US Finalises Rules to Curb AI Investments in China, Impose Other Restrictions

US Finalises Rules to Curb AI Investments in China, Impose Other Restrictions

The Biden administration said on Monday it is finalising rules that will limit US investments in artificial intelligence and other technology sectors in China that could threaten US national security. The rules, which were proposed in June by the US Treasury, were directed by an executive order signed by President…

India, US Sign Pact to Cooperate on Critical Battery Mineral Supply Chains

India, US Sign Pact to Cooperate on Critical Battery Mineral Supply Chains

Indian Trade Minister Piyush Goyal and US Commerce Secretary Gina Raimondo signed an agreement on Thursday to cooperate on strengthening supply chains in the two countries for lithium, cobalt and other critical minerals used in electric vehicles and clean energy applications. The Commerce Department said in a statement that the…

eToro to Shut Down Nearly All Crypto Trading in Settlement With US SEC

eToro to Shut Down Nearly All Crypto Trading in Settlement With US SEC

Retail trading platform eToro will stop offering nearly all cryptocurrencies to its customers as part of a settlement with the US Securities and Exchange Commission, the regulator said on Thursday. eToro also agreed to pay a penalty of $1.5 million (roughly Rs. 12.5 crore) to settle charges that it operated…

US SEC Approves Ether ETFs, Marks Another Milestone for Crypto Growth

US SEC Approves Ether ETFs, Marks Another Milestone for Crypto Growth

The first U.S. exchange-traded funds (ETFs) tied to the price of ether, the world’s second-largest cryptocurrency after bitcoin, are due to begin trading on Tuesday, in another watershed event for the crypto industry’s push to go mainstream.  Ether ETFs from VanEck, Franklin Templeton, Fidelity, 21Shares and Invesco will begin trading…

RBI Releases Financial Stability Report With Mention of DeFi, US Efforts to Regulate Crypto Sector

RBI Releases Financial Stability Report With Mention of DeFi, US Efforts to Regulate Crypto Sector

The Reserve Bank of India (RBI) has published its latest Financial Stability Report (FSR) that outlines important events that have recently taken place in the national and international banking and fintech sector. The domain of decentralised finance (DeFi) earned a brief mention in RBI’s report wherein the central bank, discussed…

Crypto Romance Scams Rise in the US, FTC Issues Warning: Details

Crypto Romance Scams Rise in the US, FTC Issues Warning: Details

The United States Federal Trade Commission (FTC) has identified a rise in romance scams targeting the crypto community in the US. The FTC has clearly asked people to cut off from online love interests who may be discussing investment ideas, especially related to cryptocurrencies and other digital assets, with them….

TikTok Ban Looms as President Biden Signs Law With 270-Day Sale Deadline

TikTok Ban Looms as President Biden Signs Law With 270-Day Sale Deadline

For TikTok, the clock has started running in its existential fight to avoid a US ban. Legislation requiring the social media app’s Chinese owners to divest sailed through Congress, capped by Senate passage late Tuesday as part of a larger foreign-aid package. President Joe Biden signed into law Wednesday, beginning…