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Crypto

Michael Saylor proposes five digital asset rights, calls for allowing financial firms to custody bitcoin

Michael Saylor said individuals and companies should be guaranteed five equal rights over digital assets, including creating, issuing, custody, transfer and use. He argued that in an AI-driven economy the United States should broaden capital-raising routes so 10,000,000 new companies can raise funds. Saylor also called for banks to be allowed to custody bitcoin and lend against it, criticised Basel rules, urged competition in stablecoin issuance and interest, and sought clearer transaction reporting thresholds.

AI & Enterprise

AI infrastructure boom fallout: data centre e-waste could pile up to 617 million tonnes by 2050

The spread of artificial intelligence could fuel a new electronic waste problem, with AI-related retirements of servers, GPUs and supporting power, cooling and networking equipment adding up to 395 million to 617 million tonnes by 2050, Basel Action Network estimates. The group says broader infrastructure should be counted, not just servers. It also highlights limited global recycling capacity and risks from informal processing, and notes the United States has not ratified the Basel Convention.

Finance

BIS says AI spread makes central bank policy criteria more complex

The Bank for International Settlements said the spread of generative AI is complicating monetary policy for central banks worldwide. It said AI is affecting price stability, full employment and financial stability at the same time, making existing policy criteria harder to apply. The BIS said AI is changing demand and supply and could drive investment booms, asset-price effects and labour-market shifts, while uncertainty raises the risk of policy misjudgments.