On Wednesday, Bolivia’s central bank announced that it had signed a formal agreement with El Salvador’s digital asset regulator, marking a significant step toward developing a legal and technical framework for cryptocurrency adoption in the Andean nation. The Central Bank of Bolivia (BCB) and El Salvador’s Comisión Nacional de Activos Digitales (CNAD) will collaborate on … Read more
MiCA — or Markets in Crypto Assets — technical standards have been published by the European Banking Authority (EBA) on Thursday. Ahead of the upcoming July deadline, the EBA has published a detailed set of guidelines around technical standards that Web3 firms operating in the region will soon be mandated to adhere to. The aim … Read more
The relationship between cryptocurrencies and centralised banking systems is currently at a nascent stage, with a lack of integration between their operations. In order to change the status quo, the Basel Committee of Banking Supervision (BCBS), which sets global banking standards, has taken an important step, approving a new ‘disclosure framework’ that will detail how … Read more
South Korea has implemented its much talked-about “Virtual Asset User Protection Act” that defines the dos and don’ts for crypto firms, that wish to offer their services in the nation. This legal framework is aimed at controlling and eventually curbing the exploit of crypto assets for illicit activities like money laundering and terror financing. The … Read more
Apple recently released MLX — or ML Explore — the company’s machine learning (ML) framework for Apple Silicon computers. The company’s latest framework is specifically designed to simplify the process of training and running ML models on computers that are powered by Apple’s M1, M2, and M3 series chips. The company says that MLX features … Read more
The United Nations is convening this week a global gathering to try to map out the frontiers of artificial intelligence and to harness its potential for empowering humanity. The UN hopes to lay out a clear blueprint on the way forward for handling AI, as development of the technology races ahead the capacity to set … Read more
India is one of several countries actively working to integrate Central Bank Digital Currencies (CBDCs) into their financial systems. Over the weekend, the International Monetary Fund (IMF) proposed a framework aimed at facilitating widespread adoption of CBDCs, known as REDI, which stands for Regulation, Education, Design and Deployment, and Incentives. In its latest report, the … Read more
Apple researchers have developed a new artificial intelligence (AI) framework that will allow non-humanoid robots to express their intentions and engage with humans. Dubbed ELEGNT, the framework focuses on non-verbal communication via movements, postures, and gestures. Alongside focusing on task completion, the framework specialises in allowing robots to express intention, attention, and emotions with movements. … Read more
As inauguration day approaches, members of the crypto industry are eagerly anticipating a slew of digital asset friendly executive actions at the dawn of a second Trump Administration. Potentially at the top of the wish list would be an executive order prompting the regulatory agencies, including the Commodity Futures Trading Commission and the Securities and … Read more
Airtel Founder and Chairman Sunil Mittal has expressed support for regulation of crypto and artificial intelligence (AI) in India. Speaking at an event on Thursday, Mittal urged the government to set clear regulations to oversee the sector. The topic of regulating the digital assets sector was previously broached by the Supreme Court earlier this month. … Read more