Why does the world still believe the US is the leading economy when half of its states are in recession?
Amidst economic challenges, recent reports indicate a concerning trend for the United States, with implications both domestically and globally. Recent data suggests that half of the Americanstates are currently experiencing a recession. This sustained period of economic downturn can lead to decreased consumer spending, increased unemployment rates, and overall economic instability. Concurrently, the erosion of […]
Post CZ, The future of Binance in the UAE and Globally
For most the Binance saga with U.S. regulator the SEC (Securities and Commodities Exchange) has come to an end. The end while better than FTX’s demise is still a big question mark and there are more queries than answers. Will Binance eventually be fully regulated as a crypto exchange in the UAE and if not […]
Effects of FinCEN convertible virtual currency mixing seen first in UAE
At the onslaught of the Israel Gaza war, the eyes of the world turned to Hamas and it’s financing. On October 19th FinCEN (U.S Department of the Treasury’s Financial Crimes enforcement network) proposed new regulations to enhance the transparency in convertible virtual currency (CVC) mixing and combat Terrorist Financing, mentioning Hamas, Palestinian Islamic Jihad. This […]
U.S. Charts New Course on AI Oversight with Biden Executive Order
In a landmark move, the Biden Administration announced an executive order to regulate the burgeoning field of artificial intelligence (AI), signaling a strategic stance to nurture innovation while safeguarding against the multifaceted risks associated with A.I. technology. Fostering AI innovation and managing risks The executive order has been crafted as a dual-edged sword: on one […]
Steer AI Development Toward Safe and Beneficial Outcomes, Rep Don Beyer
In the landscape of artificial intelligence (AI) technology, the question of effective regulation looms large. Rep. Don Beyer (D-VA) is at the forefront of this debate, a leading figure in the New Democratic Coalition’s A.I. Working Group. As the group strives to craft bipartisan policies that ensure responsible AI usage, Rep. Beyer is advocating for […]
