WAO ART #287

Cryptocurrency regulations in South Africa have evolved in recent years, with the introduction of the Crypto Asset Declaration by the Financial Sector Conduct Authority (FSCA) in October 2022. This declaration outlined a comprehensive regulatory framework for crypto assets in the country.

Cryptocurrency exchange and Web3 developer OKX has launched a local crypto exchange and Web3 wallet platform in Brazil. The company aims to provide a gateway to decentralized finance (DeFi) and crypto trading with Brazilian real fiat-on ramp capabilities.

The average value of undeclared income in cryptocurrency in Japan dropped by 19% in 2022, according to the country's tax authorities. The National Tax Agency (NTA) conducted 615 investigations into citizens' crypto holdings based on their tax declarations, an increase from 444 in 2021.

Renowned investor and author Robert Kiyosaki, known for his book 'Rich Dad Poor Dad,' has warned his followers to buy Bitcoin, silver, and gold before it's too late. He believes that traditional money is losing value and that workers and savers are at a disadvantage.

European Central Bank President Christine Lagarde's son, in his thirties, invested in cryptocurrencies against her advice and lost almost all of his money. Lagarde, a critic of digital assets, expressed disappointment in her son's decision and previously discussed her unsuccessful attempts to dissuade him.

Australia is set to introduce significant reforms to the Reserve Bank of Australia (RBA) following a review conducted in April. The reforms aim to enhance the RBA's governance and policy-setting frameworks and will establish two distinct boards within the central bank.

The US, UK, Australia, and 15 other countries have released global guidelines to protect artificial intelligence (AI) models from tampering. The guidelines emphasize the need for AI models to be "secure by design".