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Lawmakers join growing push to create a 'digital dollar'
Nov 13,2023
Lawmakers have introduced a bill that would allow the US Treasury to create a digital dollar. The electronic dollar, a virtual representation of a US dollar, would allow people to make payments using tokens on mobile phones or through cards versus ca...
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Russia is likely using cryptocurrency to thwart sanctions
Nov 13,2023
US and European sanctions over the past week and a half have put the screws to the Russian government and its oligarchs who are likely using alternative methods to ferry their cash across borders. "We do believe it is very likely that Russian compani...
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California eyes law to protect workers from digital surveillance
Nov 13,2023
The California State Assembly is considering new rules that would offer workers greater protection from the use of digital monitoring tools by employers. The "Workplace Technology Accountability Act" (AB 1651), introduced by Assemblymember Ash Kalra,...
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US Copyright Office opens inquiry into laws needed to rein in genAI
Nov 13,2023
The US Copyright Office is seeking public input on copyright law and policy issues raised by generative AI and is assessing whether federal legislative or US government regulation are warranted. Generative AI (genAI) technology has been document...
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Borders closed. Can Australia's IT hiring bounce back?
Nov 13,2023
The coronavirus pandemic and the accelerated digital transformation in Australia together have put increased pressure on local talent as the border closure has prevented the country from hiring enough overseas talent. "This [acceleration of digital t...
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UK government's AI strategy to rely on existing regulations instead of new laws
Nov 13,2023
The UK government has today published a white paper outlining its plans to regulate general purpose artificial intelligence. The paper, published by the newly formed Department for Science, Innovation and Technology (DSIT), sets out guidelines for wh...
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Australia's digital competitiveness has fallen back
Nov 13,2023
Australia's digital competitiveness has declined for the third year in a row, according to the Institute for Management Development's World Digital Competitiveness Ranking which evaluates 64 countries. Australia dropped five places going from No. 15 ...
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Ukrainian IT industry says it's still open for business
Nov 13,2023
The IT Ukraine Association represents about 100 leading companies with 75,000 professional IT members between them in the country, which has become a near-shore haven for Western companies seeking skilled personnel, particularly relating to software ...
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How cryptocurrency is being used to funnel money to Ukraine
Nov 13,2023
Often maligned as a tool for illicit activities, Bitcoin, Ethereum and other cryptocurrencies have become something of a lifeline to Ukrainians as donors have been using the digital tokens to fund various war-related causes. More than 120,000 cryptoa...
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Biden issues executive order on crypto regulation, stablecoin proposal
Nov 13,2023
President Joe Biden has issued an executive order outlining a host of new potential regulatory policies for cryptocurrency and digital goods. The order urges a centralization of regulatory enforcement, in an attempt to move away from the current patc...
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For Gen Z, bank accounts and cash are out, mobile wallets are in
Nov 13,2023
Even as the US government is moving cautiously to regulate and adopt cryptocurrency, new surveys are showing that the use of traditional financial services, such as bank accounts and cash, is already waning - especially among younger customers. A sur...
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US Commerce Dept. unveils strategy for distributing CHIPS Act funds
Nov 13,2023
An announcement made this week by the US Department of Commerce detailed the agency's plans for distribution of$50 billion appropriated under the CHIPS and Science Act, which was signed into law last month by President Joe Biden. The Act is aimed pri...
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