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Stablecoin issuers face new customer verification requirements under the US GENIUS Act

US financial regulators have proposed new rules requiring certain payment stablecoin issuers to implement bank-style customer identification programmes under the GENIUS Act framework. The proposal would classify permitted stablecoin issuers as financial institutions under the Bank Secrecy Act, expanding compliance obligations to include customer identity verification and anti-money laundering (AML) controls.

Under the joint proposal issued by the Federal Reserve and other federal financial regulators, issuers would be required to collect and verify key customer information, including names, addresses, dates of birth and identification numbers before opening accounts.

Issuers would also be required to adopt risk-based procedures that enable them to reasonably verify customer identities based on their business model, operational scale and onboarding processes.

Regulators clarified that customer identification requirements would apply only to direct relationships between users and issuers, including issuance, redemption, custody and reserve-management services. Secondary market transactions, including user transfers and intermediary activity, would generally fall outside these obligations due to enforcement limitations.

The proposal is now open for public consultation and forms part of wider discussions on the interaction between federal and state regulatory frameworks under the GENIUS Act.

Why does it matter?

The proposal marks another step in integrating stablecoins into the mainstream financial regulatory framework. By applying customer identification and anti-money laundering requirements at the issuer level, regulators are seeking to reduce financial crime risks while allowing stablecoins to operate as regulated payment instruments.

The distinction between direct issuer relationships and secondary-market transactions is also significant. It reflects an attempt to balance compliance requirements with the decentralised nature of blockchain networks, where peer-to-peer transfers and intermediary activity can be difficult to monitor directly. The outcome of the consultation could help shape the future regulatory architecture for digital dollars and influence stablecoin oversight in other jurisdictions.

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Oman launches mandatory national Bitcoin mining pool

Oman has introduced a mandatory state-backed Bitcoin mining pool under its digital asset strategy, requiring all licensed miners to operate through a single national platform. The initiative reflects a broader effort to formalise and centralise crypto mining within a regulated framework while expanding Oman’s industrial-scale digital economy.

The national pool, Omanhash.com, was launched by the Ministry of Transport, Communications and Information Technology in partnership with Frontier Technologies LLC and supported by infrastructure provider Enegix Global.

The platform is expected to aggregate substantial computing power, giving authorities greater visibility into mining output, energy consumption and Bitcoin production within the country.

The framework consolidates existing mining investments that have reached hundreds of millions of dollars in recent years, including large-scale data centre developments in the Salalah Free Zone.

Rather than restricting mining activity, the model integrates it into a controlled national framework designed to support regulatory oversight, reporting and compliance.

Industry participants describe the model as a sovereign mining framework already tested in other jurisdictions, where similar pool structures have been used to integrate taxation and compliance monitoring into mining operations.

Why does it matter?

Oman’s approach represents a notable evolution in how governments engage with cryptocurrency mining. Instead of treating Bitcoin mining as a largely private activity regulated from the outside, the country is integrating mining operations into a state-supervised framework that provides greater visibility over production, energy use and economic activity.

The initiative also raises broader questions about the future relationship between decentralised technologies and state governance. If similar models are adopted elsewhere, governments could gain a more active role in monitoring and shaping participation in blockchain networks while preserving the economic benefits associated with digital asset industries. The outcome may influence future debates on digital sovereignty, crypto regulation and the balance between decentralisation and regulatory oversight.

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China expands AI adoption across consumer economy

China’s Ministry of Commerce and seven other government departments have issued guidelines to accelerate the integration of AI into consumer markets.

The implementation document sets out 17 measures in five areas under an ‘AI plus consumption’ strategy. It aims to expand smart product consumption, support AI-enabled services and create new consumer scenarios.

For goods consumption, the guidelines call for a wider supply of AI products, upgrades to consumer electronics, household appliances and home products, and the development of smart wearable devices. They also promote AI-powered robots for elderly care, companionship and daily assistance.

For services, the measures encourage the use of AI in home services, elderly care, tourism, accommodation, catering and education. Examples include smart elderly-care facilities, AI-enabled tourism services and smart canteens in offices, schools and hospitals.

The guidelines also call for faster development of smart retail, deeper integration of AI with e-commerce and improved smart logistics networks at county, township and village levels. Authorities also want to expand delivery coverage in remote areas.

