#government

China's state media is once again alerting its citizens to the dangers and illegality of cryptocurrency trading, as well as enforcing a total ban on mining. This move coincides with a surge in Bitcoin's popularity following the approval of spot ETFs and the anticipation of the upcoming halving event, which will reduce the reward for mining a block by half.

North Korean hackers are now leveraging artificial intelligence to orchestrate more complex cyberattacks targeting military, infrastructure, and financial entities, including crypto projects. This advancement has been acknowledged by AI developer OpenAI, Microsoft, and the South Korean government, which consistently monitors attempts to infiltrate its public sector employees.

OpenAI CEO Sam Altman has called for up to $7 trillion in investments to establish infrastructure for manufacturing artificial intelligence chips, addressing the severe global shortage. He has shared this proposal with both the government and business leaders in the United Arab Emirates (UAE).

The Indian government has raised an alarm over the proliferation of AI-generated fake content on social media and other digital platforms, particularly concerning its impact on the country's massive online user base of over 600 million people. Officials are wary of the unpredictable public response to such misinformation.

Moody's, a financial services company, has expressed that the adoption of tokenized funds is enhancing the efficiency of investment in government bonds and recognizes significant unexplored potential in this area.

The South Korean government has expressed opposition to the approval of Bitcoin or any other cryptocurrency-based ETFs, in light of the recent shifts in the U.S. financial policy. This stance was articulated by a representative of the South Korean Financial Services Commission (FSC).

Nigerian banks are teaming up with the nation's Central Bank and various blockchain companies to launch a new stablecoin, Naira (cNGN), slated for 2024. This comes after previous unsuccessful attempts by the government to initiate a similar project and a digital national currency.

Nigeria's government has levied a $10 billion fine against Binance, citing illegal transactions and efforts to manipulate the local currency's value. This move was outlined in a BBC interview with Bayo Onanuga, the President's Information and Strategy advisor.

The House of Lords Communications and Digital Committee has published a report criticizing the government's approach to artificial intelligence. According to them, the focus on security is overly stringent, potentially stifling the development of new technologies.

The Federal Court of Canada has ruled the government's actions of freezing cryptocurrency assets and limiting donations to protesters as unlawful. These measures were implemented by Prime Minister Trudeau amidst the extensive trucker demonstrations opposing COVID-19 restrictions.

The South Korean government intends to establish specific regulations targeting cryptocurrency mixers, which are used to obscure the origin of digital assets. This initiative is driven by the challenges these services pose in tracking money laundering conducted by criminal organizations.

From 2024, South Korea will update its regulations regarding the disclosure of personal assets for government officials. About 5,800 state officials will be required to publicly disclose their crypto asset holdings and other properties using a designated electronic system.