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RBI Shares Observations Around Tokenisation, Crypto in Financial Stability Report 2024
As per the RBI, asset tokenisation is a rapidly evolving financial innovation still in its early stages, currently presenting minimal concerns. However, the central bank also cautioned that the widespread adoption of crypto assets could potentially impact macroeconomic and financial stability.
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Crypto Legislation Likely Coming Under Trump, Ex-SEC Chief Says
Congress is likely to adopt legislation governing cryptocurrencies during President-elect Donald Trump's administration, Jay Clayton, a former top Wall Street regulator and potential political appointee, said on Wednesday.
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US FCC Adopts Rules That Require All Smartphones to Offer Hearing Aid Support
The US Federal Communications Commission (FCC) has adopted new rules mandating that all mobile phones released in the country must be compatible with hearing aids and adhere to volume control standards that allow users to hear sounds at a louder volume without introducing distortion. This initiative seeks to enhance accessibility for the 48 million...
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What is the ‘REDI’ Framework for CBDC Adoption Suggested by IMF
The IMF's REDI framework—comprising regulation, education, design and deployment, and incentives—highlights the importance of fostering awareness and understanding of Central Bank Digital Currencies (CBDCs). In alignment with insights from global financial experts, an IMF report emphasizes that enhancing knowledge about CBDCs is essential for p...
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US, Britain, EU to Sign First International AI Treaty
The first legally binding international AI treaty will be open for signing on Thursday with the US, the UK, and the EU coming together for this. The signatories can choose to adopt or maintain legislative, administrative or other measures to give effect to the provisions.
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iPhone 16 Series Said to Get Batteries With Stainless Steel Case That Could Last Longer
Apple is expected to use a stainless steel case that wraps around the battery. Supply chain analyst Ming-Chi Kuo on X claimed that adopting stainless steel cases for iPhone batteries will help Apple to meet EU regulations while increasing the battery cell density. Using stainless steel casing for iPhone battery will allow for five to ten percent hi...
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"India Played Constructive Role": Centre On Historic World Health Assembly Move
India played a key role in helping countries agree to the adoption of International Health Regulations (IHR 2005) at the 77th World Health Assembly (WHA) to protect against future pandemics, said Apurva Chandra, Union Health Secretary on Sunday.
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FATF Upset, Worried About Nations Being Slow in Regulating Crypto: Details
The FATF has expressed concerns about nations delaying deployment and adoption of crypto-related rules. The Paris-based global financial watchdog is leaving room for criminal activities to take shape.
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Pope Francis Calls For Global Treaty To Regulate AI
Pope Francis on Thursday called for world leaders to adopt a global treaty on the use of artificial intelligence to ensure it is used in an ethical way.
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EU Regulator Bans Meta's Use Of Personal Data For Targeted Advertising
The European Data Protection Board said Wednesday it had adopted a binding decision that will result in Facebook and Instagram owner Meta being banned from using the personal data of users for targeted advertisements.
-
US SEC Set to Adopt New Cyber Rule, Unveils Brokerage AI Proposal
Wall Street's top regulator on Wednesday was poised to adopt new rules requiring publicly traded companies to disclose hacking incidents, a measure officials said was being taken to help the investing public contend with the mounting cost and frequency of cyber attacks.
-
EU Votes To Consider Law To Regulate AI Systems Like ChatGPT
EU lawmakers voted Wednesday to adopt a key text forming the basis of a future law regulating artificial intelligence systems like ChatGPT, while aiming to foster innovation in the technology.
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Binance Operations Declared Illegal by Nigerian Market Regulator, Asked to Discontinue
The Nigerian markets regulator has ordered the world's largest cryptocurrency exchange Binance to halt its operations in the country, saying a local unit that courted Nigerian investors through a website was illegal.
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Instagram, Twitter, YouTube and TikTok Face Action Over EU Crypto Advertising Complaint: Details
Instagram, TikTok, YouTube, and Twitter have been targeted in a new complaint by the BEUC, and these online platforms could face action over the facilitation of misleading advertisements of crypto assets. In May, the EU adopted the Markets in Crypto Assets (MiCA), a comprehensive set of rules to regulate crypto assets.
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IMF Fears Zimbabwe’s Plan to Launch Gold-Backed Digital Asset Could Trigger Financial Instability
The authorities of the International Monetary Fund (IMF) have reached out to the regulators of Zimbabwe advising them against issuing a gold-back digital asset to fight against the rising inflation. Zimbabwe is considering the launch of this stablecoin in order to reduce its dependency on the US dollar amid back-to-back interest rate hikes in the U...