China will support ‘AI plus consumption’ clusters and AI experience centres, while encouraging rental, sharing and trial use of AI products in public venues. Local authorities are also encouraged to introduce subsidies for next-generation smart terminals and other AI-related consumer products under existing consumer goods trade-in policies.

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Greece and the European Commission strengthen AI cooperation for public services

Greece and the European Commission have reinforced cooperation on AI through a conference held during the BEYOND 2026 exhibition, bringing together policymakers, academics, technology experts and citizens to discuss the future of AI in Europe.

Speaking at the event, Minister of Digital Governance and Artificial Intelligence Dimitris Papastergiou emphasised the importance of responsible and innovative AI adoption to improve public services, drive digital transformation and strengthen Greece’s competitiveness.

European Commission Director-General for Translation Christos Ellinides outlined the EU’s approach to AI, highlighting initiatives that support innovation, multilingualism and digital transformation across member states.

Commission experts presented AI-powered multilingual services and digital tools designed to improve communication, accessibility and collaboration across the European Union. Discussions also explored the opportunities and challenges associated with AI deployment, while emphasising the importance of maintaining a human-centric approach to technological development.

The conference concluded with calls for closer cooperation between European institutions and national authorities to develop reliable, secure and human-centric AI systems. Organisers said the initiative reflects Greece’s commitment to advancing digital transformation and strengthening its role within the emerging European AI ecosystem.

Why does it matter?

The conference highlights how AI policy in Europe is increasingly being shaped through cooperation between EU institutions and national governments. As countries seek to deploy AI across public services, education and digital infrastructure, coordination will be important for ensuring interoperability, trust and compliance with European regulatory frameworks.

The event also reflects Europe’s broader approach to AI governance, which aims to balance innovation with safeguards related to transparency, security and fundamental rights. By promoting multilingual AI tools, citizen-centred services and cross-border collaboration, initiatives such as this support the EU’s wider objectives of digital sovereignty, competitiveness and inclusive digital transformation.

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Malta launches consultation on regulating decentralised finance under MiCA

Malta’s Financial Services Authority (MFSA) has launched a consultation on how decentralised finance (DeFi) could be incorporated into the European Union’s Markets in Crypto-Assets Regulation (MiCA), focusing on governance, accountability, and the practical definition of decentralisation.

The consultation reflects growing uncertainty over how existing crypto rules should apply to DeFi protocols that combine automated processes with varying degrees of human oversight and control.

Regulators note that while MiCA excludes services operating in a fully decentralised manner without intermediaries, many DeFi protocols retain centralised features such as administrator privileges, upgrade controls and concentrated governance structures.

The MFSA suggests that decentralisation should be assessed along a spectrum rather than treated as a binary concept, raising the possibility of a standardised assessment framework to determine whether a protocol falls within regulatory scope.

The paper also explores whether regulated crypto firms should be required to assess smart contracts, governance structures and risk-management frameworks before integrating DeFi protocols into regulated services.

Additional considerations include legal structures for decentralised organisations and oversight mechanisms such as automated ‘guardian agents’ designed to monitor compliance with predefined governance and predefined risk parameters.

Why does it matter?

The consultation targets one of the most unresolved areas in European crypto regulation: where decentralisation ends, and regulated financial activity begins. Without a clear and consistent definition, DeFi projects can fall into regulatory grey zones that create uneven enforcement across member states and complicate risk supervision for cross-border services.

Establishing whether decentralisation is treated as a spectrum could significantly reshape compliance obligations, determining which protocols must meet MiCA standards and which remain outside its scope, ultimately affecting innovation, investor protection, and regulatory certainty across the EU crypto ecosystem.

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OECD publishes AI literacy framework for schools

The Organisation for Economic Co-operation and Development (OECD) has published a new report, ‘Empowering Learners for the Age of AI‘, outlining an AI literacy framework for primary and secondary education.

According to the OECD, AI is becoming increasingly embedded in everyday digital life and is influencing civic, professional and social outcomes. The organisation argues that education systems must equip young people with the knowledge and skills needed to understand, evaluate and use AI responsibly.

The report defines AI literacy as a combination of knowledge, skills and attitudes that enable learners to understand how AI systems function, critically evaluate their outputs and use them ethically, responsibly and creatively.

The OECD said the framework outlines learning outcomes for primary and secondary students and is intended to support policymakers, educators, schools and families in fostering AI literacy both inside and outside the classroom. The report was published on 18 June 2026.

Why does it matter?

