El Salvador’s Congress has quickly approved a reform to its bitcoin law, aligning it with a recent agreement with the International Monetary Fund (IMF). The amendment, proposed by President Nayib Bukele and passed within minutes, makes bitcoin acceptance voluntary for businesses. Lawmakers from Bukele’s New Ideas Party, who hold a majority in Congress, ensured the bill’s swift passage.
Bitcoin was declared legal tender in El Salvador in 2021 alongside the US dollar, drawing international attention and strengthening Bukele’s reputation as a cryptocurrency advocate. However, an IMF-backed $1.4 billion loan deal, finalised in December, required limits on the government’s bitcoin exposure.
The lender specifically urged El Salvador to make bitcoin acceptance optional for the private sector, a key aspect of the newly approved law.
Ruling party lawmaker Elisa Rosales defended the reform, arguing it would secure bitcoin’s status as legal tender while ensuring its effective implementation. The law passed with 55 votes in favour and only two against.
Bukele’s government remains committed to bitcoin, recently confirming plans to continue acquiring the cryptocurrency for national reserves. Market optimism surrounding cryptocurrency policies under US President Donald Trump has contributed to bitcoin’s rising value.
Ireland’s Data Protection Commission (DPC) has asked Chinese AI company DeepSeek to clarify how it processes the personal data of Irish users. The request comes as part of ongoing efforts to ensure compliance with European data protection laws.
Unlike major US tech firms that base their EU operations in Ireland, DeepSeek has not designated the country as its European headquarters. This means the company does not fall under the same oversight framework as other large technology firms, prompting the regulator to seek direct answers on its data handling practices.
The DPC’s inquiry highlights the increasing scrutiny of foreign tech companies operating in Europe, especially those dealing with sensitive user information. As concerns over privacy and data security continue to grow, regulators are expected to tighten enforcement to ensure adherence to strict EU data protection laws.
Crypto.com will stop supporting Tether’s USDT for European users by 31 January, aligning with the EU’s Markets in Crypto-Assets (MiCA) regulations. The exchange recently secured a MiCA licence in Malta, allowing it to operate across the region, but compliance rules require removing certain non-compliant assets. Alongside Tether, Crypto.com will also delist Dai, Wrapped Bitcoin, Pax Gold, Pax Dollar, and its derivative tokens.
Users have until 31 March to convert these assets to MiCA-compliant alternatives. If not, they will be automatically switched to a stablecoin or asset of similar value. A Crypto.com spokesperson confirmed the decision only applies to EU customers and urged them to take action before the deadline.
This move makes Crypto.com the second major exchange to remove USDT in Europe, following Coinbase’s delisting last year due to MiCA’s stricter stablecoin rules. While Tether has taken steps to align with the new regulations, the future of its $138 billion stablecoin within the EU remains uncertain.
Figure AI has announced the creation of the Centre for the Advancement of Humanoid Safety, a new initiative aimed at ensuring humanoid robots can operate safely in workplaces. Led by former Amazon Robotics safety engineer Rob Gruendel, the centre will focus on testing AI-controlled robots for stability, human detection, and navigation to minimise accidents.
The rise of humanoid robots in warehouses and factories has sparked concerns about their potential risks. Unlike traditional industrial robots, which were confined to cages, these machines move freely among workers, raising safety questions. Existing solutions, such as Amazon’s wearable safety vest and Veo Robotics’ vision-based systems, have helped, but regulation remains largely absent.
Figure AI plans to release regular safety reports detailing its progress, testing methods, and solutions for potential hazards. As companies push to integrate humanoid robots into daily operations, and eventually, into homes, the need for clear safety standards is becoming increasingly urgent.
The Czech National Bank is evaluating whether to include bitcoin in its reserves, Governor Aleš Michl revealed. No immediate decision is expected, but if approved, the bank could allocate up to 5% of its €140 billion reserves to the cryptocurrency.
Michl, who has focused on diversifying reserves since taking office in 2022, has already increased gold purchases and shifted investments toward equities. He plans to present the bitcoin proposal to the bank’s board, acknowledging the asset’s volatility as a key consideration.
While some central banks remain sceptical about bitcoin’s role as a reserve asset, growing institutional adoption has fuelled debate. The European Central Bank continues to reject bitcoin, likening it to speculative bubbles, while Switzerland has seen calls for its central bank to hold bitcoin alongside gold.
Interest in bitcoin has surged, with its value more than doubling in 2024. BlackRock’s bitcoin exchange-traded funds and the US government’s new cryptocurrency initiatives have contributed to its rise, making it an increasingly attractive option for investors.
Google has appealed to the EU’s top court to overturn a record 4.3-billion-euro antitrust fine imposed seven years ago, arguing that the penalty punished the company for its innovation. The fine was originally levied by the European Commission, which accused Google of using its Android operating system to suppress competition by forcing manufacturers to pre-install Google Search, Chrome, and the Google Play store on devices. While the fine was later reduced to 4.1 billion euros by a lower court, Google maintains that its actions fostered competition, not hindered it.
