Tag: Regulation
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Global Cooperation Essential for Effective Crypto Regulation, Asserts Finance Minister
Finance Minister Nirmala Sitharaman on Monday, December 8, said that it will take “significant international collaboration” to efficiently regulate cryptocurrency and other virtual digital assets (VDAs). Speaking at the Lok Sabha, the minister said that India does not collect data nor regulate the crypto industry that is “inherently borderless” in nature. “Any regulatory framework…
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UK Parliamentarians Demand Regulation of Powerful AI Systems
More than 100 UK parliamentarians are calling on the government to introduce binding regulations on the most powerful AI systems as concern grows that ministers are moving too slowly to create safeguards in the face of lobbying from the technology industry. A former AI minister and defence secretary are part of a cross-party group of…