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Apple Faces Lawsuit Over Allegedly Training Its AI Models on Copyrighted Books
Apple is facing a new lawsuit filed on Friday, accusing the company of training its artificial intelligence (AI) on copyrighted books. The complaint, brought forward by two authors, claims that pirated copies of their works were included in the datasets used to train OpenELM, the open-source AI model Apple introduced last year.
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Singapore Directs Crypto Firms to Halt Overseas Operations in Crackdown on Unlicensed Providers
The Monetary Authority of Singapore (MAS), recently outlined certain requirements to be fulfilled by the "Digital Token Service Providers (DTSPs) in Singapore, in order to establish more control over crypto-related services. The MAS has also decided to limit licensing for DTSPs.
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Hong Kong Passes stablecoin Bill, One Step Closer to Issuance
A stablecoin bill was passed in Hong Kong on Wednesday. Christopher Hui, the city's secretary for financial services and the treasury, said this step laid a solid foundation for Hong Kong's virtual asset market.
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NMC Warns Against Fake Calls Impersonating Chairman Of Board
NMC advises medical colleges to not to get into traps of impersonators as the authorities never seek monetary favours.
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"Immensely Grateful To...": Outgoing RBI Chief Shaktikanta Das' Message
Reserve Bank Governor Shaktikanta Das on Tuesday said the fiscal-monetary coordination was at its best during the last six years even as he thanked Prime Minister Narendra Modi for giving the opportunity to head the monetary authority of the country.
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Hong Kong’s Largest Digital Bank ZA Now Offers Direct Crypto Trading Services for Retail Users
Hong Kong's ZA Bank now enables users to buy and sell Bitcoin and Ether directly using fiat currencies, HKD and USD. This service aims to simplify crypto access for retail users—those trading for personal gains—while offering benefits like zero commission for a limited time.
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UBS Completes Pilot Project for Blockchain Solution to Streamline Tokenised Fund Services
UBS asset management firm, Chainlink, and the Swift Network have completed a pilot of a blockchain solution to help financial institutions streamline services for tokenised assets. Swift confirmed the solution was developed under Project Guardian, overseen by the Monetary Authority of Singapore (MAS).
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Fragmented Crypto Regulations Creating Uneven Playing Field, FSB Asia Voices Concerns
The Asia unit of the Financial Stability Board (FSB) convened in Hong Kong this week, co-chaired by Eddie Yue, Chief Executive of the Hong Kong Monetary Authority, and P. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka.
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Maldives Police Investigate Alleged Coup Plot To Overthrow Government
Police in the Maldives are investigating an alleged attempt to topple President Mohamed Muizzu by stirring anger over the Indian Ocean archipelago's worsening financial conditions.
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Criminal Gangs, Profiteers Thrive In Gaza As Cash Shortage Worsens Misery
A shortage of banknotes is gripping Gaza, fuelling criminal gangs and profiteering, after Israel has blocked imports of cash and most banks in the enclave have been damaged or destroyed during the war, according to residents, aid workers and
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Singapore’s Stablecoin Regulatory Framework Announced: All Details
The Monetary Authority of Singapore (MAS) has announced rules for the regulation of stablecoins. Web3 firms that wish to issue stablecoins in Singapore will have to ensure that they maintain minimum base capital and liquid assets. The country aims to avoid companies being exposed to the risks of collapse and insolvency.
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HSBC, Standard Chartered Face Pressure From Hong Kong to Take on Crypto Clients: Report
The Hong Kong Monetary Authority (HKMA) is reportedly urging lenders including HSBC and Standard Chartered to onboard cryptocurrency exchanges as clients. This move comes at a time when countries such as the US are doubling down on crypto exchanges.
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IMF Hoping For Board Meet On Pak Before End Of Financing Program
The International Monetary Fund (IMF) remains in touch with Pakistan's authorities in order to pave the way for a board meeting before a financing program expires at the end of June, the IMF mission chief for Pakistan said.
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Hong Kong Commences CBDC Pilot; Multiple Fintech Players Onboarded for Trial of e-HKD
Hong Kong has launched its e-HKD CBDC into pilot. This essentially means that Hong Kong will be conducting tests to determine how the CBDC could be used to process full-fledged payments, programmable payments, offline payments, tokenised deposits, settlement of Web3 transactions as well as settlement of tokenised assets.
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IMF Fears Zimbabwe’s Plan to Launch Gold-Backed Digital Asset Could Trigger Financial Instability
The authorities of the International Monetary Fund (IMF) have reached out to the regulators of Zimbabwe advising them against issuing a gold-back digital asset to fight against the rising inflation. Zimbabwe is considering the launch of this stablecoin in order to reduce its dependency on the US dollar amid back-to-back interest rate hikes in the U...
