regulation
New York City Comptroller Urges Anthropic to Delay IPO Over AI Risks
Mark Levine has asked Anthropic CEO Dario Amodei to hold off on the company's stock market listing until it addresses safety, development pace and corporate governance risks.
CBA and Bank of New York Mellon Discuss Expanding Cooperation
The head of Azerbaijan's Central Bank, Taleh Kazimov, and BNY Mellon Vice Chairman Hani Kablawi held talks on prospects for interaction on the sidelines of the World Bank and IMF meetings.
Patrick Witt Steps Down as Head of White House Crypto Council
Patrick Witt, executive director of the President's Council of Advisers on Digital Assets, has left his post after his temporary appointment expired. This marks the third high-level departure from the administration's crypto team.
Aliyev Establishes 'Digital Communication' Information System
Azerbaijan's President Ilham Aliyev signed a decree creating the 'Digital Communication' information system and approved its regulations. The Ministry of Digital Development and Transport is designated as the owner, and the Agency for Information and Communication Technologies as the operator.
CBA: Azerbaijan not yet ready for high bank concentration
Central Bank of Azerbaijan CEO Shahin Mahmudzade said the country is not ready for a high level of concentration in the banking sector, although the indicator has declined over the past four years.
Scientists from 34 countries call for international AI safety watchdog
About 400 researchers, including Geoffrey Hinton and Yoshua Bengio, are urging the creation of an international regulator to oversee the safety of advanced AI systems.
Azerbaijan Finalizes Methodology on Crypto Assets
The crypto assets document is in the final stage of coordination with government agencies and may be submitted to parliament for discussion before the end of the year.
Azerbaijan's Central Bank Tightens Credit Risk Assessment Rules
The Central Bank of Azerbaijan has revised its credit risk rules, amending three documents. The new requirements concern asset classification, reserves and risk management in banks.
Azerbaijan's Central Bank Eases Criteria for Assessing Financial Difficulties on Daily Microcredits
Overdue payments exceeding 90 days on daily microcredits will no longer be assessed under the 20% criterion when determining a borrower's financial difficulties. The decision was signed by Central Bank Chairman Taleh Kazimov.
Turkey to Restrict Social Media for Children Under 15 Starting November 1
Turkey's Cybersecurity Directorate has published a regulation banning social media platforms from serving children under 15. For teenagers aged 15–18, a separate mode with enhanced safety measures will be introduced.
Azerbaijan Drafts Rules for AI Use in Government Agencies
Azerbaijan's State Service for Special Communication and Information Security has begun drafting rules for the use of artificial intelligence in government agencies and requirements for its implementation.
Azerbaijan Changes Reporting Threshold for Electronic Transfers
From January 1, 2027, financial institutions will report transactions of 20,000 manats or more to the Financial Monitoring Service, while for individuals the threshold will be 50,000 manats per month.
Azerbaijan Changes Calculation of Electronic Transfer Threshold
From 1 October, the minimum threshold for electronic money transfers that financial institutions must report to the Financial Monitoring Service will be calculated on a calendar-year basis.
Azerbaijani MP Proposes Law on AI and Social Media
MP Jeyhun Mammadov, at the first session of the parliament's autumn session, proposed a law regulating artificial intelligence and social networks.
Azerbaijan Lawmaker Proposes Bill to Regulate Social Media
Milli Majlis deputy Hikmet Mammadov called for a single law defining social networks' responsibility for violating the country's digital sovereignty.
Azerbaijan Raises Export Duty on Screws, Bolts and Nuts
Azerbaijan's Cabinet of Ministers has increased the customs duty on exports of screws, bolts and nuts from $15 to $300 per tonne by the end of 2029.
Zuckerberg Opposes Slowing AI Development
Meta co-founder Mark Zuckerberg has called for involving independent experts to assess the safety of AI models instead of slowing down the entire industry.
Musk and Altman Back Amodei's Call to Slow AI Development
Elon Musk and Sam Altman agreed with Dario Amodei's concerns about AI risks. Amodei called for slowing the development of advanced technologies.
US House Speaker Urges Caution on AI Regulation
Mike Johnson said that hasty decisions on AI regulation could lead to losing the race with China, and called for a balance between oversight and support for innovation.
Azerbaijan to Integrate AI into Food Safety System
AI-based analysis and programming methods will be applied in the AQTİS food safety automated information system, as stipulated by the state program on food security for 2027–2032.
Binance: Azerbaijan's Crypto Market Is Ready for Growth
A Binance survey of over 500 users in Azerbaijan reveals an experienced audience and a demand for clear regulation.
UN: AI Could Threaten Humanity's Existence
UN High Commissioner for Human Rights Volker Türk warned of the risks artificial intelligence poses to humanity and called for international agreements on 'red lines'.
First Cryptocurrency Confiscation in Azerbaijan Reflects Stricter Regulation of Digital Assets
Azerbaijan has confiscated cryptocurrency for the first time, setting a legal precedent for virtual assets. What does this case mean for crypto regulation, investors, and the country's fintech sector?
Politics Becomes a Driver for Cryptocurrencies: Bitcoin Rises Ahead of Trump Meeting
Bitcoin rose 6.1% to $68,517 as the market prices in a potential shift in U.S. regulatory policy following Trump's meeting with crypto leaders and the SEC's softened stance.