The additional restrictions being considered by the Biden administration would try to target ways Chinese developers could access U.S.-made AI semiconductor chips. The United States government is considering additional measures to curb Chinese developers from gaining access to artificial intelligence (AI) semiconductor chips made in the U.S. via third parties. According to a report from…
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The draft regulations emphasize that data subject to censorship on the Chinese internet should not serve as training material for these models. China has released draft security regulations for companies providing generative artificial intelligence (AI) services, encompassing restrictions on data sources used for AI model training. On Wednesday, Oct. 11, the proposed regulations were released…
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A crypto mining operation near a Microsoft facility that supported the Pentagon was reportedly under scrutiny by U.S. officials. Officials within the United States government were reportedly keeping tabs on certain cryptocurrency mining operations with ties to China. According to an Oct. 13 report from The New York Times, many Bitcoin (BTC) data centers based…
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Shenzhen has become home to an industrial park established to promote China’s central bank digital currency (CBDC). Several financial companies are already settling there, the Chinese megacity announced while unveiling almost a dozen initiatives to boost the digital yuan use in the region. Shenzhen to Invest $14 Million in 3 Years to Develop Digital Yuan…
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An official from China’s foreign exchange regulatory body has suggested the potential use of “programmable features” within China’s Central Bank-Backed Digital Currency (CBDC) to bolster the effectiveness of monetary policy tools. China, alongside several other nations, is diligently working on the development of CBDCs, digital tokens issued and regulated by central banks, although their widespread…
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The Chinese tech titan Tencent, the WeChat operator, will launch a digital yuan smart contract offering for small and medium-sized enterprises (SMEs). The move comes weeks after the firm announced it would join a central bank-led e-CNY and global CBDC interoperability pilot. Per the Securities Times, Tencent said it will release a “digital yuan smart…
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The government is incentivizing new residents to come develop payment solutions, smart contracts, hard wallets and promotions for the digital yuan. China opened an industrial park dedicated to developing the digital yuan ecosystem on Oct. 11, according to Chinese press reports. This is the first such park dedicated to the central bank digital currency (CBDC),…
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The plaintiff, Mr. Ming, will have no judicial relief to recoup his 80,000 Tether loan after its borrower defaulted. A second Chinese court has ruled that crypto lending is an activity outside the protection of the country’s legal system. According to an Oct. 10 press release by the Nanchang People’s Court, in April 2021, an…
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Billionaire investor Paul Tudor Jones has warned of the effects of the geopolitical uncertainty around four nuclear powers, including China, Russia, and Iran. “It might be the most threatening and challenging geopolitical environment that I’ve ever seen,” Jones stressed. “It is also happening at the same time the United States is in its weakest fiscal…
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More Chinese banks are issuing loans in the digital yuan, the nation’s central bank digital currency (CBDC), as e-CNY corporate financing options diversify. Per Nanhai Net (via Hainan News), the latest development has taken place on the island province of Hainan, in the city of Sanya…. Read More: Rise in Chinese Banks Issuing Digital Yuan…
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