WAO ART #438

Former head of China's central bank digital currency initiative is under investigation for unspecified violations of discipline and law. Qian played a key role in developing and launching the digital yuan, which influenced other countries to explore their own central bank digital currencies.

The Connecticut Senate has passed a bill to regulate AI technology and curb bias and discrimination. The bill received support from Democrats but was opposed by Republicans. The legislation targets deepfakes, making it illegal to create and spread AI-generated or altered images and videos.

The EU has passed new anti-money laundering laws that apply to crypto companies. Crypto-asset service providers (CASPs) will have to verify customers' IDs and increase due diligence. Some worry that these regulations may cause crypto firms to leave Europe.

BNY Mellon invests in Bitcoin ETFs as institutional interest in cryptocurrencies grows. The SEC's approval of 11 spot Bitcoin ETFs earlier this year was a significant milestone for American crypto investors. The approval triggered a surge in the crypto market.

The European Union has allocated €245 million for educational projects in Africa. The funding will support academic mobility, vocational education, research, and girls' education. The announcement was made by European Commissioner Jutta Urpilainen at a high-level education event in Brussels.

Silvercorp Metals Inc is acquiring Adventus Mining in a $200 million deal. Each Adventus shareholder will receive 0.1015 of one Silvercorp share, a 31% premium. The acquisition aims to create a globally diversified mining company. Silvercorp will gain access to project in Ecuador.

Toll Aviation and ASU have partnered to create an NVG Centre in Australia. The centre will provide support and maintenance for Night Vision Goggles in the Oceania Region. The use of NVGs in civilian aviation has enhanced safety and operational capabilities.