China Enforces Stricter Rules For Training AI Generative Models
The proposed regulations emphasize that training materials for these models should not include censored data from the Chinese internet. China has issued a draft of security regulations for companies offering generative artificial intelligence (AI) services, which includes restrictions on the data sources used for AI model training. The National Information Security Standardization Committee, comprised of […]
China Explores CBDC Features to Strengthen Monetary Policy
China investigates new CBDC features to improve monetary policy, cross-border transactions, and global fintech collaboration. China has recently hinted at a revolutionary development at a time when central banks around the world are racing to develop central bank digital currencies (CBDCs). Lu Lei, the Chinese foreign exchange regulator, believes “programmable features” in CBDCs could be […]
Loom Network Price Surges to 6-Year High
Loom Network rally continues to 2018 levels, unaffected by Bitcoin and Ethereum-led crypto market gloom. They are outperforming the rest. Built on the Ethereum blockchain to support large-scale decentralized applications, the token’s price has increased by 28% in the last 24 hours, bringing its total gains in the previous week to 43%, in two weeks […]
G20 Embraces Global Roadmap For Crypto Asset Regulation
G20 Finance Ministers and Central Bank Governors Release Crypto Roadmap for Global Regulation and Collaboration in Marrakesh Communiqué. The G20 Finance Ministers and Central Bank Governors (FMCBG) have agreed on a road map to address the challenges posed by cryptocurrency assets such as bitcoin, Ethereum, and others and to investigate the opportunities they present. The […]
Mastercard Reports Successful Trial of Wrapped CBDCs
Mastercard has concluded an experiment involving the wrapping of central bank digital currencies (CBDCs) on various blockchains. The Reserve Bank of Australia (RBA) and the country’s Digital Finance Cooperative Research Centre CBDC and Cuscal and Mintable participated in the trial, as announced on October 12. Mastercard stated that the solution enabled a CBDC owner to […]