The United States government is reportedly considering restrictions or even banning the import of Chinese drones and heavy-duty vehicles due to national security concerns.

The Trump administration previously launched a crackdown on cars and trucks, citing national security concerns. Now, the Department of Commerce has outlined plans to “issue regulations as early as this month to address national security risks related to information and communications technologies critical to drones and their supply chain, as well as vehicles over 10,000 pounds from countries like China and other foreign adversaries.”

It’s important to note that imports from the Asian country “represent the vast majority of commercial drone sales in the United States. More than half come from DJI, the world’s largest drone manufacturer.”

The new restrictive measures related to drones and heavy vehicles from China are in addition to others already planned for imports of cars and other trucks.

M. Pino

Source: portalportuario

(Main reference image: ShareGrid on Unsplash)

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La entrada The United States may restrict imports of drones and heavy-duty vehicles from China apareció primero en Bitfinance.

Ecuadorian President Daniel Noboa proclaimed a state of internal armed conflict in the country through a decree, an unprecedented measure that comes in response to the violent takeover of TV channel TC by armed men during a live broadcast.

In a statement posted on its X account (formerly known as Twitter), Noboa announced the signing of the decree, identifying several transnational organized crime groups as “terrorist organizations and belligerent non-state actors.” Among the mentioned groups are “Aguilas, ÁguilasKiller, Ak47, Dark Knights, ChoneKiller, Choneros, Covicheros, Barracks of the Ugly, Cubans, Fatales, Gangster, Kater Piler, Lizards, Latin Kings, Wolves, Los p.27, Los Tiburones, Mafia 18, Mafia Clover, Patrons, R7, Tiguerones”.

Following this announcement, Noboa ordered the Armed Forces to carry out military operations to neutralize these groups. This decision comes at a time of high tension in the country, exacerbated by recent car bombings, bombings, kidnappings of police officers and the detention of officers in the prisons themselves.

The crisis reached a critical point when live television cameras captured the moment when the TC staff were subjected by hooded men, followed by gunfire and screaming, before the police arrived.

Apprehension of kidnappers

The National Police reported through its social networks that it proceeded to evacuate people present in the area to investigate the incident with media workers and restore order. In addition, they reported the capture of several individuals involved in the takeover of the canal, who entered armed and hooded.

This climate of insecurity has led institutions such as the University of Guayaquil and several businesses in Quito to close their doors, evidencing the growing fear of the escalation of violence in the country. The situation remains critical and the authorities continue to respond to the complex and dynamic security situation in Ecuador.

K. Tovar

Source: Descifrado

(Reference image: X, @jarizabaletaf)

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La entrada President of Ecuador declared armed conflict apareció primero en Bitfinance.

The leader of JPMorgan Chase, Jamie Dimon, voiced strong criticism against bitcoin and other cryptocurrencies during his remarks Wednesday at the U.S. Capitol, suggesting the need for their ban, CNBC reports.

“I have always been strongly opposed to cryptocurrencies, Bitcoin, and so on,” said the CEO of the leading US asset bank, answering questions from Democratic Senator Elizabeth Warren during the Senate Banking Committee session.

“The only real use it can be given to criminals, drug traffickers… money laundering, tax evasion. If I were the government, I would close it down,” Dimon added.

These statements represent Dimon’s latest offensive against cryptocurrencies, despite his bank’s strong involvement in blockchain technology, the engine of this industry valued at 1.6 trillion dollars.

On previous occasions, Dimon had described bitcoin as “an exaggerated fraud”, a comment he later retracted, as well as likening it to a “pet stone”.

During questioning by Warren and other bank executives at a routine hearing, it was agreed that cryptocurrency companies should be subject to the same anti-money laundering regulations as conventional financial institutions.

K. Tovar

Source: Bancaynegocios

(Reference image source: Precious Madubuike, Unsplash)

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La entrada CEO of JPMorgan issued criticism against cryptocurrencies apareció primero en Bitfinance.

The Bureau of Industry and Security (BIS) of the United States Department of Commerce announced the expansion of existing restrictions on the export of artificial intelligence (AI) chips to China.

The BIS has explained that these new regulations seek to strengthen the measures previously established in October 2022, with the purpose of limiting China’s ability to both acquire and produce certain high-performance chips crucial in the military field.

Under Secretary of Commerce for Industry and Security Alan F. Estevez commented on these updated restrictions:

“Export restrictions are a powerful national security tool, and these updates are based on our continued assessment of U.S. national security and foreign policy concerns related to military-civilian convergence and military modernization in the People’s Republic of China.

One of the key modifications to these rules involves the introduction of a new “performance threshold” applied to chips that can be exported from the United States.

Until now, export regulations have focused primarily on high-performance chips produced by major companies, such as Nvidia and AMD, allowing these companies to export lower-capacity models to China, such as Nvidia’s A800 and H800.

However, the updated rule expands these restrictions, including the A800 and H800 chips in the export ban to China. The country represents one of the most important markets for Nvidia, along with Taiwan and the United States.

