US FTC Opens Investigation Into OpenAI
The US Federal Trade Commission (FTC) wrote to OpenAI, the maker of the ChatGPT chatbot powered by artificial intelligence. The very popular artificial intelligence-based chatbot ChatGPT’s creator, OpenAI, purportedly received a notice from the US Federal Trade Commission (FTC) alleging that the system had disseminated false material. According to the most recent reports, the government […]
Bitwage Halts USDC Payments for US Residents
The cryptocurrency payroll startup Bitwage announced it would stop accepting payments in USD Coin (USDC) from Americans in an email to customers on July 5. Bitwage warned that users who failed to remove their USDC allotment by July 13 would have their accounts reset. Financial officials in the United States have tightened their regulatory monitoring […]
FCA Publishes Date Crypto Ad Compliance Will Kick Off
The Financial Conduct Authority (FCA) has announced that the new rules governing financial promotions will go into effect on October 8th. On the heels of the disclosure, the FCA claimed it has written to domestic and international businesses marketing crypto-assets to UK consumers, requesting that they adhere to the forthcoming crypto ad compliance rules or […]
Crypto.com Approved to Operate in Spain
Crypto.com, a crypto exchange, has registered as a virtual asset service provider with the Central Bank of Spain. This registration allows Crypto.com to offer various goods and services to customers in Spain. It also comply to stric rules, including anti-money laundering directives and other financial crime prevention laws, ensuring user protection and safety. By obtaining […]
United States VP Discusses Dangers of AI with Top Tech CEOs
The Vice president of the United States, Kamala Harris, and President Joe Biden’s top advisers met with several CEOs of the AI industry to discuss concerns about the risks associated with AI use. On May 4, U.S. Vice President Kamala Harris met with the CEOs of OpenAI, Microsoft, Google, and the AI startup Anthropoid. She […]