The CEO of OpenAI, Sam Altman, believes that regulation for small language models powered by Artificial Intelligence (AI) "does not make sense" and is committed to regulating large models such as, in this case, ChatGPT, because they are "those who can really do harm."
This was expressed by the…
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OpenAI: “ChatGPT could cause a lot of damage”
The CEO of OpenAI, Sam Altman, expressed his concern that his ChatGPT system could cause "significant damage to the world" and believes that misuse of this technology, in the absence of a solid regulation that regulates it, could have…
Cryptocurrency companies in Europe must declare user assets
The European Council, in its search to reduce the administrative burdens generated by cryptocurrencies, will extend to exchanges the obligation to declare user assets, such as bitcoin, stablecoins and NFTs.
EU finance ministers are…
Binance considers the UK as an alternative to the US
During a recent interview, Patrick Hillmann, Binance's Chief Strategy Officer (CSO), expressed his opinion that the current regulatory environment in the United States is posing significant challenges for cryptocurrency companies. He argued…
Germany calls for early EU regulations for artificial intelligence
The German Minister for Transport and Digitization, Volker Wissing, called for the rapid development of legal rules for the application of artificial intelligence (AI) in the European Union.
"We must react sensibly now and regulate…
Cryptocurrency companies struggle to access banking services in the UK
Cryptocurrency businesses face multiple difficulties in accessing banking services in the UK. According to various sources, the few banks that still work with cryptocurrencies are increasingly requesting more documentation and information…
Belgium to review all cryptocurrency advertising
The risks that cryptocurrency transactions entail for those who do not have information about this market have led Belgium to join the supervision of all publicity on the subject.
The measure was taken a week ago and announced in a…
Circle CEO says SEC is not the appropriate regulator for stablecoins
Jeremy Allaire, CEO of Circle, one of the leading cryptocurrency companies in the United States, expressed his opinion on the regulation of stablecoins by the United States Securities and Exchange Commission (SEC).
Allaire believes that…
UK takes action against cryptocurrency ATMs
UK regulators are cracking down on cryptocurrency ATMs across the country, in a bid to prevent fraud and protect consumers. ATMs allow users to buy and sell digital currencies for cash.
However, the Financial Conduct Authority (FCA)…
Bank of England believes digital pound can coexist with private stablecoins
The Bank of England expressed its belief that the digital pound can coexist with private stablecoins. The Bank reportedly indicated that the digital pound could be supplemented with private stablecoins in a digital payment system.
In an…
Brazil and Mexico lead the regulation of the fintech sector in Latin America
Regulation of the fintech market is a priority for Latin America. Mexico and Brazil stand out as pioneers in this area.
Both nations, one in the north and the other in the south of the continent, are advancing in terms of fintech…
Supreme Court of Panama decides the future of the local crypto industry
The Supreme Court of Panama is in the eye of the hurricane, as it is tasked with deciding the future of the local crypto industry. The President of Panama, Laurentino Cortizo, sent Bill No. 697, known as the "crypto bill", to the Supreme…