the addition of proper safeguards for investors.
The public consultation will run until July 26, with academic and industry players as well as policymakers, establishing ideas on artificial intelligence (AI) regulation in Australia.
While Indian regulators are focused on protecting retail investors, the broader payments ecosystem faces significant risks from digital currencies, according to the Reserve Bank of India.