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Huobi HTX has reached constructive communication with the Financial Conduct Authority (FCA) of the United Kingdom, and the related lawsuit has been properly resolved

Huobi HTX announced that the UK Financial Conduct Authority (FCA) had previously initiated legal proceedings against the exchange in the UK. After a period of constructive communication between both parties, the matter has now been properly resolved.Huobi HTX has always sincerely cooperated with the FCA, actively collaborating and responding to its concerns regarding the UK market. During this period, Huobi HTX, based on its commitment to continuously adhere to compliance standards, has gradually strengthened restrictions related to the UK market and exit arrangements, and implemented supporting operational measures.These measures were already in place before this settlement was reached. The settlement further consolidates the aforementioned measures and does not constitute an admission of any legal liability, misconduct, or violations by Huobi HTX.The settlement eliminates relevant legal uncertainties and is consistent with the exchange's commitment to continuously enhance compliance levels. This is beneficial for Huobi HTX to focus on the most important matter, which is to provide high-value services to users and achieve long-term sustainable growth.Huobi HTX thanks all parties for their professional cooperation in properly concluding this matter and will continue to focus on responsibly serving users. Looking ahead, Huobi HTX is willing to constructively cooperate with all parties in the industry, including working hand in hand with regulators where appropriate, to jointly safeguard user interests and promote the healthy development of the digital asset ecosystem.

first_img New York State legislates strict limits on AI companions, prohibiting the provision of anthropomorphic emotional interactions to minors

New York Governor Hochul officially signed a new bill on Wednesday, prohibiting minors from using artificial intelligence chatbots with virtual companion attributes. This is one of the most comprehensive regulatory measures in the United States regarding consumer-grade AI models to date. The bill requires relevant operators, including ChatGPT under OpenAI, to implement reasonable age verification measures, prohibiting the provision of high-risk chatbot features listed in the bill to users under 18 or those whose adulthood has not yet been confirmed.According to the bill, the relevant chatbots are not allowed to output content that may mislead minors into believing they possess life, human attributes, or real emotions. They must not induce adolescents to have the illusion of a mutual emotional, professional consulting, or authoritative guidance relationship, nor can they package generated content as personal opinions. The system is also prohibited from retaining sensitive privacy data related to the mental and physical health of minors. Hochul stated at the signing ceremony that the core goal of the legislation is to sever the emotional binding chain of AI impersonating minors' "friends" or "lovers," protecting the mental and physical health of young people.The children's media advocacy organization Common Sense Media expressed support for the bill, calling it the strictest children's AI safety law in the United States. The tech industry has strongly pushed back, criticizing the overly broad definitions of the provisions and emphasizing that minors should not be deprived of access to cutting-edge learning tools. As of now, companies such as OpenAI and Anthropic have not publicly responded to this.

UXUY launched the stock tokenization platform uStock to assist U.S. and Hong Kong listed companies in expanding on-chain liquidity

Decentralized exchange UXUY announced the launch of the stock tokenization service platform uStock, primarily targeting small and medium-sized listed companies in the US and Hong Kong stock markets. The platform plans to provide share issuance, on-chain investor distribution, and post-issuance liquidity services, connecting listed companies with global on-chain investors, using stablecoins such as UUSD as tools for subscription, pricing, and settlement.According to the proposed product mechanism, each uToken corresponds to the economic rights of one share of the underlying stock, covering price changes, cash dividends, and corporate actions such as stock splits and mergers. The underlying stocks are intended to be custodied by licensed brokerages, trusts, and other institutions, isolated through independent asset holding entities. The platform plans to disclose stock custody, token issuance, and asset coverage through a Proof of Underlying asset verification mechanism.uStock will establish an initial liquidity pool for uToken/UUSD using part of the raised funds according to the issuance documents and will introduce on-chain market makers. As the spot market and infrastructure advance, the platform intends to gradually support round-the-clock on-chain trading and explore integration with UXUY's self-developed Perp DEX to expand on-chain perpetual contract trading for corresponding uToken assets.UXUY founder 0xKevin stated, "We are bringing stablecoins into more real asset scenarios, allowing US and Hong Kong listed companies to connect with global investors and capital. In the future, we will continuously improve issuance, trading, and liquidity services around real stock rights, establishing a more long-term connection between corporate growth and global on-chain capital."
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