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FameEX Afternoon Crypto News Recap | April 18, 2023

2023-04-18 16:05:30

CBDC issuance being weighed by Israeli Central Bank amid growing stablecoin utilization
The Bank of Israel is developing an action plan in preparation for a potential launch of a Central Bank Digital Currency (CBDC), following in the footsteps of other countries like the US and EU. Although no final decision has been made, the Bank is closely monitoring the trend and taking necessary steps to be ready for the potential launch of a digital shekel.

Google CEO's Warning on Hasty AI Advancements Prompts EU Lawmakers to Push for AI Safety Measures
Twelve politicians from the European Union have signed a letter in support of the responsible development of AI, coinciding with Google CEO Sundar Pichai's caution against releasing powerful AI technology before society is ready for it. The letter highlights the importance of prioritizing human values, ethics, and transparency in the development of AI.

Crypto Evolution Enabled by AI: Boosting Safety, Trading Algorithms, and Efficiency
According to the article, the application of AI technology in the financial market could play a crucial role in resolving safety issues by detecting and preventing fraudulent activities. By leveraging AI systems, investors could benefit from improved protection of their investments, and the overall level of risk in the market could be lowered.

NYDFS Implements New Rule Requiring Annual Supervision Fees from Crypto Companies
The finance watchdog in New York has introduced a new regulation that mandates licensed crypto companies to pay for supervisory expenses, which could impede the industry's expansion despite its positive trend. This development coincides with enhanced regulatory scrutiny in the crypto market, which may present further hurdles for the industry. Nonetheless, the global crypto market is still demonstrating an optimistic trajectory.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.

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