During Tuesday’s hearing, Google lawyer Alfonso Lamadrid stated that the Commission failed to meet its legal obligations and relied on errors in law. Lamadrid defended Google’s agreements with phone manufacturers, insisting they were not anti-competitive, but rather beneficial to the market. The case centres on whether the European Commission acted appropriately in its investigation and decision to reshape markets through such penalties.
The judges of the Luxembourg-based Court of Justice of the European Union will make a final ruling in the coming months, with no further opportunity for appeal. In addition to this case, Google remains under scrutiny by EU regulators for its advertising business, with another major decision expected later this year.
Chinese AI startup DeepSeek has shaken the global AI industry with its low-cost, high-performance models, sparking mixed reactions among leading US developers. Its flagship AI assistant recently surpassed OpenAI’s ChatGPT as the most downloaded app on Apple’s US App Store. DeepSeek achieved this using Nvidia’s H800 chips, training its model for under $6 million—an astonishing contrast to the billions spent annually by US tech giants.
While some American AI experts acknowledged DeepSeek’s achievements, many remain unconvinced. OpenAI’s CEO, Sam Altman, praised the R1 model for its cost-effectiveness, but analysts noted that the $6 million figure only reflects the final training phase, with total development costs likely exceeding $1 billion. Nvidia viewed DeepSeek’s success as evidence of growing demand for its AI chips, despite US export controls aimed at slowing China’s progress.
US-based firms like Snowflake have already added DeepSeek models to their AI offerings, citing overwhelming customer interest. However, concerns about China‘s involvement in AI technology persist. DeepSeek’s decision to release its models as open source has drawn applause from industry leaders, highlighting a shift toward more accessible AI development.
With China’s advancements narrowing the gap in AI innovation, competition between US and Chinese firms intensifies. DeepSeek’s rapid rise is forcing industry players to rethink their strategies, while questions about scalability and long-term sustainability remain unanswered.
The CEO of Japanese IT giant NTT DATA has called for global standards in AI regulation to mitigate the risks posed by the rapidly advancing technology. Speaking at the World Economic Forum in Davos, Switzerland, Abhijit Dubey emphasised that inconsistent regulations could lead to significant challenges. He argued that standardised global rules are essential for addressing issues like intellectual property protection, energy efficiency, and combating deepfakes.
Dubey pointed out that the key to unlocking AI’s potential lies not in the technology itself, which he believes will continue to improve rapidly, but in ensuring businesses are prepared to adopt it. A company’s ability to leverage AI, he said, depends on the readiness of its workforce and the robustness of its data architecture.
He stressed that companies must align their AI strategies with their broader business objectives to maximise productivity gains. ‘The biggest issue isn’t the technology it’s whether organisations are set up to implement it effectively,’ Dubey noted.
The discussion at Davos highlighted the urgent need for collaboration among governments, businesses, and industry leaders to create cohesive AI regulations that balance innovation with risk management.
The UK government has demanded urgent action from major social media platforms to remove violent and extremist content following the Southport killings. Home Secretary Yvette Cooper criticised the ease with which Axel Rudakubana, who murdered three children and attempted to kill ten others, accessed an al-Qaeda training manual and other violent material online. She described the availability of such content as “unacceptable” and called for immediate action.
Rudakubana, jailed last week for his crimes, had reportedly used techniques from the manual during the attack and watched graphic footage of a similar incident before carrying it out. While platforms like YouTube and TikTok are expected to comply with the UK‘s Online Safety Act when it comes into force in March, Cooper argued that companies have a ‘moral responsibility’ to act now rather than waiting for legal enforcement.
The Southport attack has intensified scrutiny on gaps in counter-terrorism measures and the role of online content in fostering extremism. The government has announced a public inquiry into missed opportunities to intervene, revealing that Rudakubana had been referred to the Prevent programme multiple times. Cooper’s call for immediate action underscores the urgent need to prevent further tragedies linked to online extremism.
Meta’s new Ray-Ban smart glasses, featuring a Live AI assistant, promise a futuristic way to interact with the world. Users can ask questions about their surroundings, with the AI offering answers in real time. From recipe ideas to decorating advice, Live AI aims to be a virtual assistant that sees what you see and responds conversationally.
Despite its intriguing potential, Live AI struggles in everyday use. Its responses often state the obvious, like suggesting scrambled eggs when a fridge has two eggs and no milk. Users also find it challenging to remember to use the feature, with a smartphone search frequently feeling more practical and efficient. Moreover, the AI’s suggestions often lack the depth needed to be genuinely useful.
Making Live AI effective requires users to master the art of asking precise, specific questions a skill that doesn’t come naturally to everyone. This, combined with issues like misinterpreting conversations and a short battery life, makes the technology feel less magical in real-world scenarios. While the glasses point to a vision of hands-free AI, they currently struggle to provide a compelling alternative to existing devices.
