Japan to Enforce Tougher Crypto Anti-Money Laundering Laws Next Month: Report
Earlier this month, global financial crimes watchdog FATF urged G-7 economies like Japan to lead by example to implement its controversial "travel rule" for crypto transfers.
Bill Seeks to Oblige South Korean Lawmakers to Declare Crypto Assets
A new bill requiring South Korean lawmakers to disclose their cryptocurrency holdings has been proposed in Seoul. The legislative initiative comes amid a snowballing scandal surrounding the crypto dealings of an opposition lawmaker whose case has…
Cardano’s Charles Hoskinson Says Ethereum Classic Now a ‘Scam’
Charles Hoskinson, co-founder of the Cardano blockchain, has labeled the decentralized computing platform Ethereum Classic (ETC) a scam that is benefiting “insiders who dump on those they recruit.” Hoskinson claimed that “Ergo…
FATF Did Not Require Pakistan to Ban Crypto to Stay Off Its 'Grey List'
The Financial Action Task Force has said it does "not require countries to indiscriminately ban virtual assets and virtual asset service providers," after Pakistan's Minister of State for Finance and Revenue said crypto cannot be legalized due to…
Chinese city launches govt-backed metaverse platform
The platform aims to consolidate the resources of academic institutions and enterprises in China and bolster research efforts in areas related to the metaverse.
Pakistan aims to produce 1 million AI-trained IT graduates by 2027
The policy framework showcases Pakistan’s willingness to integrate AI for public and national betterment. The country has set 15 targets with timelines ranging from 2023 to 2028.
Fed Survey: US Household Financial Well-Being ‘Declined Markedly’ in 2022
A survey by the U.S. Federal Reserve shows that American household financial well-being “declined markedly” in 2022. The share of adults who said they were worse off financially than a year earlier rose to “the highest level since…
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