Hong Kong’s proposed crypto licensing overhaul has drawn criticism from industry leaders, who warn it could disrupt compliant firms and deter blockchain exposure.
Under the proposals, the existing allowance enabling firms to allocate up to 10% of fund assets to crypto without additional licensing would be removed. Even minimal exposure would require a full licence, a move the association called disproportionate and harmful to market experimentation.
Concerns also focused on the absence of transitional arrangements. Without a grace period, firms may be forced to suspend operations while licence applications are reviewed.
The association proposed a six- to 12-month transitional window to allow continued activity during regulatory processing.
Further criticism focused on custody rules restricting client assets to SFC-licensed custodians. Industry representatives warned the measure could limit access to early-stage tokens, restrict Web3 investment, and impose unnecessary geographic constraints.
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Anthropic chief executive Dario Amodei has criticised the US decision to allow the export of advanced AI chips to China, warning it could undermine national security. Speaking at the World Economic Forum 2026 in Davos, he questioned whether selling US-made hardware abroad strengthens American influence.
Amodei compared the policy to ‘selling nuclear weapons to North Korea‘, arguing that exporting cutting-edge chips risks narrowing the technological gap between the United States and China. He said Washington currently holds a multi-year lead in advanced chipmaking and AI infrastructure.
Sending powerful hardware overseas could accelerate China’s progress faster than expected, Amodei told Bloomberg. He warned that AI development may soon concentrate unprecedented intelligence within data centres controlled by individual states.
Amodei said AI should not be treated like older technologies such as telecoms equipment. While spreading US technology abroad may have made sense in the past, he argued AI carries far greater strategic consequences.
The debate follows recent rule changes allowing some advanced chips, including Nvidia’s H200 and AMD’s MI325X, to be sold to China. The US administration later announced plans for a 25% tariff on AI chip exports, adding uncertainty for US semiconductor firms.
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The UK government has appointed two senior industry figures as AI Champions to support safe and effective adoption of AI across financial services, as part of a broader push to boost growth and productivity.
Harriet Rees of Starling Bank and Dr Rohit Dhawan of Lloyds Banking Group will work with firms and regulators to help turn rapid AI uptake into practical delivery. Both will report directly to Lucy Rigby, the Economic Secretary to the Treasury.
AI is already widely deployed across the sector, with around three-quarters of UK financial firms using the technology. Analysis indicates AI could add tens of billions of pounds to financial services by 2030, while improving customer services and reducing costs.
The Champions will focus on accelerating trusted adoption, speeding up innovation, and removing barriers to scale. Their remit includes protecting consumers, supporting financial stability, and strengthening the UK’s role as a global economic and technology hub.
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Indirect crypto securities holdings across Dutch households, institutions, and companies have expanded sharply over the past five years, according to central bank data. The increase reflects wider use of exchange-traded products linked to digital assets, while overall exposure remains limited.
Total indirect investments climbed from around €81 million at the end of 2020 to €1.2 billion by October 2025. Even with that increase, crypto-linked securities remain marginal, accounting for just 0.03% of overall securities holdings in the Netherlands.
Value growth has largely reflected rising prices of underlying crypto-assets rather than widespread new investment. Bitcoin, for example, recorded substantial gains before experiencing a sharp decline in late 2025, which influenced the valuation of related products.
Households hold the largest share of crypto ETFs and ETNs, while pension funds dominate crypto treasury shares. Holdings are highly concentrated, with seven foreign-issued securities accounting for roughly 70% of total Dutch indirect crypto exposure.
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Russia’s telecom watchdog is preparing to expand its use of AI to monitor and restrict access to prohibited online content, a move expected to affect parts of the cryptocurrency ecosystem.
Roskomnadzor plans to invest more than 2 billion rubles in machine-learning tools designed to analyse internet traffic and improve enforcement against banned websites and VPN services. Blocking activity has already accelerated, with hundreds of VPNs and more than a million websites restricted during 2025.
Industry observers warn that stronger filtering could disrupt access to foreign-based crypto exchanges, mining pools, and information services. Major platforms are not currently blocked, but wider AI use is expected to accelerate detection of mirror sites and circumvention tools.
Regulatory changes under discussion could further reshape market access. Proposals would allow licensed domestic institutions to handle crypto transactions while imposing separate rules on specialised exchanges, potentially limiting the operations of foreign providers.
