Solana blockchain integrated into ChatGPT; The International Organization of Securities Commissions (IOSCO) presented a policy recommendation for cryptocurrencies; OKX awaits regulatory approval in France!
The Solana Foundation announced today that the Solana blockchain integrates artificial intelligence with the ChatGPT plugin developed by Solana Labs. With this, the Solana Foundation became the first Tier-1 blockchain in the crypto industry to integrate artificial intelligence into its platform.
In addition, the Solana Foundation will not only integrate artificial intelligence. The organization announced an AI accelerator program for college students and a strategic grant program to accelerate the use and integration of AI in Solana.
A first for the Tier-1 blockchain, Solana-integrated ChatGPT plugin is now available for download on Github.
Solana Labs’ pioneering integration initiative primarily aims to understand AI’s Solana data and protocols. This integration also serves as a reference that Solana can make it easier to uncover data on computing infrastructure and DeFi projects.
Anatoly Yakovenko, Solana co-founder and CEO of Solana Labs, also made statements about the new ChatGPT integration:
Every developer developing consumer-oriented applications should consider how their applications will interact through an AI model. Because it’s a new paradigm for telling computers what to do. Artificial intelligence will make Solana more usable and understandable.
The International Organization of Securities Commissions (IOSCO) presented a policy recommendation for cryptocurrencies
A global securities regulator has released its first global framework for crypto. However, this framework does not currently include decentralized finance (DeFi).
As part of the framework, the International Organization of Securities Commissions (IOSCO) presented 18 crypto policy recommendations in a recent report.
The recommendations cover six key areas:
- Conflicts of interest
- Market manipulation
- Cross-border risks
- Retention and asset protection
- Operational and technological risk
- Retail access
One of them advises regulators to require crypto-asset service providers (CASPs) to separate client assets from their private assets. This set of recommendations focuses only on central market activities. DeFi-specific issues are being reviewed by another financial task force under the same regulatory agency.
IOSCO’s crypto report
IOSCO’s report states that regulators around the world should use frameworks that follow IOSCO’s current standards for securities regulation.
The regulatory approach should seek to achieve regulatory outcomes that are the same or consistent with those required in traditional financial markets for investor protection and market integrity.
Countries including the USA, UK, Japan, Germany and Singapore are members of the IOSCO board. IOSCO is seeking public input on its recommendations by 31 July and is expected to be finalized by the end of the year.
OKX awaits regulatory approval in France!
The USA, which dominates a large part of the world economy, continues to bleed unknowingly in the crypto sector. Regulatory pressure from the US on crypto companies has increased in recent years. While many crypto companies are looking for ways to leave the US, some are looking to set up headquarters in other countries instead of the US.
Crypto exchange OKX has applied for regulatory approval in France. However, OKX, which plans to establish its European headquarters in Paris, has become the last foreign crypto company to choose the French capital as its European base.
As it is known, the European Union has been working hard on the crypto regulation MiCA for a long time. However, the MiCA regulation, which provides the legal framework for the crypto market, was unanimously approved by the Council of Europe last week.
In addition, France has also embraced crypto companies seeking ways to leave the US last week. France has announced that with the approval of the MiCA regulation, it will be able to approve more than 100 crypto companies in the country. It can be said that the plans to establish the European headquarters of the OKX exchange in France came after these developments.
Crypto exchange OKX has stated that as of today, it wants to register with France’s Autorité des Marchés Financiers as a digital asset service provider (DASP).
On the other hand, MiCA regulation is expected to come into effect officially before January 2025. Crypto companies wishing to operate in Europe must register in one of the member states before MiCA goes into effect.