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Business

FTC launches first major US investigation into ChatGPT maker OpenAI
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17 July, 2023

FTC launches first major US investigation into ChatGPT maker OpenAI

The Federal Trade Commission is probing whether OpenAI has breached customer protection laws or caused reputational harm to users, as...
Proposed Digital Asset bill would weaken protections and open door to unregistered players: lobby letter
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17 July, 2023

Proposed Digital Asset bill would weaken protections and open door to unregistered players: lobby letter

Signatories of the DAMS Draft bill argue that the proposed legislation would slash regulatory oversight of the highly volatile digital...
UK digital asset regulation: Gambling or finance?
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17 July, 2023

UK digital asset regulation: Gambling or finance?

Proposals to integrate digital assets into U.K. financial regulation were briefly plunged into doubt by the Treasury Select Committee in...
India unveils plans to trigger increased CBDC adoption
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16 July, 2023

India unveils plans to trigger increased CBDC adoption

India explores other use cases of CBDCs in an attempt to achieve a record of one million daily transactions, with...
China updates draft rules governing generative AI platforms
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16 July, 2023

China updates draft rules governing generative AI platforms

The latest changes in the initial rules seek to control the use of AI platforms that are reportedly not in...
FCA shuts down 26 digital currency ATMs illegally operating in UK
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15 July, 2023

FCA shuts down 26 digital currency ATMs illegally operating in UK

Steve Smart, FCA's executive director of enforcement and market oversight, noted that users' funds in digital currency ATMs "will not...
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