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Crypto

Countries with high Bitcoin holdings share weak banking systems

El Salvador, Venezuela and Nigeria rank among countries where a high share of people have held Bitcoin, a survey-based Cornell University index found. The report said Bitcoin is used not just as a speculative asset but as a practical workaround for unstable currencies and limited access to banking and dollars. The study also found many respondents struggled to explain Bitcoin’s protocol, and 58 percent did not know its supply is capped at 21 million.

Crypto

Russia partly legalises crypto investment and trading, bars domestic payments

Russia will partly legalise cryptocurrency investment and trading from Sept. 1 local time under a new law, while keeping a ban on crypto payments inside the country. Residents will be able to buy digital assets through intermediaries licensed by the central bank, and exchanges must obtain new approval and meet capital requirements. Limits will apply to non-professional investors. The law also allows crypto use for international settlements by Russian firms.

AI & Enterprise

Telecoms tapped for Korea\'s \'AI for All\' project as infrastructure capability comes into focus

South Korea has completed the selection of operators for its government AI service project, \'AI for All\', aimed at the entire population. The Ministry of Science and ICT selected consortia led by SK Telecom and KT, and a Kakao-led group that includes LG Uplus. The ministry said evaluation focused on the ability to expand and operate the service, including infrastructure plans. The government will support 512 Nvidia B200 GPUs this year and plans additional cost support from next year.