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UK regulators and the Treasury face MP criticism over their approach to AI, amid warnings of risks to consumers and financial stability. A new Treasury Select Committee report says authorities have been overly cautious as AI use rapidly expands across financial services.
More than 75% of UK financial firms are already using AI, according to evidence reviewed by the committee, with insurers and international banks leading uptake.
Applications range from automating back-office tasks to core functions such as credit assessments and insurance claims, increasing AI’s systemic importance within the sector.
MPs acknowledge AI’s benefits but warn that readiness for large-scale failures remains insufficient. The committee urges the Bank of England and the FCA to introduce AI-specific stress tests to gauge resilience to AI-driven market shocks.
Further recommendations include more explicit regulatory guidance on AI accountability and faster use of the Critical Third Parties Regime. No AI or cloud providers have been designated as critical, prompting calls for stronger oversight to limit operational and systemic risk.
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Adobe says generative AI is rapidly reshaping India’s creator economy, with 97% of surveyed creators reporting a positive impact. Findings come from the company’s inaugural Creators’ Toolkit Report covering more than 16,000 creators worldwide.
Adoption levels in India are among the highest globally, with almost all creators reporting that AI tools are embedded in their daily workflows. Adobe is commonly used for editing, content enhancement, asset generation and idea development across video, image and social media formats.
Despite enthusiasm, concerns remain around trust and transparency. Many creators fear their work may be used to train AI models without consent, while cost, unclear training methods and inconsistent outputs also limit wider confidence.
Interest in agentic AI is also growing, with most Indian creators expressing optimism about systems that automate tasks and adapt to personal creative styles. Mobile devices continue to gain importance, with creators expecting phone output to increase further.
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Exiger has launched a free online tool designed to help organisations identify links to forced labour in global supply chains. The platform, called forcedlabor.ai, was unveiled during the annual meeting of the World Economic Forum in Davos.
The tool allows users to search suppliers and companies to assess potential exposure to state-sponsored forced labour, with an initial focus on risks linked to China. Exiger says the database draws on billions of records and is powered by proprietary AI to support compliance and ethical sourcing.
US lawmakers and human rights groups have welcomed the initiative, arguing that companies face growing legal and reputational risks if their supply chains rely on forced labour. The platform highlights risks linked to US import restrictions and enforcement actions.
Exiger says making the data freely available aims to level the playing field for smaller firms with limited compliance budgets. The company argues that greater transparency can help reduce modern slavery across industries, from retail to agriculture.
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Several major AI companies appear slow to meet EU transparency obligations, raising concerns over compliance with the AI Act.
Under the regulation, developers of large foundation models must disclose information about training data sources, allowing creators to assess whether copyrighted material has been used.
Such disclosures are intended to offer a minimal baseline of transparency, covering the use of public datasets, licensed material and scraped websites.
While open-source providers such as Hugging Face have already published detailed templates, leading commercial developers have so far provided only broad descriptions of data usage instead of specific sources.
Formal enforcement of the rules will not begin until later in the year, extending a grace period for companies that released models after August 2025.
The European Commission has indicated willingness to impose fines if necessary, although it continues to assess whether newer models fall under immediate obligations.
The issue is likely to become politically sensitive, as stricter enforcement could affect US-based technology firms and intensify transatlantic tensions over digital regulation.
Transparency under the AI Act may therefore test both regulatory resolve and international relations as implementation moves closer.
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New US tariffs on advanced AI chips are drawing scrutiny over their impact on global supply chains, with South Korea monitoring potential effects on its semiconductor industry.
The US administration has approved a 25 percent tariff on advanced chips that are imported into the US and then re-exported to third countries. The measure is widely seen as aimed at restricting the flow of AI accelerators to China.
The tariff thresholds are expected to cover processors such as Nvidia’s H200 and AMD’s MI325X, which rely on high-bandwidth memory supplied by Samsung Electronics and SK hynix.
Industry officials say most memory exports from South Korea to the US are used in domestic data centres, which are exempt under the proclamation, reducing direct exposure for suppliers.
South Korea’s trade ministry has launched consultations with industry leaders and US counterparts to assess risks and ensure Korean firms receive equal treatment to competitors in Taiwan, Japan and the EU.
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