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AI & Enterprise

Race to foster AI data centres; industry calls for deregulation and tax credits

Industry figures called for developing AI data centres as \"AI factories\" that produce computing resources, citing job creation and regional balanced development. At a forum hosted by the Korea Telecommunications Operators Association in Seoul, an SK Telecom executive urged attracting big tech AI computing demand and building domestic production hubs, while calling for deregulation and tax credits. Speakers also outlined planned sub-regulations for a special AI data centre law, including power-capacity criteria, streamlined permits and special zones outside the capital region.

Crypto

SEC draws over 100 comments on proposed crypto rules as airdrop provisions come under scrutiny

The U.S. Securities and Exchange Commission has received more than 100 comment letters on its proposed crypto rules and will keep accepting feedback after the deadline. The proposal would create exemptions for crypto fundraising, including a startup exemption up to $5 million over four years and a fundraising exemption up to $75 million over 12 months, and includes a safe harbor for when tokens stop being tied to investment contracts. Comments focus on airdrops, safe-harbor design, disclosure standards and an innovation exemption for on-chain trading of tokenized stocks.

Crypto

Interest surges after XRP launches official X account; Ripple president credits early developers

An official XRP account opened on X on Oct. 19, drawing reactions from Ripple executives and the XRP community. Ripple President Monica Long highlighted early developers and the community that built the ecosystem before XRP gained attention. The account’s first post drew rapid views, and CEO Brad Garlinghouse called it long-awaited. XRPL validator Hussein Zangana warned users about phishing attempts exploiting the situation.