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Regulation

Russia pushing ‘crypto’ payments, SWIFT alternative as sanctions bite
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8 July, 2024

Russia pushing ‘crypto’ payments, SWIFT alternative as sanctions bite

Bank of Russia said it had softened its stance on digital asset payment due to sanctions but admitted that the...
South Korean exchanges to step up monitoring as global fraud, exploits surge
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8 July, 2024

South Korean exchanges to step up monitoring as global fraud, exploits surge

With blockchain-based scams on the rise, South Korea will go ahead with the operation of its monitoring system this mid-July...
China planned 50 new AI standards by 2026 to cover LLM training, safety, and industrial applications
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8 July, 2024

China planned 50 new AI standards by 2026 to cover LLM training, safety, and industrial applications

Chinese authorities plan to launch 50 new AI standards to encourage standardization across the ecosystem, targeting a tentative launch date...
Zambia working with EU on AI strategy
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7 July, 2024

Zambia working with EU on AI strategy

Zambia’s government is also working with the Tony Blair Institute on the strategy, while also reviewing its cyber laws to...
Africa can use blockchain, AI to curb illicit finance: Nigeria’s anti-graft chief
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5 July, 2024

Africa can use blockchain, AI to curb illicit finance: Nigeria’s anti-graft chief

The EFCC chair noted that Africa loses $89 billion annually to illicit finance and that AI, data analytics, and blockchain...
Singapore heightens risk factor of exchanges to counter terrorist financing
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5 July, 2024

Singapore heightens risk factor of exchanges to counter terrorist financing

While the Monetary Authority of Singapore has elevated the risk factor for digital asset exchanges, it noted that there are...
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