I. France publishes guide to support businesses using artificial intelligence
Ⅱ.CFPB introduces new rules, several tech giants' payment services to be regulated
III. China and Hungary co-operate on payment platform linking Asia and Europe
IV. South Korean government seeks to increase tax breaks for chip companies
The French Ministries of Economy, Finance and Industry released a practical guide to artificial intelligence on 29th, aiming to help enterprises use artificial intelligence in their daily operations. According to the official website of the French Ministry of Economy, Finance and Industry, in response to the issues of safety, timeliness, cost and return on investment faced by enterprises when using AI, its General Directorate for Enterprises has released the Guide to Retrieving Enhanced Generation and four teaching materials.
(Source: news, November 30, 2024)
On 21 November 2024, the US Consumer Financial Protection Bureau issued a final version of a rule saying it will soon regulate non-bank companies that offer financial services such as payments and wallet apps.CFPB Director Rohit Chopra said digital payments have gone from being a novelty to a necessity, and that the updated regulatory rule will help protect consumer privacy , guard against fraud and prevent illegal account closures.
(Source: weiyang, November 25, 2024)
Two major Chinese and Hungarian digital payment technology providers have reached a co-operation agreement to connect Asia and Europe in the construction of a digital payment platform, with Minister of Foreign Affairs and Trade of Hungary Péter Szijjártó attending the agreement signing ceremony in Beijing on Tuesday.China's and Hungary's two largest digital payment technology providers, China Macau Pass and Hungary's Cardnet Group, have reportedly announced a strategic alliance to build the BRIDGE project.
(Source: mpaypass, December 2, 2024)
On 27 November, South Korea's finance minister said at a meeting that the South Korean government would work with the National Assembly to increase tax breaks for chip companies. The current tax rate for large chip companies is 15 per cent. The South Korean government also seeks to invest 4 trillion won by the end of 2030 to create an artificial intelligence computing centre.
(Source: Tencent, November 27, 2024)
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Editor：Ms. Li Shuang, Development Dep. I of AFCA
E-mail：lishuang@afca-asia.org
Tel: +86-10-58018299