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Apple Faces Lawsuit Over Allegedly Training Its AI Models on Copyrighted Books
Apple is facing a new lawsuit filed on Friday, accusing the company of training its artificial intelligence (AI) on copyrighted books. The complaint, brought forward by two authors, claims that pirated copies of their works were included in the datasets used to train OpenELM, the open-source AI model Apple introduced last year.
-
Singapore Directs Crypto Firms to Halt Overseas Operations in Crackdown on Unlicensed Providers
The Monetary Authority of Singapore (MAS), recently outlined certain requirements to be fulfilled by the "Digital Token Service Providers (DTSPs) in Singapore, in order to establish more control over crypto-related services. The MAS has also decided to limit licensing for DTSPs.
-
Hong Kong Passes stablecoin Bill, One Step Closer to Issuance
A stablecoin bill was passed in Hong Kong on Wednesday. Christopher Hui, the city's secretary for financial services and the treasury, said this step laid a solid foundation for Hong Kong's virtual asset market.
-
NMC Warns Against Fake Calls Impersonating Chairman Of Board
NMC advises medical colleges to not to get into traps of impersonators as the authorities never seek monetary favours.
-
"Immensely Grateful To...": Outgoing RBI Chief Shaktikanta Das' Message
Reserve Bank Governor Shaktikanta Das on Tuesday said the fiscal-monetary coordination was at its best during the last six years even as he thanked Prime Minister Narendra Modi for giving the opportunity to head the monetary authority of the country.
-
Hong Kong’s Largest Digital Bank ZA Now Offers Direct Crypto Trading Services for Retail Users
Hong Kong's ZA Bank now enables users to buy and sell Bitcoin and Ether directly using fiat currencies, HKD and USD. This service aims to simplify crypto access for retail users—those trading for personal gains—while offering benefits like zero commission for a limited time.
-
UBS Completes Pilot Project for Blockchain Solution to Streamline Tokenised Fund Services
UBS asset management firm, Chainlink, and the Swift Network have completed a pilot of a blockchain solution to help financial institutions streamline services for tokenised assets. Swift confirmed the solution was developed under Project Guardian, overseen by the Monetary Authority of Singapore (MAS).
-
Fragmented Crypto Regulations Creating Uneven Playing Field, FSB Asia Voices Concerns
The Asia unit of the Financial Stability Board (FSB) convened in Hong Kong this week, co-chaired by Eddie Yue, Chief Executive of the Hong Kong Monetary Authority, and P. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka.
-
Maldives Police Investigate Alleged Coup Plot To Overthrow Government
Police in the Maldives are investigating an alleged attempt to topple President Mohamed Muizzu by stirring anger over the Indian Ocean archipelago's worsening financial conditions.
-
Criminal Gangs, Profiteers Thrive In Gaza As Cash Shortage Worsens Misery
A shortage of banknotes is gripping Gaza, fuelling criminal gangs and profiteering, after Israel has blocked imports of cash and most banks in the enclave have been damaged or destroyed during the war, according to residents, aid workers and
-
Singapore’s Stablecoin Regulatory Framework Announced: All Details
The Monetary Authority of Singapore (MAS) has announced rules for the regulation of stablecoins. Web3 firms that wish to issue stablecoins in Singapore will have to ensure that they maintain minimum base capital and liquid assets. The country aims to avoid companies being exposed to the risks of collapse and insolvency.
-
HSBC, Standard Chartered Face Pressure From Hong Kong to Take on Crypto Clients: Report
The Hong Kong Monetary Authority (HKMA) is reportedly urging lenders including HSBC and Standard Chartered to onboard cryptocurrency exchanges as clients. This move comes at a time when countries such as the US are doubling down on crypto exchanges.
-
IMF Hoping For Board Meet On Pak Before End Of Financing Program
The International Monetary Fund (IMF) remains in touch with Pakistan's authorities in order to pave the way for a board meeting before a financing program expires at the end of June, the IMF mission chief for Pakistan said.
-
Hong Kong Commences CBDC Pilot; Multiple Fintech Players Onboarded for Trial of e-HKD
Hong Kong has launched its e-HKD CBDC into pilot. This essentially means that Hong Kong will be conducting tests to determine how the CBDC could be used to process full-fledged payments, programmable payments, offline payments, tokenised deposits, settlement of Web3 transactions as well as settlement of tokenised assets.
-
IMF Fears Zimbabwe’s Plan to Launch Gold-Backed Digital Asset Could Trigger Financial Instability
The authorities of the International Monetary Fund (IMF) have reached out to the regulators of Zimbabwe advising them against issuing a gold-back digital asset to fight against the rising inflation. Zimbabwe is considering the launch of this stablecoin in order to reduce its dependency on the US dollar amid back-to-back interest rate hikes in the U...
