Tharman Shanmugaratnam, who won over 70% of the votes to become president, is a former MAS chair and IMF executive and has previously described digital currencies as highly risky.
The proposed tax revision includes the elimination of year-end "unrealized gains" on digital assets, which Japan's FSA said would help promote a more favorable environment for Web3 technology.
Prime Minister Rishi Sunak shares similar sentiments about establishing uniform AI standards, as U.K. lawmakers call for stricter AI rules and international coalition to tackle AI's borderless impact.
Finance Minister Nirmala Sitharaman is leading the efforts for common guidelines among G20 nations as India's push for global virtual currency regulations faces challenges ahead of G20 Summit.
Bank of Thailand foresees positive local economic impact from Pheu Thai Party's $285 digital handout scheme, with 3% GDP growth in the $14.1 billion project.
Fabio Panetta of the ECB claims the proposed legislation on the region's digital euro would be beneficial to European citizens while keeping the monetary policy on a tight leash to avoid instability.
The bill aims to cut the funding of Pyongyang's weapons programs through digital assets following the consultations of South Korean government ministries to bolster its sanctions against the North.
While whether digital assets are subject to property rights is being debated, a court in China has ruled that digital currencies are not illegal items, thereby putting them under the rule of law.
Despite being in their infancy, DAOs face challenges to other sociotechnical systems, including governance, accountability, security, and scalability.
Chinese tech firms swiftly roll out artificial intelligence chatbots following new AI regulations, with Baidu's Ernie topping app store charts while others gear up for AI-themed product launches.
French data watchdog CNIL conducts onsite checks at Worldcoin's Paris office, aiming to assess the company's internal data handling procedures, adding to the project's ongoing regulatory scrutiny.
The U.K. Travel Rule came into force on September 1, requiring digital asset businesses operating in the country to collect, verify, and share information about digital asset transfers.
