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Business

Italy earmarks $33M for workers at risk of replacement by AI
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23 May, 2023

Italy earmarks $33M for workers at risk of replacement by AI

Italy will use the money to boost the skills of those at risk of AI replacement and train unemployed people...
China expands digital yuan pilot for SME loans to trigger widespread usage
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23 May, 2023

China expands digital yuan pilot for SME loans to trigger widespread usage

Banking officials state that relying on CBDCs for SME loans can ensure "the authenticity and credibility of the closed-loop circulation...
Montenegrin prosecutors appeal Do Kwon’s bail terms, heads to Supreme Court
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23 May, 2023

Montenegrin prosecutors appeal Do Kwon’s bail terms, heads to Supreme Court

The Montenegro prosecutor's appeal revolves around the fact that the bail conditions for Do Kwon and Han Chang-Joon appear to...
Singapore and New York regulators collaborate on CBDC interoperability in new study
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22 May, 2023

Singapore and New York regulators collaborate on CBDC interoperability in new study

The experiment aims for "a future digital currency landscape" that enables interoperability of wholesale CBDCs to facilitate cross-border payment, according...
US House hearing on stablecoins highlights divided approach to regulation
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22 May, 2023

US House hearing on stablecoins highlights divided approach to regulation

The hearing is part of renewed attempts by lawmakers to reach a consensus on a bill that would address stablecoin...
DeFi is subject to regulation, CFTC Chair Rostin Behnam says
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22 May, 2023

DeFi is subject to regulation, CFTC Chair Rostin Behnam says

The CFTC chair argued that decentralized digital asset exchanges will be regulated regardless of how they’re constituted—it’s just a matter...
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