India’s health ministry has unveiled stringent guidelines for on-demand video streaming services, necessitating warnings about smoking and the use of other tobacco products when such activities are portrayed on screen. The new regulations, termed as the Cigarettes and other Tobacco Products Amendments Rules, 2023, will come into effect in three months. The updated policy mandates...
Last week almost all the key markets for digital assets in Asia got updates from local regulators. Lawmakers in Japan have decided to enforce stricter Anti-Money Laundering measures to trace cryptocurrency transactions from June 1. According to reports, a vital feature of the new measures is the enforcement of the “Travel Rule” to keep a...
© Reuters. FILE PHOTO-Flags are pictured during the first working session of G-7 foreign ministers in Muenster, Germany, November 3, 2022. REUTERS/Wolfgang Rattay/Pool By Kantaro Komiya TOKYO (Reuters) – Group of Seven (G7) nation officials will meet next week to consider problems posed by generative artificial intelligence (AI) tools like ChatGPT, Japan said on Friday....
OpenAI says it’s launching a program to award ten $100,000 grants to fund experiments in setting up a democratic process for deciding what rules AI systems should follow — “within the bounds defined by the law.” Concretely, OpenAI says it’s seeking to fund individuals, teams and organizations to develop proof-of-concepts for a “democratic process” that...
DUBAI, 25th May, 2023 (WAM) — Instant Cash, a company within the FINTX portfolio, the fintech arm of Emirates Post Group, and one of the fastest-growing money transfer brands in the region, received the Retail Payment Services and Card Scheme Regulation (RPSCS) Category 2 Licence from the Central Bank of the UAE (CBUAE), making it...
Illustration: The Verge OpenAI CEO Sam Altman has warned that the company might pull its services from the European market in response to AI regulation being developed by the EU. Speaking to reporters after a talk in London, Altman said he had “many concerns” about the EU AI Act, which is currently being finalized by...
OpenAI CEO Sam Altman appearing before the Senate Judiciary Subcommittee on Privacy, Technology, and the Law. | Photo by Win McNamee / Getty Images The most unusual thing about this week’s Senate hearing on AI was how affable it was. Industry reps — primarily OpenAI CEO Sam Altman — merrily agreed on the need to...
Russia’s tax administration is going to be tasked with overseeing the crypto industry in the country, a high-ranking government official has indicated. According to the regulatory concept that’s currently under consideration, the revenue service will also serve as an entry point for market participants. Russians to Report Crypto Holdings and Transactions to Their Tax Service...
According to Eun Young Choi, the head of the crypto unit at the U.S. Department of Justice (DOJ), the United States has resolved to target digital platforms because they are making it easy for criminals and money launderers. Choi said the DOJ hopes taking action against entities such as crypto exchanges is “going to have...
DUBAI, 15th May, 2023 (WAM) — In alignment with its duty to develop solutions and regulations to combat climate change, enhance air quality, and safeguard the environment, the UAE Ministry of Climate Change and Environment issued Decree No. (138) of 2023. This decree pertains to regulating the use and distribution of Hydrofluorocarbons (HFCs) in the...