2023 saw governments around the world grapple with the commercial emergence of artificial intelligence (AI). From the White House’s Executive Order on the Safe, Secure, and Trustworthy Development and Use of AI, to the European Union’s (EU) AI Act, China’s already implemented policies, and Japan’s “Hiroshima Process,” the world’s largest economies...
The impact of artificial intelligence (AI) on employment will be especially great in advanced economies, according to the International Monetary Fund (IMF). Overall, among economies of all kinds, about 40% of global employment is exposed to AI, the IMF said in a Sunday (Jan. 14) blog post....
The International Monetary Fund (IMF), the World Bank and the Bank for International Settlements (BIS) have reportedly joined forces to explore the concept of tokenization. This collaboration aims to leverage tokenization technology to streamline financial processes and enhance global economic development, Reuters reported Tuesday (Nov. 28). Tokenization involves converting traditional financial assets into...
The world is facing a major slowdown in global trade as economic growth weakens. In addition, governments around the world are increasingly curbing business with China, and Russia’s invasion of Ukraine is exacerbating geopolitical tensions, The Wall Street Journal (WSJ) reported Wednesday (Aug. 9). A combination...
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 a bucolic Swiss mountaintop city named Davos. There in Davos, bankers, financiers, technologists, legislators, regulators and thought leaders of all kinds — not to mention […]
December 19, 2024
The International Monetary Fund (IMF) said Wednesday (Dec. 18) that El Salvador will alter its bitcoin project as part of a staff-level agreement on a $1.4 billion Extended Fund Facility (EFF). “The potential risks of the Bitcoin project will be diminished significantly in line with Fund policies,” the organization said in a Wednesday press release. […]
January 15, 2024
The impact of artificial intelligence (AI) on employment will be especially great in advanced economies, according to the International Monetary Fund (IMF). Overall, among economies of all kinds, about 40% of global...
November 28, 2023
The International Monetary Fund (IMF), the World Bank and the Bank for International Settlements (BIS) have reportedly joined forces to explore the concept of tokenization. This collaboration aims to leverage tokenization technology to streamline financial processes...
August 09, 2023
The world is facing a major slowdown in global trade as economic growth weakens. In addition, governments around the world are increasingly curbing business with China, and Russia’s invasion of...
