Business

Central banks are adopting AI despite inherent risks
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1 February, 2024

Central banks are adopting AI despite inherent risks

Even before artificial intelligence gained mainstream popularity, central banks have been utilizing the technology, according to a study by the...
Hong Kong AI adoption on par with other financial hubs: report
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1 February, 2024

Hong Kong AI adoption on par with other financial hubs: report

While Hong Kong is seen as a prime environment for artificial intelligence adoption, a survey identified some risks that may...
South Africa shortlists 50 applicants for VASP licensing
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31 January, 2024

South Africa shortlists 50 applicants for VASP licensing

While over 100 companies applied for the license, the FSCA only forwarded 50 companies to the licensing committee, with some...
HyperVerse scam founder Xue ‘Sam’ Lee hit with criminal, civil fraud charges
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31 January, 2024

HyperVerse scam founder Xue ‘Sam’ Lee hit with criminal, civil fraud charges

The charges against Xue 'Sam' Lee, accusing him of orchestrating the scheme that took $1.89 billion from its 'investors' between...
CFTC seeks feedback on AI use in compliance, warns against utilization of AI trading bots
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31 January, 2024

CFTC seeks feedback on AI use in compliance, warns against utilization of AI trading bots

The CFTC's call for comment on AI risks and how regulated entities might use the tech in their compliance efforts...
FSB published work program for 2024—digital currency oversight front and center
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31 January, 2024

FSB published work program for 2024—digital currency oversight front and center

The Financial Stability Board has released its 2024 work program and plans to take a closer look at tokenization, including...
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