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AI & Enterprise

K-Moonshot project stumbles at start as AI scientist program director offers to resign

South Korea\'s K-Moonshot project, aimed at applying AI to science and technology to solve national challenges, faces an early setback after a mission program director offered to resign. The science ministry said the resignation came for personal reasons and is expected to be accepted after the deputy prime minister returns from an overseas trip. The ministry plans to proceed without recruiting a successor and has outlined governance and conflict-of-interest controls for program directors.

Crypto

Nepal crypto trading rises despite ban; IMF urges faster regulation

The International Monetary Fund said crypto-related flows in Nepal have risen sharply despite a legal ban, and urged the country to strengthen oversight and build a regulatory framework. In an annual consultation report, the IMF flagged growing stablecoin and unsecured crypto flows from 2019 to 2024 and estimated significant cross-border activity. It called for rules aligned with international standards and urged Nepal to complete its FATF implementation plan and exit the grey list.

Crypto

U.S. banks call for stablecoin rules to cover secondary market trading

U.S. banking groups have urged regulators to clearly extend anti-money laundering rules for stablecoins beyond issuance to secondary market trading. The crypto industry has pushed back, warning that imposing responsibility for transactions issuers cannot control could shrink the DeFi ecosystem. The debate centres on who should monitor transfers after issuance, including movements between exchanges, DeFi protocols and private wallets, and how far regulatory responsibility should reach.