Digital asset company AllUnity has launched SEKAU, a Swedish krona-backed stablecoin operating under the EU's MiCA regulation as an e-money token. Supported by Banking Circle and Marginalen Bank, SEKAU aims for institutional settlement and cross-border payments, launching on five blockchain networks.
The Trump administration's export control directive to Anthropic, forcing advanced AI models offline, highlights the "Wild West" era of US AI regulation. Negotiations remain stalled, with Anthropic disputing rule violations and the White House citing recklessness.
Europe has a chance to attract investment and boost strategic autonomy but must reform and cut red tape to compete with the US and Asia, according to speakers at the FII Institute summit in Rome. Greater regulatory flexibility and faster decision-making are key to channeling capital into strategic sectors.
Amazon engineers who testified at Seattle City Council meetings criticizing AI data center expansion and calling for regulation are now under company investigation. The employees fear disciplinary action, including potential termination, and accuse Amazon of monitoring political advocacy.
Europe's crypto sector braces for consolidation as the MiCA regulation's transition period ends July 1. Firms need a MiCA license to serve EU users, a process proving complex and costly, potentially leading to fewer, larger, and more tightly supervised entities. Binance's license denial highlights the challenges.
Three Amazon employees who advocated for data center regulation in Seattle are now under internal investigation, facing claims they spoke for the company without approval. They allege retaliation for expressing personal political beliefs and have filed a complaint with Seattle's Office for Civil Rights.
North Korea's Kim Yo Jong stated that denuclearization is a finalized agenda and Western countries' continued discussion shows a lack of understanding of reality.
G7 leaders and tech CEOs met in Evian-les-Bains to discuss AI regulation and cooperation, with a focus on countering China's technological advancements. Discussions aimed to foster unity among democracies, despite underlying tensions regarding US policies on AI models.
Gina Rinehart suggested offering free islands near Townsville to Elon Musk for SpaceX satellite construction and launches. She also proposed attracting Taiwan's chip industry with free land and tax holidays, and skilled Israelis for defense manufacturing, advocating for deregulation and tax cuts.
India enforces strict regulations around protected monuments to preserve historical sites. The law defines prohibited (100m) and regulated (200m) zones, restricting construction and requiring approvals for any development to protect heritage character.
Anthropic CEO'su Dario Amodei, G7 Zirvesi'nde yapay zekâ düzenlemelerinde "parçalanma" riskine karşı demokratik ülkeleri ortak hareket etmeye çağırdı. OpenAI CEO'su Sam Altman da destek vererek siber güvenlik ve teknolojik kapasite geliştirme vurgusu yaptı.
Trace Finance, a stablecoin settlement infrastructure company, has raised $32 million in a Series A funding round led by CoinFund. The funds will be used to expand its cross-border payment services across Latin America, the US, and Asia-Pacific markets.
AI company Anthropic received an export control directive to suspend foreign national access to its latest Claude models, Fable 5 and Mythos 5, citing national security concerns. This follows Anthropic's own advocacy for AI regulation and a prior dispute with the Department of Defense.
China's State Administration for Market Regulation (SAMR) has proposed new rules to prevent food delivery platforms from misusing subsidies. The draft regulations aim to stop market disruption, selling goods at a loss, and forcing merchants into subsidy programs, addressing concerns about intense competition harming businesses, drivers, and consumers.
China's central bank is increasing its focus on stablecoins, urging enhanced monitoring and international regulatory cooperation due to their growing role in cross-border payments and the global monetary system. The PBOC also warned about potential disruptions from payment weaponization.
India's silver imports saw a drastic 81.6% decline in May, falling to $76 million from $411 million in April. This sharp drop follows the government's imposition of higher import duties (6% to 15%) and mandatory licensing, aimed at curbing record-breaking imports from the previous fiscal year.
As Ireland prepares to lead EU tech policy, its close ties to US tech giants present a conflict of interest. Sixteen of the world's top 20 tech companies have hubs in Ireland, contributing significantly to its corporate tax revenue. Critics question Ireland's ability to act as an 'honest broker' due to its economic reliance on Big Tech.
A Gold Coast father is calling for stricter e-bike regulations after his son, Hudson Gagg, 17, died in a crash. The 17-year-old e-bike driver was sentenced to probation and licence disqualification.
A bipartisan group of US senators, led by Cynthia Lummis, urged the Treasury to allow state authorities to regulate stablecoin issuers under the GENIUS Act. They emphasized preserving the dual banking system and ensuring a flexible state certification process for stablecoins under $10 billion market value.
The captain of a Russian shadow fleet oil tanker, Ajay Pant, an Indian national, was charged with breaching sanctions after his vessel was intercepted by British troops in the Channel. The MV Smyrtos was carrying 98,000 tonnes of oil from Russia.
Arunachal Pradesh has significantly eased business regulations by streamlining processes across 51 areas, including land, environment, and labour. Reforms include self-certification, digital platforms, and simplified utility connections to attract investment.
Chennai and its suburbs recorded 12 sexual assaults in 24 hours, raising concerns about inadequate policing, unpatrolled areas, and poor political will. Despite swift arrests, the incidents highlight systemic failures, occurring shortly after the formation of the Singappen Special Force.
G7 digital ministers struggled to reach consensus on regulating Big Tech and addressing the environmental impact of AI, with the US reportedly refusing to compromise. Meanwhile, tech firms are pitching AI to Pope Francis ahead of his first encyclical.
India's Ministry of Health and Family Welfare now requires a doctor's prescription to buy cough syrups and other syrup medicines, ending over-the-counter sales. This move aims to prevent misuse, recreational drug use, and accidental poisoning, especially among adolescents and young adults, and addresses a history of contaminated Indian-made medicines causing child deaths globally.