As AI becomes increasingly integrated into education, work, public services and everyday life, AI literacy is emerging as a foundational skill alongside traditional digital literacy. Understanding how AI systems operate, where their limitations lie and how their outputs should be evaluated will be important for informed participation in society and the economy.

The OECD framework also reflects a broader policy shift from focusing solely on access to technology toward developing the skills needed to use AI responsibly and critically. By providing a common reference point for educators and policymakers, the framework could help shape future curricula, teacher training programmes and national education strategies aimed at preparing students for an AI-enabled world.

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Digital Decade report showcases Spain’s progress in AI and connectivity

Spain has strengthened its position as one of the EU’s leading digital economies, according to the European Commission’s 2026 State of the Digital Decade report.

The assessment highlights Spain’s strong performance in connectivity, digital public services, AI adoption and digital skills, with the country outperforming the EU average across several key indicators.

The report notes that Spain remains a European leader in digital infrastructure. Spain has the highest share of internet connections delivering speeds of 100 Mbps or more and ranks second in fibre-optic coverage across the EU. Fibre networks now reach almost 96% of the population, while 5G coverage exceeds 99% nationwide and nearly 96% in rural areas.

The Commission also highlighted investments in submarine cables and connectivity programmes that have reinforced Spain’s role as a key digital gateway between Europe, Africa and Latin America.

Spain also continues to rank among the EU’s top performers in digital public services. The Commission cited improvements to the ‘Mi Carpeta Ciudadana’ platform, which expanded services and incorporated user feedback during 2025.

Spain also ranks among Europe’s best performers in prefilled administrative forms, helping citizens interact more efficiently with public authorities. Digital services for both citizens and businesses remain significantly above the EU average.

The report also highlights the growing adoption of advanced technologies by Spanish businesses. AI adoption among Spanish businesses increased from 11.3% in 2024 to 20.3% in 2025, slightly above the EU average.

Data analytics adoption reached 47.1%, while digitalisation among small and medium-sized enterprises continued to improve through initiatives such as Kit Digital, Kit Consulting and Acelera Pyme.

The Commission also highlighted Spain’s commitment to quantum technologies, cybersecurity resilience and digital skills development, with 66.5% of the population now possessing at least basic digital skills.

Why does it matter?

Spain’s performance illustrates how sustained investment in digital infrastructure, public services and innovation can translate into broader economic and technological competitiveness. High levels of fibre connectivity, widespread digital public services and growing AI adoption provide a foundation for productivity growth and support the country’s position within Europe’s digital economy.

The findings are also relevant to the EU’s broader ambitions around technological sovereignty. As Europe seeks to reduce strategic dependencies in critical technologies, countries such as Spain are becoming important contributors to the bloc’s digital capacity through investments in connectivity, cybersecurity, quantum technologies and digital skills. Continued progress in these areas will be important for meeting the EU’s 2030 Digital Decade objectives.

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Mavenir and Red Hat launch AI platform for telecom monetisation

Mavenir has announced an integrated AI platform developed with Red Hat that aims to help network operators monetise AI services through token-based consumption plans.

The platform is designed to allow operators to offer AI services in a manner similar to mobile data plans, with token-based usage billed through existing customer billing systems. Mavenir says operators will retain control over pricing, service-level agreements, and the models powering AI interactions.

According to Mavenir, the platform supports three operating models. Operators can use it to deliver their own branded AI services to subscribers, provide an AI infrastructure layer for AI grid deployments, or offer managed AI capabilities to enterprise customers on a token-based consumption basis.

The system uses Red Hat AI and Kubernetes infrastructure powered by Red Hat OpenShift. Mavenir says the architecture is designed to provide operators with a flexible, sovereignty-focused platform capable of running on-premises models and customised small language models for routine workloads.

The platform also supports policy-governed access to external frontier AI models for tasks requiring advanced reasoning or multimodal capabilities. Mavenir says operators can decide which model handles each request, who pays for it, and how it is billed.

Mavenir argues that operators can leverage existing billing and service-management systems to create new AI revenue streams, as token-based AI consumption mirrors familiar data-usage models. It said monthly AI token plans, enterprise quotas, and SLA-backed AI service tiers could create a new monetisation layer on top of connectivity.

