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What Would the Future of Crypto Be as Liz Truss Becomes Next UK PM
As Liz Truss is set to take the top administrative position of Prime Minister in the country, the market is concerned about her monetary policies, including the stance towards cryptocurrency, regulation of Stablecoins and digital assets.
Spanish Tax Agency Cracks Down on Crypto Holders
The Spanish Tax Administration Agency (AEAT) is increasing its efforts to collect taxes on crypto assets, with plans to send out 328,000 warning notices to those who should pay their taxes for the 2022 fiscal year. The AEAT has only recently begun to take the matter seriously, with a 40% increase in the number of notices sent from the previous year.
California Advances in Generative AI with New Report
The Newsom Administration's report on Generative AI outlines California's approach to regulating and embracing this technology, emphasizing education and workforce training for responsible use.
Congressional Memo Challenges SEC's SAB 121
Congress members question the enforceability of the Securities and Exchange Commission's Staff Accounting Bulletin 121, arguing it deviates from standard accounting practices, misrepresents custodians' responsibilities, and increases consumer risk.
U.S. Tightens Microchip Export to Sustain AI Leadership Over China
Senator Mike Rounds highlighted the U.S.'s marginal lead in AI over China, measurable in months. The U.S. restricts AI chip exports to China to maintain this edge. Meanwhile, China's significant AI advancements, despite challenges like U.S. sanctions and technology gaps, underscore the intensifying global AI race.
French Finance Minister Praises Blockchain, but Condemns Cryptocurrency
French Finance Minister Bruno Le Maire has once again made his stance on crypto clear – he is critical of it and does not support it.
Thailand Finance Ministry Eyes Blockchain Technology to Revamp Service Delivery
Uttama Savanayana, Thailand’s Finance Minister, has revealed that his ministry wants to use blockchain technology for system upgrades intended for optimal service delivery to citizens.
Trump Administration May Consider Placing China’s Ant Group on Trade Blacklist
The US State Department recently submitted a proposal to add Ant Group to a trade blacklist, inhibiting the fintech giant’s business operations within the US.
Bitcoin Can’t Drive Financial Inclusion for Unbanked But CBDC Can says Mastercard CEO
Ajay Banga, the CEO of Mastercard believes Bitcoin is unable to function as an inclusive currency for the world’s unbanked due to volatility, CBDCs are a different story.
Chinese Police Put MicroBT CEO Under Microscope Over Alleged Dispute With Bitmain
Chinese Police have just resumed its investigation of intellectual property infringement involving Yang Zuoxing, CEO of Shenzhen Bit Microelectronics Technology and Bitmain.
Coinbase CEO Warns Exiting President Trump May Drop Crypto Wallet Regulation Bomb
Coinbase CEO Brian Armstrong shared rumors that the Trump Administration may rush crypto wallet regulations on traders with privacy-invading data-collection requirements.
eToro CEO: Central Banks will Inevitably Establish Digital Currencies
Yoni Assia, eToro’s CEO, recently weighed in on the issue of Central Bank Digital Currencies. He noted that this matter was no longer an issue of “if,” but of “how and when” because the development of digital currencies by central banks was inevitable.