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first_img The Swedish Government Office will ban ChatGPT and Claude, retaining only Microsoft Copilot

According to Sveriges Radio, the Swedish government office announced that starting from October 26 (Monday), ChatGPT and Claude will be banned on employee computers, with Microsoft Copilot approved as the only AI tool that has passed security review, and civil servants are required to switch to using Copilot.Mikael Wettercrantz, the agency's Director of Digitalization, stated in a post on the employee intranet that using AI services without a formal contract could "have consequences for our information security." He noted that multiple cases of improper use of open AI services have been identified, involving the sensitivity of the information inputted and the handling of AI-generated content. Due to the lack of formal agreements, consumer-grade AI tools send user queries to external company servers, and U.S. law allows authorities to request these companies to hand over data as required.Copilot is allowed to remain because the government office enhanced its security settings after review, while ChatGPT and Claude did not receive the same treatment. Some employees can still access these two banned tools through the AI platform built internally by the agency. Previously, the Swedish Tax Agency and the National Board of Health and Welfare had implemented similar bans, and the enforcement agency is also about to make a decision; an internal audit by the Transport Agency found about 10 AI services being "widely and at high risk" used.

The SEC's conditions for tokenized securities exemptions have sparked disagreements, with the industry calling for clarification on the "public and permissionless" standard

The innovation exemption for tokenized securities trading venues launched by the U.S. SEC in September is sparking controversy within the industry regarding blockchain qualification standards. This exemption allows eligible companies to trade tokenized U.S. stocks without registering as traditional securities exchanges, but requires their smart contracts to be auditable, public, and deployed on a public, permissionless blockchain.Currently, three companies have submitted operational intent notices to the SEC. TSV LLC plans to use the privacy-focused Canton Network; OKXICE and Kephas Corp. intend to utilize their respective enterprise group's developed Ethereum Layer 2 networks.In a letter submitted on Thursday, the Solana Policy Institute requested the SEC to tighten the definition of "permissionless," focusing on who actually controls the blockchain, including who can validate or block transactions and modify network rules. Hedera advocates for an expansion of the exemption's scope, arguing that only authorized entities should participate in validation, which should not disqualify their network.The Securities Industry and Financial Markets Association (SIFMA) also called for clarification on which blockchains are eligible and questioned whether stock tokenization should require explicit prior consent from the issuing company, rather than requiring companies to opt out. The financial regulatory advocacy group Better Markets urged the SEC to withdraw the exemption and instead engage in formal rulemaking.An SEC official stated that companies can begin operations 30 days after submitting a notice, provided they meet the exemption criteria, without waiting for SEC approval, which does not imply SEC endorsement of their chosen blockchain. The official noted that the regulatory agency intends to maintain a broad definition to allow space for companies to experiment; further frequently asked questions may be released, but substantive adjustments would require action from the commission.Meanwhile, more companies are opposing the tokenization of their stocks. As of Friday, among the 62 companies initially listed by OKXICE, 22 have raised objections, exceeding one-third. New objectors include Wells Fargo, Arm, and Intuit.

first_img OpenStocks launches on BNB Chain, with the token providing only price exposure and no equity

The tokenized Pre-IPO platform OpenStocks has launched on the BNB Chain, offering tokenized economic exposure products for four private companies, including Anthropic (oANTHROPIC), Figure AI (oFIGUREAI), Neuralink (oNEURALINK), and Anduril (oANDURIL). These products are BEP-20 tokens on the BNB Chain mainnet, supporting 24/7 trading with no minimum amount restrictions. Transactions settle on-chain within seconds, using a self-custody model where users trade by connecting their own BNB Chain wallets, and OpenStocks does not act as a custodian.The platform clearly states that these tokens provide only economic exposure to the private stock prices of the companies and do not represent equity, granting holders no ownership, voting rights, dividend rights, or information rights, and OpenStocks has no affiliation with the aforementioned companies. The token prices are set by the on-chain DEX liquidity pools, with PancakeSwap Infinity as the primary trading venue. Tokens are traded against USDT, and the price users pay depends on the quotes in the pool at the time of transaction. The trading page simultaneously displays the latest on-chain token price and the reference price of the underlying company, as well as the implied company valuation based on that price.The platform is not open to individuals within the United States, U.S. citizens, and other ineligible persons, with Singapore being a prohibited jurisdiction. OpenStocks states that it is not a broker-dealer, investment advisor, exchange, transfer agent, or custodian, does not provide investment advice, and has no affiliation with the companies involved.

first_img Solana's largest network upgrade Alpenglow is online, with the final confirmation time reduced to about 150 milliseconds

Solana's largest network upgrade since 2020, Alpenglow, officially launched on Wednesday. This upgrade moves validator voting from on-chain to off-chain, packaging votes into certificates that can lock transactions within one to two rounds, aiming to reduce the final confirmation time for transactions from about 6 seconds to approximately 150 milliseconds, speeding it up by about 40 times. If this goal is achieved on the mainnet, Solana's transaction settlement speed will be faster than the blink of an eye, bringing it closer to the trading and payment experience of centralized exchanges.Currently, a 6-second confirmation time means that prices may change before the transaction is locked, causing exchanges and payment applications to wait before considering deposits as complete. In comparison, Ethereum takes about 13 minutes to achieve full final confirmation. At the same time, validator costs are expected to decrease by about 60%: currently, validators spend about 2 SOL daily on voting fees, which doubled after Solana recently reduced block time to about 200 milliseconds; Alpenglow eliminates voting fees, replacing them with a fixed validator entry fee of 0.8 SOL per epoch (approximately 24 hours).The upgrade launch process was not smooth. The testnet has been cleared and restarted from scratch six times since its launch in early May, with one migration failing across the entire network and having to be rolled back. According to an article published by Galaxy Digital, one of about 100 validator operators on the testnet, a subsequent migration was successfully completed, clearing the way for Wednesday's launch. Since these events occurred on a network built specifically for testing, there was no risk to real funds. The upgrade was scheduled to switch at the start of epoch 1064 on Wednesday, with actual changes occurring at slot 459,653,000 after a transition of 5,000 slots.
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