The integrated AI platform combines Mavenir’s AI software platform with Red Hat’s enterprise Kubernetes and AI capabilities, delivered on validated hardware from third-party partners. The platform includes intelligent model routing, token optimisation, AI platform-as-a-service and MLOps capabilities, token charging, billing integration, closed-loop service assurance, zero-trust identity controls, and AI-specific security.

For enterprise customers, the platform enables operators to offer metered access to AI models, compute resources and AI tools as value-added services. For AI grid deployments, operators can use it as the compute and AI fabric for network-embedded AI applications and third-party workloads.

Operators can also use the platform to provide AI-powered products directly to subscribers, including AI assistant plans billed by token consumption, AI-enhanced network services, and operator-branded AI applications.

Mavenir says the platform is designed to support new AI revenue streams, predictable AI economics, data sovereignty, contractual SLAs for operator-managed AI services, and enterprise-grade security. The company will showcase the platform at DTW Ignite 2026 from 23 to 25 June.

Why does it matter?

Telecom operators are looking for ways to move beyond connectivity revenue as demand for AI services grows. Token-based billing could let operators package AI services in a familiar commercial model, using existing customer relationships, billing systems, and service-level agreements.

The announcement also points to a broader shift in AI infrastructure. By combining on-premises models, sovereign data controls, and selective access to frontier models, operators could position themselves as AI service providers for consumers, enterprises, and network-embedded applications rather than only as connectivity providers.

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New task automation tools arrive in ChatGPT

ChatGPT has expanded its Scheduled Tasks functionality with a dedicated management page and improved task creation and editing workflows. Users can now create both one-time and recurring tasks, including requests for notifications when relevant updates or changes occur.

Tasks can be created directly through conversation or via the sidebar’s Scheduled page, offering greater flexibility in how automated reminders are set. Notifications can be delivered through push alerts and email across supported web and mobile platforms, subject to user permissions and device settings.

Some limitations remain, including restricted access to project-stored files and certain workspace environments.

Users can view, edit, pause or delete scheduled tasks either through settings or directly within conversations. The number of active tasks available depends on subscription tier, ranging from three on entry-level plans to fifteen on higher-tier subscriptions.

Feature constraints also apply, with voice chats and GPT-based workflows not supported in task creation, while availability extends across supported models and platforms globally.

Why does it matter?

The expansion of scheduled tasks accelerates the integration of AI chatbots into everyday digital infrastructure, shifting them from on-demand assistants to continuous workflow tools embedded in personal and professional routines.

It also reinforces the broader trend of automation in knowledge work, where AI systems increasingly handle monitoring, reminders, and information tracking at scale, reshaping expectations around productivity and real-time decision support.

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EU’s 2026 State of the Digital Decade report highlights progress and remaining challenges

The European Commission’s 2026 State of the Digital Decade report shows that the EU continues to make progress towards its digital transformation goals, although significant structural challenges remain on the path to its 2030 targets.

The report highlights progress in digital infrastructure, business digitalisation and public services. Basic 5G coverage now reaches 96.8% of households, while nearly one in five businesses uses AI.

AI adoption accelerated significantly during 2025, increasing by 48% compared with the previous year. More than 60% of Europeans now possess at least basic digital skills.

Despite the progress, the Commission identified several areas requiring urgent attention. However, the EU currently accounts for only 9% of the global semiconductor market, well below its target of reaching 20% by 2030.

Europe also remains heavily dependent on non-EU cybersecurity suppliers and continues to face shortages of ICT specialists, particularly women in digital professions.

The report also revealed strong public support for digital sovereignty and technological self-reliance. According to a new Eurobarometer survey, most citizens support greater investment in local digital infrastructure, reduced dependence on foreign technologies and stronger regulation of AI.

Citizens also identified digital health, green technologies, connectivity and AI as areas likely to deliver the greatest benefits over the next decade.

Why does it matter?

The report provides one of the most comprehensive assessments of Europe’s progress towards its 2030 Digital Decade objectives and offers insight into the EU’s broader competitiveness agenda. Strong growth in AI adoption, connectivity and digital public services suggests that digital transformation is accelerating across the Union.

At the same time, the findings highlight persistent challenges related to technological sovereignty. Europe’s limited share of the global semiconductor market, continued dependence on foreign technology suppliers, and ongoing digital skills shortages could constrain its long-term competitiveness. As the EU increasingly links economic resilience, security and digital policy, addressing these gaps will be critical to achieving its 2030 ambitions and strengthening strategic autonomy in key technologies.

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