Hong Kong Considers Cryptocurrencies as Property
The recent ruling of a Hong Kong court suggested that cryptocurrencies have property attributes, giving local insolvency practitioners greater clarity in terms of digital assets
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What’s New With Generative AI: ChatGPT Gets Compliance Deadline, Open-Source LLMs Revealed, and More
The development of generative AI tools is taking great strides at the peak of the popularity of OpenAI’s ChatGPT. Here are the last updates on the technology
CFPB Data Breach Exposes Personal Information of 250,000 Consumers and 45 Banks
In the US, the Consumer Financial Protection Bureau (CFPB) informed lawmakers about the data leak.
Coinbase Receives Bermuda License: Offshore Exchange Soon to Come
Legal permission to operate in Bermuda gives Coinbase a chance to start its offshore activities as soon as next week
Elon Musk Says to Make AI Safe Requires New Model and Regulations
Elon Musk strives not only for a new model of generative artificial intelligence but also for the creation of a system of government regulation of this sphere.
Federal Reserve Governor Says CBDC Risks Likely Greater Than Benefits
The head of the Federal Reserve System, Michel W. Bowman, said that the advantages of the central bank’s digital currency (CBDC) are more likely to exceed the risks associated with its use.
Nine More US States Join Lawsuit Against Google
Nine more states have joined the US Department of Justice’s lawsuit against Alphabet (GOOGL.O) Google.
UK Regulators Deliver Roadmap for Future of Open Banking
In the UK, local financial regulators have unveiled plans for the future development of open banking.
First Islamic Bank Goes Live on UAE KYC Blockchain Platform
Abu Dhabi Islamic Bank (ADIB) has gone live on the UAE national blockchain ecosystem for the exchange of verified KYC data
UK FinTechs Seek Government Support After SVB Collapse
In the UK, local startups that operate in the field of fintech express concern that the country is losing its position in the global financial system.
Yellen Warns Banks Could Pull Back on Lending
The US Treasury Secretary reported on the high probability of a change in the approach of local financial institutions to lending in the direction of tightening.
JPMorgan Asks for Permission to Question Frank Founder About Transfers
JPMorgan Chase wants to interrogate Frank founder Charlie Javis as part of the proceedings on the transfers of millions of dollars.
FTX Lawyers Recover Billions and Bill Millions Investigating Exchange Reboot
FTX lawyers are exploring the possibility of restarting this cryptocurrency exchange.
Chargebacks911 Responds to FTC Complaint
Chargebacks911 provided a response to the allegations by the Federal Trade Commission (FTC) and Florida Attorney General Ashley Moody.
FTC Sues Chargebacks911 and Alleges Use of Unfair Techniques
Chargebacks911, a company that specializes in helping consumers mitigate the effects of chargebacks, was sued by the Federal Trade Commission (FTC) and Florida.
IMF Lowers Forecast for Global Economic Growth After Banking Crises
The consequences of the coronavirus pandemic, which have not yet been fully overcome by the financial and industrial sectors, and the pressure factor in the form of banking crises have a negative impact on the prospects for economic growth.
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