Adoption Regulation
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China Considers Yuan-Backed Stablecoins To Boost Currency Usage: Report
China is considering allowing the usage of yuan-backed stablecoins for the first time to boost wider adoption of its currency globally, sources familiar with the matter said, in a major reversal of its stance towards digital assets.
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Government Reportedly Drafts Online Gaming Bill to Regulate e-Sports: 5 Things to Know
The Indian government has reportedly drafted a Bill seeking to regulate the online gaming space. As per the report, the draft Bill adopts a two-pronged approach, encouraging and establishing a regulatory framework for e-sports while prohibiting advertising of real-money games (RMGs). It is said to also outline punishments for betting in an e-sport ...
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Uber Reportedly Exploring Stablecoin Adoption to Cut Cross-Border Transfer Costs
Uber is looking to reduce the costs of processing international money transfers, and it is now analysing if stablecoins can help in the process. Dara Khosrowshahi, the CEO of Uber, spoke about Uber's ongoing stablecoin study phase during the Bloomberg Tech conference held this week in San Francisco.
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US Crypto Task Force Spotlights Growing Interest in RWA Tokenisation in Latest Roundtable MeetÂ
Paul Atkins, the chairperson of the Crypto Task Force, acknowledged that securities were rapidly migrating from off-chain databases to on-chain ledger networks, indicating adoption of Web3 technologies. He said that tokenisation could enhance capital formation by transforming relatively illiquid assets into liquid investment opportunities.
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Abu Dhabi’s ADQ, FAB and IHC Announce Plans for Dirham-Backed Stablecoin
Abu Dhabi’s ADQ sovereign wealth fund, the First Abu Dhabi Bank (FAB), and investment firm IHC have planned to launch a Dirham-backed stablecoin. The token will be supported on the ADI blockchain, developed by an Abu Dhabi-based non-profit firm called the ADI Foundation.
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RBI Shares Observations Around Tokenisation, Crypto in Financial Stability Report 2024
As per the RBI, asset tokenisation is a rapidly evolving financial innovation still in its early stages, currently presenting minimal concerns. However, the central bank also cautioned that the widespread adoption of crypto assets could potentially impact macroeconomic and financial stability.
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Crypto Legislation Likely Coming Under Trump, Ex-SEC Chief Says
Congress is likely to adopt legislation governing cryptocurrencies during President-elect Donald Trump's administration, Jay Clayton, a former top Wall Street regulator and potential political appointee, said on Wednesday.
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US FCC Adopts Rules That Require All Smartphones to Offer Hearing Aid Support
The US Federal Communications Commission (FCC) has adopted new rules mandating that all mobile phones released in the country must be compatible with hearing aids and adhere to volume control standards that allow users to hear sounds at a louder volume without introducing distortion. This initiative seeks to enhance accessibility for the 48 million...
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What is the ‘REDI’ Framework for CBDC Adoption Suggested by IMF
The IMF's REDI framework—comprising regulation, education, design and deployment, and incentives—highlights the importance of fostering awareness and understanding of Central Bank Digital Currencies (CBDCs). In alignment with insights from global financial experts, an IMF report emphasizes that enhancing knowledge about CBDCs is essential for p...
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US, Britain, EU to Sign First International AI Treaty
The first legally binding international AI treaty will be open for signing on Thursday with the US, the UK, and the EU coming together for this. The signatories can choose to adopt or maintain legislative, administrative or other measures to give effect to the provisions.
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iPhone 16 Series Said to Get Batteries With Stainless Steel Case That Could Last Longer
Apple is expected to use a stainless steel case that wraps around the battery. Supply chain analyst Ming-Chi Kuo on X claimed that adopting stainless steel cases for iPhone batteries will help Apple to meet EU regulations while increasing the battery cell density. Using stainless steel casing for iPhone battery will allow for five to ten percent hi...
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"India Played Constructive Role": Centre On Historic World Health Assembly Move
India played a key role in helping countries agree to the adoption of International Health Regulations (IHR 2005) at the 77th World Health Assembly (WHA) to protect against future pandemics, said Apurva Chandra, Union Health Secretary on Sunday.
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FATF Upset, Worried About Nations Being Slow in Regulating Crypto: Details
The FATF has expressed concerns about nations delaying deployment and adoption of crypto-related rules. The Paris-based global financial watchdog is leaving room for criminal activities to take shape.
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Pope Francis Calls For Global Treaty To Regulate AI
Pope Francis on Thursday called for world leaders to adopt a global treaty on the use of artificial intelligence to ensure it is used in an ethical way.
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EU Regulator Bans Meta's Use Of Personal Data For Targeted Advertising
The European Data Protection Board said Wednesday it had adopted a binding decision that will result in Facebook and Instagram owner Meta being banned from using the personal data of users for targeted advertisements.
