Alarmed by the power of artificial intelligence, Europe, the United States and others are trying to respond — but the technology is evolving more rapidly than their policies.
Category: Regulation and Deregulation of Industry
-
Xi Jinping is Asserting Tighter Control of Finance in China
The Communist Party’s main theoretical journal has laid out a new ideological framework for the financial system that emphasizes the primacy of China’s top leader and Marxist principles.
-
Bitcoin Soars on Hopes of Investment Fund Approval
The cryptocurrency has gained roughly 150 percent this year, as investors bet that regulators will soon approve the first spot exchange-traded fund that is designed to track the price of Bitcoin.
-
Biden Administration Unleashes Powerful Regulatory Tool Aimed at Climate
Its new estimate of the economic impact of climate change could create the legal justification for aggressive new regulations.
-
U.K. Opens Inquiry Into Jeff Zucker’s Emirati-Backed Bid for The Telegraph
British regulators announced a review into whether the bid, backed mostly by funds from the United Arab Emirates, could result in adverse foreign influence over the British press.
-
U.S. Case Details Binance’s Knowledge About Criminal Users
The crypto exchange treated them as essential customers, the government said. U.S. authorities want the industry to understand how bad that is for business.
-
Binance Founder Changpeng Zhao Pleads Guilty to Money Laundering Violations
Changpeng Zhao will pay a $50 million fine and step down as chief executive of the company he created, the latest blow to the crypto world since the implosion of FTX last year.
-
Sex Workers Have Been Shunned by Banks, Even When Their Work Is Legal
Financial service companies often avoid what they deem high-risk industries like adult entertainment. When workers lose their accounts, they are left with few options.