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Read how the IRS broker rule affects DeFi protocols, non-custodial software providers, and privacy rights. Learn why innovation and…

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NEW DELHI: In view of the increasing number of custodial deaths and torture at police stations, SC on Monday proposed taking the help of artificial intelligence to monitor all CCTV cameras installed in the stations, which would automatically trigger an alarm to alert concerned authorities when a camera was switched off or became non-functional.A bench of Justices Vikram Nath and Sandeep Mehta said that IITs should be entrusted with the task to develop software which would pave the way for monitoring of all CCTV cameras from one place, and all police stations and offices of other investigating agencies could be put under the watch of these cameras."We were thinking of a control room in which there is no human intervention...

A coalition of 115 crypto companies, investors, and organizations, including Coinbase and a16z crypto, has urged the US Senate to include explicit protections for open-source software developers and non-custodial service providers in upcoming market structure legislation. The group, led by the DeFi Education Fund, emphasizes that regulatory clarity is crucial for fostering innovation. They argue that the US risks losing its technological leadership if legislation fails to recognize blockchain technology as neutral infrastructure and instead applies outdated traditional finance regulations. The letter highlights a concerning decline in US open-source software developers, attributed to regulatory uncertainties. The coalition seeks to prevent crypto developers from being misclassified as money transmitters and facing penalties. They believe that robust, nationwide protections are essential for the US to become the world's crypto capital. The call for protections is framed as a bipartisan issue, building on past support for open-source software. The group stresses that without these protections, they cannot support the market structure bill. They aim to enhance existing legislative protections for developers.

#Quasa #QUA #aavelabs Aave Labs is the software development team behind Aave, the leading decentralized, non-custodial liquidity protocol in DeFi. The platform enables users to supply crypto assets to...