FameEX Morning Crypto News Recap | September 1, 2023

SEC Extends Review Period for 7 Bitcoin ETFs, Seeking In-Depth Analysis
The U.S. SEC has deferred rulings on 7 Bitcoin ETF applications, involving Invesco, Wisdomtree, Bitwise, and more. This delay intends to facilitate an exhaustive assessment of the proposals, an emphasis evident in the statements issued on Thursday.

Enforcement of UK's Travel Rule Could Pause Specific Crypto Transfers
Following the UK's newly implemented Travel Rule for cryptocurrencies, crypto enterprises might begin pausing certain crypto transfers to conform with regulations by the Financial Conduct Authority. As of September 1, these guidelines require UK-based virtual asset service providers to collect, verify, and share information regarding crypto-asset transfers.


Kansas City Federal Reserve Observes Strong Growth of Crypto ATM Sector Despite Unethical Operators
Despite allegations of misconduct, the crypto ATM industry is prospering in the US, according to the Federal Reserve Bank of Kansas City. The report highlights a growing customer base and recommends enhancing cryptocurrency education to elevate user experiences.

US Authorities Prolong Export Restrictions on Nvidia AI Chip to 'Specified Middle Eastern Countries'
US authorities have requested Nvidia to restrict AI chip exports to particular Middle Eastern countries, impacting A100 and H100 chips that speed up machine learning, according to the company's recent quarterly report. The report, released on August 28, does not specify the countries affected by the regulations.

SWIFT Considers Blockchain Integration More Practical Than Central Bank Digital Currency Unification
SWIFT proposes integrating existing systems with blockchains as a short-term measure, favoring it over consolidating central bank digital currencies (CBDCs) and tokenized assets on a single ledger. SWIFT's report highlights its ability to enhance blockchain network interoperability through its connections.

Baidu and Other Tech Companies in China Introduce AI Chatbots Resembling ChatGPT
Following government approval, China's Baidu, Baichuan Intelligent Technology, SenseTime, and Zhipu AI have unveiled AI chatbots to the public. This action aligns with the recent enactment of AI legislation on August 15, requiring government authorization for AI product launches in the mass market.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.