In addition, the rule establishes the obligation to notify the export of “certain additional chips” that fall just below the performance threshold, leaving the final decision in the hands of the government.

Along with the new performance threshold, the BIS has published a framework to prevent evasion of these rules, which includes the introduction of a global licensing requirement for the export of controlled chips to countries under US embargo, the creation of additional alerts to identify restricted chips, imposing a notification requirement for the export of high-performance gaming chips, and soliciting public comments on various related matters.

Additionally, the administration intends to monitor the export of equipment and materials used in the manufacturing of high-performance chips.

According to the notice, these regulations will come into effect from November 16, 2023, and a period of 60 days will be given for the public to submit comments on the same.

These updates to export conditions come at a time when Chinese tech company Baidu announced the launch of version 4.0 of its AI chatbot, Ernie, which claims to compete with OpenAI’s ChatGPT model.

K. Tovar

Source: Cointelegraph

(Reference image source: Brian Kostiuk, Unsplash)

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La entrada The US reinforces restrictions on the sale of AI chips to China apareció primero en Bitfinance.

The United States Congress announced that it will discuss three projects aimed at establishing the first regulatory framework for the responsible use of cryptocurrencies in the country, as reported by Chainalysis.

The country seeks to establish the first regulatory framework for digital currencies, focused on their responsible use. The three projects that will be analyzed by Congress include the regulation of stablecoins, tax exemptions for small personal transactions and the implications for national security.

Stablecoin regulation

Stablecoins are the focus of analysis by the US Congress following unfortunate events like the collapse of Terra USD. The bill seeks to prevent further crashes like this one and safeguard the funds of users of cryptocurrency exchange platforms. One of the congressmen who has advocated the most for a regulatory framework is Republican Patrick McHenry.

Tax exemptions for small personal transactions

In February of this year, Congresswoman Suzane DelBene submitted to Congress a proposal for the Virtual Currency Fiscal Equity Act. The goal she proposes is to “simplify the use of digital assets for everyday purchases by creating a tax exemption for personal transactions of $200 or less.” The result could be a “much broader adoption of cryptocurrencies in everyday transactions.”

National security

An unavoidable aspect is the analysis of cryptocurrencies and their adoption in the United States. In this sense, reference must be made to the National Defense Authorization Act (NDAA), which in its version approved last July includes aspects related to cryptocurrencies. In the document, some congressmen “presented a provision that requires notification to Congress of State Department rewards paid with cryptocurrencies. Likewise, the Treasury Department would be obliged to enact special measures” against international persons or entities involved in the money laundering.”

The three projects mentioned must be discussed by Congress in its session on Monday, November 14, together with other issues such as tax fraud and blockchain technology.

M.Pino

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Source: morocotacoin

La entrada The United States will analyze three bills for cryptocurrencies apareció primero en Bitfinance.

The President of Russia, Vladimir Putin, granted Russian citizenship to Edward Snowden, the former US intelligence analyst wanted by US Justice for leaking to Wikileaks abundant information about the National Security Agency (NSA).

The Russian president signed a decree, collected by the official Government Legal Information portal, in which he grants citizenship to dozens of people, including Snowden, a 39-year-old American.

Snowden is wanted by the United States Justice after in 2013 he leaked numerous secret documents in which different espionage techniques carried out by the National Security agency were revealed, including illegal wiretapping of international political leaders.

Once he fled the United States, his first destination was Hong Kong, although he later ended up in Russia. In 2014 he received a first residence permit that, years later, would be extended indefinitely.

K. Tovar

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Source: CNN

La entrada Edward Snowden is now a Russian citizen apareció primero en Bitfinance.

The veto of Chinese technology companies continues. The United States Department of Commerce added a dozen new Chinese technology companies to its “blacklist” by blocking them commercially on the grounds of national security, as did the administration of former President Donald Trump with Huawei.

The information was provided by Gina Raimondo, Secretary of Commerce, in a statement where she states: “World trade must support peace, prosperity and well-paying jobs, not risks to national security.”

The new preliminary list includes a total of 27 organizations from China, Japan, Pakistan and Singapore. It also highlights that some of these companies are based in China and Pakistan and have identified relationships with “nuclear and ballistic missile programs”. Chinese companies, in particular, “would be contributing to military technology projects for quantum computing for the Chinese army.

Control measures

Chinese companies joining the veto are Hangzhou Zhongke Microelectronics Co., Ltd., Hunan Goke Microelectronics, Corad Technology Limited, New H3C Semiconductor Technologies Co., Ltd., Xi’an Aerospace Huaxun Technology, Yunchip Microelectronics, Hefei National Laboratory for Physical Sciences at Microscale, QuantumCTek Co, and Shanghai QuantumCTeck Co.

Perhaps these organizations do not have the global popularity of Huawei or Xiaomi, however, they have an important participation within the information technology and telecommunications sector that has allowed them to carry out projects with the military organizations of countries such as China and Pakistan.

M. Rodríguez

Source: fayerwafer

La entrada US continues to veto China’s tech companies apareció primero en Bitfinance.