Legal & Regulatory
Hong Kong Cracks Down Fake Crypto Exchange Using Elon Musk Deepfakes to Trick Investors
The public has been cautioned by the Hong Kong Securities and Futures Commission (SFC) about Quantum AI, an organization that is suspected of carrying out fraudulent activities involving virtual assets and pretending to be Elon Musk.
UK's Former Chancellor Nadhim Zahawi Settles $6 Million Tax Error Payment
Former UK Chancellor Nadhim Zahawi admitted paying nearly £5 million to authorities to resolve tax affairs following an inquiry into a multi-million-pound settlement with HMRC over YouGov shares, maintaining it was non-deliberate.
Social Security Expansion Could Allow Food Stamp Recipients to Automatically Qualify for SSI Benefits
New Social Security Administration regulations aim to boost benefits and redefine assistance criteria, potentially alleviating financial burdens for millions of SSI and SNAP benefits recipients.
Federal Reserve President Says US Economy Likely Slowing Down — Does This Hint at a Possible Interest Rate Cut Soon?
Atlanta Federal Reserve President Raphael Bostic has reportedly indicated that the US economy is likely slowing down, which could prompt interest rate cuts this year.