-
China Considers Yuan-Backed Stablecoins To Boost Currency Usage: Report
China is considering allowing the usage of yuan-backed stablecoins for the first time to boost wider adoption of its currency globally, sources familiar with the matter said, in a major reversal of its stance towards digital assets.
-
Government Reportedly Drafts Online Gaming Bill to Regulate e-Sports: 5 Things to Know
The Indian government has reportedly drafted a Bill seeking to regulate the online gaming space. As per the report, the draft Bill adopts a two-pronged approach, encouraging and establishing a regulatory framework for e-sports while prohibiting advertising of real-money games (RMGs). It is said to also outline punishments for betting in an e-sport ...
-
Uber Reportedly Exploring Stablecoin Adoption to Cut Cross-Border Transfer Costs
Uber is looking to reduce the costs of processing international money transfers, and it is now analysing if stablecoins can help in the process. Dara Khosrowshahi, the CEO of Uber, spoke about Uber's ongoing stablecoin study phase during the Bloomberg Tech conference held this week in San Francisco.
-
US Crypto Task Force Spotlights Growing Interest in RWA Tokenisation in Latest Roundtable MeetÂ
Paul Atkins, the chairperson of the Crypto Task Force, acknowledged that securities were rapidly migrating from off-chain databases to on-chain ledger networks, indicating adoption of Web3 technologies. He said that tokenisation could enhance capital formation by transforming relatively illiquid assets into liquid investment opportunities.
-
Abu Dhabi’s ADQ, FAB and IHC Announce Plans for Dirham-Backed Stablecoin
Abu Dhabi’s ADQ sovereign wealth fund, the First Abu Dhabi Bank (FAB), and investment firm IHC have planned to launch a Dirham-backed stablecoin. The token will be supported on the ADI blockchain, developed by an Abu Dhabi-based non-profit firm called the ADI Foundation.
-
RBI Shares Observations Around Tokenisation, Crypto in Financial Stability Report 2024
As per the RBI, asset tokenisation is a rapidly evolving financial innovation still in its early stages, currently presenting minimal concerns. However, the central bank also cautioned that the widespread adoption of crypto assets could potentially impact macroeconomic and financial stability.
-
Crypto Legislation Likely Coming Under Trump, Ex-SEC Chief Says
Congress is likely to adopt legislation governing cryptocurrencies during President-elect Donald Trump's administration, Jay Clayton, a former top Wall Street regulator and potential political appointee, said on Wednesday.
-
US FCC Adopts Rules That Require All Smartphones to Offer Hearing Aid Support
The US Federal Communications Commission (FCC) has adopted new rules mandating that all mobile phones released in the country must be compatible with hearing aids and adhere to volume control standards that allow users to hear sounds at a louder volume without introducing distortion. This initiative seeks to enhance accessibility for the 48 million...
-
What is the ‘REDI’ Framework for CBDC Adoption Suggested by IMF
The IMF's REDI framework—comprising regulation, education, design and deployment, and incentives—highlights the importance of fostering awareness and understanding of Central Bank Digital Currencies (CBDCs). In alignment with insights from global financial experts, an IMF report emphasizes that enhancing knowledge about CBDCs is essential for p...
-
US, Britain, EU to Sign First International AI Treaty
The first legally binding international AI treaty will be open for signing on Thursday with the US, the UK, and the EU coming together for this. The signatories can choose to adopt or maintain legislative, administrative or other measures to give effect to the provisions.
-
iPhone 16 Series Said to Get Batteries With Stainless Steel Case That Could Last Longer
Apple is expected to use a stainless steel case that wraps around the battery. Supply chain analyst Ming-Chi Kuo on X claimed that adopting stainless steel cases for iPhone batteries will help Apple to meet EU regulations while increasing the battery cell density. Using stainless steel casing for iPhone battery will allow for five to ten percent hi...
-
"India Played Constructive Role": Centre On Historic World Health Assembly Move
India played a key role in helping countries agree to the adoption of International Health Regulations (IHR 2005) at the 77th World Health Assembly (WHA) to protect against future pandemics, said Apurva Chandra, Union Health Secretary on Sunday.
-
FATF Upset, Worried About Nations Being Slow in Regulating Crypto: Details
The FATF has expressed concerns about nations delaying deployment and adoption of crypto-related rules. The Paris-based global financial watchdog is leaving room for criminal activities to take shape.
-
Pope Francis Calls For Global Treaty To Regulate AI
Pope Francis on Thursday called for world leaders to adopt a global treaty on the use of artificial intelligence to ensure it is used in an ethical way.
-
EU Regulator Bans Meta's Use Of Personal Data For Targeted Advertising
The European Data Protection Board said Wednesday it had adopted a binding decision that will result in Facebook and Instagram owner Meta being banned from using the personal data of users for targeted advertisements.
