South Korea · DeepSeek · China · Japan · U.S. Treasury · Russia · Cointelegraph
New DeepSeek ban in US, Swiss-Asia crypto ties deepen: Asia Express
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◎ Multiple-sources
DeepSeek banned from US federal civilian agencies over spying fears.
Key facts
- Investigators said the network handled more than 500 million yuan ($75 million) in transactions, Thai media Khaosod English reported in a post on X on Saturday
- Shareholders of Super League, a Nasdaq-listed gaming and digital media company, approved a deal that would give Japanese Bitcoin treasury firm Metaplanet a 93.7% ownership stake, paving the way
- Metaplanet has also announced a planned repurchase of about $160 million of its own shares
- The Singapore backed BIT Asset Management has launched Switzerland’s first Bitcoin ETF
Summary
The US Treasury has proposed new rules that would block investment in artificial intelligence projects (sorry, ‘Super Intelligence’ projects) and certain high risk semiconductors in some foreign countries. The blocks have been mainly aimed at geopolitical rival China, but will now also encompass other adversaries including Russia, Iran, North Korea and Cuba. They rules build on previous restrictions on selling high powered AI chips to China. The US Department of Homeland Security has ordered the removal of DeepSeek products from federal civilian agency IT systems. The order, filed on Monday, also covers DeepSeek affiliates and third-party products and services developed using DeepSeek implementations while prohibiting affected agencies from making new purchases.