LensLinks: Issue 325

China seeks revision of anti-money-laundering law, brought to you by Regiment LLC

Author

Len Pacek
February 16, 2024

Chinese Premier Li Qiang

  • China seeks revision of anti-money-laundering law to address risks related to cryptocurrencies and other virtual assets

  • OpenAI launches Sora, a text-to-video artificial intelligence tool

  • Top 10 Shocking Reasons Bridging Hacks Are Putting The Future Of DeFi At Risk

  • Coinbase reports blowout Q4 earnings as crypto surge bolsters trading volume By Investing.com

  • Will CBDCs rule the metaverse? Central bankers hope so

  • Artificial Intelligence Wisconsin

  • Artificial intelligence has become commonplace in hospitals across the county, and will soon be in Indiana

  • FTC cracks down on AI impersonation scammers

  • What Investors Predict for AI in 2024

  • U.S. Federal Reserve Gov. Waller Says DeFi Could Boost Dollar's Global Strength

  • Crypto Money Laundering Dropped 30% Last Year, Chainalysis Says

  • Ethereum ESG Resume Could Support Spot ETF Case

  • And Much, Much, More…

#regimentco #china #artificialintelligence #cbdc #coinbase

QUOTABLE

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"China's AML legislation has not undergone a major revision since it was first enacted more than 17 years ago. The world is a very different place now. For example, bitcoin was not even invented when China's AML law first came into effect."

- Andrew Fei, a partner at law firm King & Wood Mallesons in Hong Kong

NOTABLE

China seeks revision of anti-money-laundering law to address risks related to cryptocurrencies and other virtual assets

China will soon implement revisions to its outdated Anti-Money-Laundering (AML) Law, in a move that legal experts see as a way to address the growing risks associated with virtual assets. A draft amendment to the existing AML law, which was enacted in 2006 and took effect in 2007, was discussed at a State Council meeting chaired by Chinese Premier Li Qiang, and will be submitted for review by the national legislature, according to a recent report by state-run news agency Xinhua. While the full t

finance.yahoo.com/news/china-seeks-revision-anti-money-093000311.html

The Singularity
AI, Quantum Computing, Robotics, Bio-engineering & Other Stuff on the way

OpenAI launches Sora, a text-to-video artificial intelligence tool

SAN FRANCISCO — Artificial intelligence company OpenAI showed off a new AI tool that can generate highly realistic 60-second videos based off a simple text...

www.washingtonpost.com/technology/2024/02/15/openai-sora-artificial-intelligence-videos

Blockchain, Tokens & DeFi

Top 10 Shocking Reasons Bridging Hacks Are Putting The Future Of DeFi At Risk

Let's explore the concept of bridging hacks, their impact on DeFi, and the measures being taken to secure the future of this transformative industry.

blockchainmagazine.net/defi-bridging-hacks

Crypto Trading

Coinbase reports blowout Q4 earnings as crypto surge bolsters trading volume By Investing.com

Coinbase reports blowout Q4 earnings as crypto surge bolsters trading volume

www.investing.com/news/stock-market-news/coinbase-reports-blowout-q4-earning-as-crypto-surge-bolsters-trading-volume-3305450

VR, AR, Spatial Computing, Metaverse & Gaming

Will CBDCs rule the metaverse? Central bankers hope so

Central bank digital currencies override stablecoins and native tokens for metaverse payments, says a BIS report.

www.dlnews.com/articles/regulation/cbdcs-should-rule-the-metaverse-say-central-bankers

The Singularity - a little more…

Artificial Intelligence Wisconsin

FILE - This image taken with a drone shows the Wisconsin State Capitol on Dec. 31, 2020, in Madison, Wis. Wisconsin lawmakers were set to vote Thursday, Feb. 15, 2024

madison.com/news/state-regional/artificial-intelligence-wisconsin/image_3d8a1079-4d72-56ab-9083-07bb77663726.html

Artificial intelligence has become commonplace in hospitals across the county, and will soon be in Indiana

Artificial intelligence is being used to help combat issues stemming from hospital staffing shortages across the country. Soon, these programs will be used in hospitals here in Indiana.

www.wthitv.com/news/artificial-intelligence-has-become-commonplace-in-hospitals-across-the-county-and-will-soon-be-in/article_d62298c6-cc4a-11ee-8fd3-2fe28fd3398f.html

FTC cracks down on AI impersonation scammers

The Federal Trade Commission is looking to extend its authority to target fraudsters impersonating individuals in scams. The proposed rule covers the misuse of generative artificial intelligence and other technologies.

www.nextgov.com/artificial-intelligence/2024/02/ftc-cracks-down-ai-impersonation-scammers/394241

What Investors Predict for AI in 2024

Entrepreneurs and venture capitalists shared predictions for the year ahead in a at the World Governments Summit.

time.com/6694680/ai-predictions-investors-world-governments-summit

Blockchain, Tokens & DeFi - a little more…

VC Roundup: Blockchain infrastructure, data analytics and BTC for DeFi catching investors' attention

Lava Protocol, Analog, Helika, Truflation, and Omega are among the startups securing funding in the first half of February.

cointelegraph.com/news/vc-roundup-blockchain-infrastructure-data-analytics-btc-defi-catching-investors-attention

U.S. Federal Reserve Gov. Waller Says DeFi Could Boost Dollar's Global Strength

Crypto critics often warn of digital currencies' potential to destabilize the U.S. dollar, but Federal Reserve Gov. Christopher Waller argued that stablecoins' dependence on the dollar could actually strengthen the U.S. fiat currency as decentralized finance (DeFi) catches on."People often conjectu…

www.tradingview.com/news/coindesk:558aea402094b:0-u-s-federal-reserve-gov-waller-says-defi-could-boost-dollar-s-global-strength

Here's how Bitcoin, Ethereum, and other tokens are performing today

Bitcoin has climbed 5.71% in the past 24 hours, trading at $52,228.21

www.newsbytesapp.com/news/business/cryptocurrency-prices-15-02-2024-check-rates-of-bitcoin-ethereum-solana-polygon/story

Crypto Trading - a little more…

What Bitcoin over $50k could mean for US dollar

2-year highs for the popular cryptocurrency arrive at the same time as US dollar highs, which hasn't always been the case. Learn more about the relationship between the two assets.

www.ig.com/us/news-and-trade-ideas/what-bitcoin-over--50k-could-mean-for-us-dollar-240215

Crypto Money Laundering Dropped 30% Last Year, Chainalysis Says

Illicit addresses sent $22.2 billion in cryptocurrency to services in 2023, a decrease from $31.5 billion in 2022, and centralized exchanges remain the primary destination.

finance.yahoo.com/news/crypto-money-laundering-dropped-30-140000464.html

ADX First Crypto Miner Shows Income Following $370M IPO

In early December, Phoenix Group UAE, the first crypto company made its debut on the Abu Dhabi stock market, receiving a warm welcome from investors.

www.financemagnates.com/cryptocurrency/abu-dhabis-first-crypto-miner-shows-initial-report-following-370m-ipo-success

ESG (Environmental, Social & Governance)

Ethereum ESG Resume Could Support Spot ETF Case

Speculation has increased that the SEC could soon grant similar approvals to ethereum linked ETFs.

etfdb.com/crypto-channel/ethereum-esg-argument-could-support-spot-etf-case

Regiment

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