Regulation

News

US Regulators Reportedly to Open Antitrust Probes Into Nvidia, Microsoft and OpenAI

In the United States, the Federal Trade Commission (FTC) and the Department of Justice (DOJ) intend to launch an antitrust investigation against Microsoft, OpenAI and Nvidia.

Finance & Economics

ECB Reportedly to Impose Fines on Banks for Climate Failures

The media reports that the European Central Bank intends to take an unprecedented and largely sensational decision in the form of fines against several financial institutions that have been demonstrating their inability to combat the effects of climate change for a long period.

Science & Technology

AI Companies Agree to Kill Switch Policy

At the artificial intelligence summit held last week in Seoul, companies operating in the AI industry reached an agreement on the application of the so-called kill switch policy, which provides for stopping the process of developing configurations of the advanced technology if certain risk thresholds are exceeded.

News

Big Tech Reportedly Asks India to Reconsider Antitrust Law

The media reported that lobbying groups representing the interests of technology giants from the United States have asked the Indian leadership to review the proposed antitrust law.

Blockchain & Crypto

Cryptocurrency Exchange Gate.HK Faces Regulatory Pressure

Hong Kong-based cryptocurrency exchange Gate.HK has closed down due to non-compliance with local licensing requirements, which will take effect on June 1.

News

Worldcoin to Stop Iris-Scanning Operations in Hong Kong

Worldcoin, a digital identity scanning startup co-founded by OpenAI CEO Sam Altman, has been notified about the need to stop its operations in Hong Kong.

News

UK Regulators Fine Citi

In the United Kingdom, local regulators imposed a fine of 62 million pounds ($79 million) on bank Citi, which head office is located in New York.

News

UK Seeks to More Transparency Into AI Models

The media reports that local authorities in the United Kingdom are currently working to increase the transparency of the training process by technology companies of their artificial intelligence models.

News

Bipartisan Group of US Senators Unveil Plan to Control AI

The federal legislation of the United States aimed at regulating the artificial intelligence industry has become closer to the current technological reality after on Wednesday, May 15, Senate Majority Leader Chuck Schumer, along with a bipartisan trio of senators, announced work on an extensive action plan that will become a kind of concept for congressional […]

News

ECB Says About Need of New Rules for AI’s Use in Finance

The process of introducing and using artificial intelligence in the functional environment of financial services is currently at an early stage in terms of prevalence and does not belong to the category of generally accepted or widespread practice, but needs monitoring and possibly regulation to prevent potential harm to consumers and ensure conditions for proper […]

Articles

Is FXIFY a Scam? Addressing Your Concerns

Online trading and the feeling of skepticism are often close at hand. This is especially true when it comes to prop firms like FXIFY and the wide range of options available. It is natural for you as a trader to be cautious and inquire about the legitimacy of their chosen platform. In the case of […]

Articles

Behavioural Biometrics in Fintech: Revolution or Experiment?

When you deal with finances, secure authentication becomes a matter of the utmost importance. Biometric recognition was a revolutionary verification method that substituted passwords in many services, increasing both efficiency and convenience. Behavioural biometrics is now emerging as an alternative or supplement to fingerprints or iris scans. Is this next-gen biometric solution here to stay, […]

Science & Technology

EU Starts Probe Into Meta, Apple and Alphabet

The European Union on Monday, March 25, announced the launch of an investigation into such technology giants as Apple, Alphabet, and Meta.

Science & Technology

US Urges for Global AI Regulations at UN

The United States has introduced a resolution to the United Nations (UN) that promotes safe, secure, and trustworthy artificial intelligence systems.

News

US House Passes Bill to Force ByteDance to Divest TikTok

The United States House of Representatives on Wednesday, March 13, passed a bill according to which the Chinese company ByteDance, which owns TikTok, must divest the US assets of this short-video app within six months or face a ban.

Finance & Economics

Italy Privacy Watchdog Fines Unicredit

In Italy, the local data protection authority fined the bank UniCredit.