Report: China to tighten rules around releasing generative AI tools
Sources close to Chinese officials say the draft rules for AI developers have been updated to include acquiring a license before releasing generative AI systems.
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Crypto Biz: Winklevoss slams Silbert, Twitter’s double-edged sword and more
This week’s Crypto Biz also explores Gemini’s fight with the Digital Currency Group (DCG) over user funds, new banking tools for the digital yuan, and OpenAI’s efforts to stop users…
US reportedly plans to restrict China’s access to cloud computing services
Report says sources close to the situation have said U.S. officials plan to restrict Chinese companies’ access to cloud computing services as a security measure.
Crypto-friendly DBS Bank launches digital yuan payment tool
Crypto-friendly bank DBS has conducted the first e-CNY transaction for corporate clients, involving a catering company in Shenzhen.
China to tighten control on exports of AI chip-making materials
The Chinese government has announced that it plans to control the export of gallium and germanium products that are heavily used to produce semiconductors.
The Global Race to CBDCs: 130 Countries Already Exploring (Research)
An analysis conducted by Atlantic Council revealed that 130 nations, or 98% of the global GDP, are “exploring” a central bank digital currency (CBDC). 11 countries have fully launched one,…
U.S. considers tightening restrictions on AI chip exports
Officials in the U.S. are considering restricting the level of computing power on chips to lessen the flow of AI chips available in the Chinese market.
Crypto trading is an important part of the virtual asset ecosystem, says Hong Kong’s SFC chief
According to the CEO of Hong Kong's Securities and Futures Commission, Julia Leung Fung-yee, incorporating virtual assets into the regulatory system was crucial after FTX bankruptcy.
Bitcoin up 36% YoY after China warned BTC was ‘heading to zero’
Despite warning about Bitcoin’s “worthlessness,” China has apparently never prohibited its citizens from HODLing the cryptocurrency.
Tech giant Alibaba announces crypto-friendly chair following Daniel Zhang stepping down
The next company chair of Alibaba has backed several crypto projects through his wealth manager and tweeted he “like[s] crypto” in December 2021.
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