U.S. House Financial Services Committee Establishes Bipartisan AI Working Group

by Александр Пирогов | Jan 13, 2024 | Blog News

The United States House of Representatives Financial Services Committee (FSC) has established a bipartisan Working Group on Artificial Intelligence (AI) to investigate the impact of AI in the financial services and housing industries. Chaired by Representative French...

Venezuelan Government Reportedly Set to Liquidate Petro Cryptocurrency

by Александр Пирогов | Jan 13, 2024 | Blog News

Reports suggest that the Venezuelan government is preparing to liquidate the Petro, one of the first state-backed cryptocurrencies. Asonacrip, a national cryptocurrency association, claims to have information about the impending liquidation process, involving the...

Google Play Store Blocks Binance App in India Following Government Noncompliance Notice

by Александр Пирогов | Jan 13, 2024 | Blog News

Google’s Play Store in India has blocked the Binance cryptocurrency exchange app after the Indian government issued a noncompliance notice. This follows a similar decision by Apple’s App Store in India in December 2023. The Indian government blocked access...

WEF Global Risks Report Highlights AI as a Novel Global Threat

by Александр Пирогов | Jan 12, 2024 | Blog News

The World Economic Forum (WEF) has released its 19th Global Risks Report, identifying artificial intelligence (AI) as a novel global threat. The report explores the varied impacts of AI, outlining both its positive contributions, such as productivity benefits and...

Circle Initiates Confidential Filing for IPO in the US

by Александр Пирогов | Jan 12, 2024 | Blog News

Circle Internet Financial, the custodian of the USDC stablecoin, has filed for an initial public offering (IPO) in the United States. The Boston-based company aims to become a publicly traded entity, with the timing of the IPO dependent on the Securities and Exchange...

South Korea’s FSC Maintains Ban on Crypto ETFs

by Александр Пирогов | Jan 12, 2024 | Blog News

The Financial Services Commission (FSC) of South Korea has reiterated its stance on the prohibition of cryptocurrency exchange-traded funds (ETFs), stating that launching such funds is “impossible.” The FSC emphasized the need to stabilize financial...