UK to Invest in AI Task Force

UK officials announced the allocation of £100 million in funding to support an AI task force to accelerate the country's readiness for AI adoption. The task force will prioritize public services and will aim to ensure safe and reliable foundation models for AI use. (Read More)

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Crypto travel rule implementation ‘remains relatively poor,’ says FATF

A renewed call from the Financial Action Task Force (FATF) has asked countries to implement the “travel rule” to combat money laundering and terrorism financing activities enabled by cryptocurrencies. On June 23, the United Nations body — whose role is to promote strategies to combat money laundering and terrorist financing — explained that “many” member [...]

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Crypto Flipsider News – Bitcoin under $20k; FTT Loses 16%; ByBit Alameda Proposal; DOJ Seize $3.36B BTC; FATF Crypto Gray List

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Terrorists are funding their horrible deeds with crypto: UN officials

Cash and hawala remain the “predominant methods of terror financing,” according to a UN official, however, "advanced" terror organizations are turning to cryptocurrencies.

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Hawaii Assembly Gives Clearance For A Crypto Task Force

On 3rd May, Hawaii’s committee of Commerce and Consumer Protection (CPN) and Ways and Means (WAM) gave its consent for a blockchain and cryptocurrency task force. The document is addressed to the president of the senate, called for establishing a task force to “create a master plan to explore the use and regulation of blockchain […]

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Tether Combats Money Laundering With New Integration

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Kuwait Capital Markets Authority Reaffirms Comprehensive Crypto Asset Ban

In a circular released by the Capital Markets Authority of Kuwait, the regulator reaffirmed its position that Kuwait strictly prohibits the use of virtual currencies and bans mining activities within the Gulf state. The authority also emphasized the importance for businesses to inform customers about potential “risks that may arise” with dealing with crypto assets [...]

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Pentagon forms ‘Task Force Lima’ to map generative AI for US defense

The United States Pentagon has launched a new task force to look into how generative artificial intelligence can be used for the nation’s defense. On Aug. 10, the Pentagon announced the formation of “Task Force Lima” which would look into integrating AI across the U.S. defense apparatus so it can “design, deploy, and use generative AI [...]

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XRP Price Prediction with the Launch of the New SEC Crypto Task Force

XRP price gains momentum as the SEC Crypto Task Force signals a shift in regulatory stance. Explore how this development impacts XRP's future and market performance.

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