Dubai Virtual Assets Regulatory Authority: Willing to consider interoperability with Hong Kong if business is suitable
according to Hong Kong media Ming Pao, Deepa Raja Carbon, Managing Director and Deputy Chairman of the Dubai Virtual Asset Regulatory Authority (VARA), said that after experiencing turbulence, people in the virtual asset industry hope for clear regulations, which is why international exchanges are developing business in Dubai. Hong Kong and Dubai have very similar DNA, and regulatory coordination between regions is not necessary for virtual assets, but it is very important because many virtual asset fraud cases do not occur in a single region. Dubai and Hong Kong's regulatory departments are closely connected, and they appreciate the way Hong Kong regulates and handles issues. As long as the transactions or business are suitable for development in the region, they are willing to consider opportunities for mutual exchange.
Tether CEO shows a preview of the privacy-focused Tether Local AI development kit, with plans to open source it later
On October 27th, Tether CEO Paolo Ardoino posted on X platform stating that a preview of Tether's local artificial intelligence development kit, Local AI, was showcased at the Lugano Plan ₿ event yesterday. The kit focuses on privacy and is supported by peer-to-peer technology, allowing code to be written once and run anywhere, from a $40 smartphone to a flagship smartphone, from a laptop to a large machine with many H100s, from a smart fridge to a car entertainment system. Tether's AI SDK is highly modular, supporting any model (Marian, Llama, etc.) and loading/storing weights and fine-tuning data in a P2P data structure, with plans to be open-sourced after being tested in real-world scenarios.