Asia In Brief: AI Identity Cards, China’s Crypto Crackdown, and Electric VTOL Innovations
In Hyderabad, Commissioner V.C. Sajjanar advocates for AI agents to possess digital identity cards, emphasizing the need for accountability in critical sectors like banking and healthcare. He warns of potential mishaps and the threat of cybercriminals manipulating these autonomous agents, underscoring the importance of tracking their activities for safety.
Meanwhile, China’s central bank has intensified its cryptocurrency ban, prohibiting the tokenization of real-world assets and stablecoins tied to the Yuan, reinforcing its stance against digital currencies.
In Australia, hardware chain Bunnings has successfully defended its use of facial recognition technology, which aims to enhance shopper safety, despite being found in violation of some privacy principles.
In payment innovations, talks between Ant Group and Indian officials could link Alipay and UPI systems, potentially improving China-India relations. Lastly, Singapore showcases its first electric vertical takeoff and landing (eVTOL) aircraft, promising future urban mobility solutions.
