FameEX Morning Crypto News Recap | August 29, 2023
Legislators Raise Concerns Over Federal Reserve's Stablecoin Guidelines, Citing Negative Impact on Legislative Advancements
US lawmakers oppose Federal Reserve's stablecoin regulations, stating they will discourage financial institutions from entering the digital asset ecosystem. They argue that the guidelines effectively block banks from issuing payment stablecoins or participating in that ecosystem.
UN Chief Antonio Guterres Urges Overhaul of 'Obsolete, Inefficient, and Inequitable' Global Financial Structure
UN Secretary-General Antonio Guterres highlighted the necessity for modernizing financial institutions to align with the current multilateral global landscape. At a BRICS leaders summit, he emphasized reforming the existing "outdated, dysfunctional, and unfair" financial system, encompassing institutions like Bretton Woods.
SEC Files Charges Against Impact Theory in Landmark NFT Lawsuit for Unregistered Token Sales
The SEC has filed charges against Impact Theory, a Los Angeles media company, alleging the unregistered sale of securities via crypto tokens. The case is significant as it's the SEC's inaugural lawsuit concerning an NFT offering, highlighting increased scrutiny on digital asset transactions.
OpenAI Introduces ChatGPT Enterprise — Offering 4 Times the Capability of the Consumer Version
OpenAI has launched ChatGPT Enterprise, an enhanced AI chatbot for businesses, boasting greater speed, security, and power. Providing unrestricted access to GPT-4 with double the performance speed, it can handle 32,000 token context windows for inputs, as detailed in an August 28th announcement.
Google Revises Service Policies to Align with EU Regulations
Major internet platforms, including Google, must adapt service policies to EU standards outlined in the Digital Services Act by August 28. Google intends to align its policies with the European Union's Digital Services Act, as revealed in an August 24 blog post.
Expert Views Oil Industry Giants' BRICS Inclusion as Strategic Triumph for China and Russia
Adding oil giants like Saudi Arabia, UAE, Iran, Argentina, Egypt, and Ethiopia as BRICS members is hailed by a German expert as a strategic triumph for China and Russia. The move was revealed during the annual BRICS summit, expanding the economic bloc's influence.
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