Meta, U.S. States Discuss Settlement in Teen Addiction Trial 
SoftBank Eyes $20 Billion Bond Sale to Refinance OpenAI Loan 
Xiaomi Unveils Xring O3 Chip for Flagship Foldable Phone 
Pinterest Stock Falls as CFO Julia Brau Donnelly Resigns 
Barclays Downgrades Renault as Cost Savings Challenges Grow 
The world’s biggest trees could hold the secret to coping with drought 
The importance of teaching students what AI can’t do 
Google Expands Gemini Enterprise With AI Tools for Legal Sector 
SK Hynix Shares Fall as Workers Reject Wage Deal 
New Zealand Moves to Ban Social Media for Children Under 16 
J.P. Morgan Upgrades Diploma, Lifts Price Target to 8,250p 
China opens new Arctic trade route – but obstacles will prevent its wider use 
Add as a preferred source on Google
The Australian Securities and Investments Commission (ASIC) is working with its regulatory counterpart, the Monetary Authority of Singapore (MAS), to attract financial technology (fintech) startups by offering them a deal.
ASIC and MAS will offer fintech startups from both countries a chance to be a part of a “sandbox.” This is a safe space where the regulators waive some of the usual harsh penalties for mistakes, in exchange for learning more about what regulations are needed to keep up with this fast developing area of the digital economy.
This deal comes as questions are raised about the security of the using technology like the Blockchain in finance, which is yet to fall under international standards.
The risks are clear but will ASIC’s collaboration bring rewards?
Jenni Henderson, Assistant Editor, Business and Economy, The Conversation
This article was originally published on The Conversation. Read the original article.
