Competition and Markets Authority Probes Microsoft Over OpenAI Deal
Competition and Markets Authority (CMA), the United Kingdom’s Antitrust authority, is contemplating opening a merger investigation into the multibillion-dollar partnership between Microsoft and OpenAI. In response to this declaration, Microsoft stated that it serves solely as a non-voting observer on the board of the ChatGPT manufacturer. The investigation declaration follows the ChatGPT developer’s disclosure that […]
Kuwait Bans All Transactions Involving Crypto, Virtual Assets
Kuwait is the most recent nation to prohibit virtually all transactions involving cryptocurrencies such as Bitcoin. However, securities and other financial instruments regulated by the Central Bank of Kuwait and the CMA are exempt from the ban. The Capital Markets Authority (CMA), Kuwait’s primary financial regulator, issued a circular on the supervision and issuance of […]