-
RBI Shares Observations Around Tokenisation, Crypto in Financial Stability Report 2024
As per the RBI, asset tokenisation is a rapidly evolving financial innovation still in its early stages, currently presenting minimal concerns. However, the central bank also cautioned that the widespread adoption of crypto assets could potentially impact macroeconomic and financial stability.
-
Crypto Legislation Likely Coming Under Trump, Ex-SEC Chief Says
Congress is likely to adopt legislation governing cryptocurrencies during President-elect Donald Trump's administration, Jay Clayton, a former top Wall Street regulator and potential political appointee, said on Wednesday.
-
US FCC Adopts Rules That Require All Smartphones to Offer Hearing Aid Support
The US Federal Communications Commission (FCC) has adopted new rules mandating that all mobile phones released in the country must be compatible with hearing aids and adhere to volume control standards that allow users to hear sounds at a louder volume without introducing distortion. This initiative seeks to enhance accessibility for the 48 million...
-
What is the ‘REDI’ Framework for CBDC Adoption Suggested by IMF
The IMF's REDI framework—comprising regulation, education, design and deployment, and incentives—highlights the importance of fostering awareness and understanding of Central Bank Digital Currencies (CBDCs). In alignment with insights from global financial experts, an IMF report emphasizes that enhancing knowledge about CBDCs is essential for p...
-
US, Britain, EU to Sign First International AI Treaty
The first legally binding international AI treaty will be open for signing on Thursday with the US, the UK, and the EU coming together for this. The signatories can choose to adopt or maintain legislative, administrative or other measures to give effect to the provisions.
-
iPhone 16 Series Said to Get Batteries With Stainless Steel Case That Could Last Longer
Apple is expected to use a stainless steel case that wraps around the battery. Supply chain analyst Ming-Chi Kuo on X claimed that adopting stainless steel cases for iPhone batteries will help Apple to meet EU regulations while increasing the battery cell density. Using stainless steel casing for iPhone battery will allow for five to ten percent hi...
-
"India Played Constructive Role": Centre On Historic World Health Assembly Move
India played a key role in helping countries agree to the adoption of International Health Regulations (IHR 2005) at the 77th World Health Assembly (WHA) to protect against future pandemics, said Apurva Chandra, Union Health Secretary on Sunday.
-
FATF Upset, Worried About Nations Being Slow in Regulating Crypto: Details
The FATF has expressed concerns about nations delaying deployment and adoption of crypto-related rules. The Paris-based global financial watchdog is leaving room for criminal activities to take shape.
-
Pope Francis Calls For Global Treaty To Regulate AI
Pope Francis on Thursday called for world leaders to adopt a global treaty on the use of artificial intelligence to ensure it is used in an ethical way.
-
EU Regulator Bans Meta's Use Of Personal Data For Targeted Advertising
The European Data Protection Board said Wednesday it had adopted a binding decision that will result in Facebook and Instagram owner Meta being banned from using the personal data of users for targeted advertisements.
-
US SEC Set to Adopt New Cyber Rule, Unveils Brokerage AI Proposal
Wall Street's top regulator on Wednesday was poised to adopt new rules requiring publicly traded companies to disclose hacking incidents, a measure officials said was being taken to help the investing public contend with the mounting cost and frequency of cyber attacks.
-
EU Votes To Consider Law To Regulate AI Systems Like ChatGPT
EU lawmakers voted Wednesday to adopt a key text forming the basis of a future law regulating artificial intelligence systems like ChatGPT, while aiming to foster innovation in the technology.
-
Binance Operations Declared Illegal by Nigerian Market Regulator, Asked to Discontinue
The Nigerian markets regulator has ordered the world's largest cryptocurrency exchange Binance to halt its operations in the country, saying a local unit that courted Nigerian investors through a website was illegal.
-
Instagram, Twitter, YouTube and TikTok Face Action Over EU Crypto Advertising Complaint: Details
Instagram, TikTok, YouTube, and Twitter have been targeted in a new complaint by the BEUC, and these online platforms could face action over the facilitation of misleading advertisements of crypto assets. In May, the EU adopted the Markets in Crypto Assets (MiCA), a comprehensive set of rules to regulate crypto assets.
-
IMF Fears Zimbabwe’s Plan to Launch Gold-Backed Digital Asset Could Trigger Financial Instability
The authorities of the International Monetary Fund (IMF) have reached out to the regulators of Zimbabwe advising them against issuing a gold-back digital asset to fight against the rising inflation. Zimbabwe is considering the launch of this stablecoin in order to reduce its dependency on the US dollar amid back-to-back interest rate hikes in the U...
