Elon Musk Seeks EU Approval for Grok AI, Eyes Global Expansion

by Александр Пирогов | Apr 5, 2024 | Blog News

Elon Musk is aiming to deploy his artificial intelligence venture, xAI’s chatbot Grok AI, in the European Union (EU), as part of his strategy to expand its global reach. Musk’s ambition aligns with the development of Grok 2, touted as a groundbreaking AI...

US and UK Partner to Pioneer AI Safety Studies

by Александр Пирогов | Apr 5, 2024 | Blog News

The United States and the United Kingdom have joined forces to lead safety trials for advanced artificial intelligence (AI) systems, marking a significant milestone in addressing concerns surrounding AI safety. The collaboration aims to develop robust evaluation...

PayPal Enables Cross-Border Transfers Using PYUSD Stablecoin

by Александр Пирогов | Apr 5, 2024 | Blog News

Global payment giant PayPal has announced that all users in the United States, except residents of Hawaii, will now have the ability to facilitate money transfers to friends and family abroad using USD converted from the PayPal USD (PYUSD) stablecoin. This move allows...

Singapore Expands Regulation of Digital Payment Token Services

by Александр Пирогов | Apr 3, 2024 | Blog News

The Monetary Authority of Singapore (MAS) has announced amendments to the Payment Services Act (PS Act) to broaden regulation of digital payment token (DPT) service providers. The amendments, set to be implemented in stages starting April 4, will bring custodial...

Argentina Implements Legal Requirements for Cryptocurrency Exchanges

by Александр Пирогов | Apr 3, 2024 | Blog News

Argentina’s government has initiated measures requiring cryptocurrency exchanges to operate legally in the country. The Comisión Nacional de Valores (CNV), Argentina’s securities regulator, announced on March 25 that virtual asset service providers must...

Goldman Sachs Executive Refuses to Acknowledge Crypto as Investment Asset Class

by Александр Пирогов | Apr 3, 2024 | Blog News

Sharmin Mossavar-Rahmani, chief investment officer of Goldman Sachs Wealth Management, remains critical of cryptocurrencies, asserting that they do not constitute an investment asset class. Despite growing institutional interest in crypto, particularly from...