The head of the world’s banking watchdog is calling for greater oversight of artificial intelligence. Pablo Hernández de Cos, chair of the Basel Committee on Banking Supervision, warned in an interview with the Financial Times (FT) posted Monday (Jan. 15) ] that artificial intelligence (AI) “could change...
Leave it to the lofty inspirations of the World Economic Forum to come up with the Universal Digital Payments Network. This, as the new cross-border digital currency payments portal made its debut Thursday (Jan. 19) in the Swiss resort-turned-summit under the shortened “UDPN” moniker, with...
Portugal’s parliament has turned down two new taxes on crypto, a report said, as the Assembly of the Republic looks into its state budget for the year. The proposals were made by two small left-wing parties. The Socialist majority party has not made a proposal,...
The World Economic Forum’s (WEF’s) first live meeting in two years kicked off on Sunday (May 22), and the cryptocurrency industry is out in force. The annual gathering of world leaders, central bankers, business titans and cultural influencers is an important event for the crypto...
January 27, 2020
For the Consumer Financial Protection Bureau (CFPB), 2020 may be a landmark year. There’s the looming question over the agency’s very constitutionality, recent definitions of what equates to “abusive” practices may scale back investigations (and fines) and some states seek to boost consumer protections. We break down why 2020 may herald big changes for the bureau.
January 24, 2020
While there was no shortage of goings on this week, the eyes and ears of the payments, commerce and finance enthusiasts were more likely trained on the goings on in...
January 22, 2020
In today’s top news, Grab, Razer, AirAsia and CIMB join other companies considering applying for one of five digital banking licenses in Malaysia, and Vodafone leaves the Libra Association. Also,...
January 18, 2024
OpenAI’s chief executive is reportedly unconcerned about a lawsuit by The New York Times against his company. The newspaper sued OpenAI and partner Microsoft late last year, accusing the companies of copyright infringement and claiming they used its content without permission to develop their artificial intelligence product ChatGPT. Speaking Thursday (Jan. 18) at the World Economic Forum in Davos, Switzerland, […]
January 15, 2024
The head of the world’s banking watchdog is calling for greater oversight of artificial intelligence. Pablo Hernández de Cos, chair of the Basel Committee on Banking Supervision, warned in an interview...
May 26, 2022
Portugal’s parliament has turned down two new taxes on crypto, a report said, as the Assembly of the Republic looks into its state budget for the year. The proposals were...
December 20, 2021
For the second consecutive year, the World Economic Forum (WEF) has postponed the forum’s meeting that was scheduled for Jan. 17-21 at Davos, the Swiss mountain resort. “Despite the meeting’s...
