Regulation

ChatGPT faces new rival AI model amid Austrian lawsuit for hallucinations
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3 May, 2024

ChatGPT faces new rival AI model amid Austrian lawsuit for hallucinations

An Austrian NGO accuses OpenAI of being unable to amend incorrect info on ChatGPT, which it says violates the EU’s...
Nigeria’s blockchain industry banks on new digital currency friendly SEC chief
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1 May, 2024

Nigeria’s blockchain industry banks on new digital currency friendly SEC chief

President Bola Tinubu appointed former capital markets tsar Emomotimi Agama as the SEC head at a time when the Nigerian...
US Payment Stablecoin Act could pose trouble for Tether
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30 April, 2024

US Payment Stablecoin Act could pose trouble for Tether

If the Payment Stablecoin Act passed and applicable bank regulations followed, it would open the door for America's biggest banks...
Stablecoin AML extension necessary for US national security: Brookings Institute
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29 April, 2024

Stablecoin AML extension necessary for US national security: Brookings Institute

Former CFTC Chair Timothy Massad said stablecoins may put the U.S. national security at risk because of their bearer nature,...
UK competition regulator scrutinizes big tech ‘partnerships’ in AI industry
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29 April, 2024

UK competition regulator scrutinizes big tech ‘partnerships’ in AI industry

The U.K.'s Competition and Markets Authority is inviting views on whether AI partnerships and other arrangements between the big techs...
South Africa’s digital payments roadmap includes CBDC, stablecoins
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28 April, 2024

South Africa’s digital payments roadmap includes CBDC, stablecoins

South Africa is marching toward Vision 2025 payments digitalization, with the central bank identifying stablecoins and a retail CBDC as...
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