Russia Considers Crypto Investments for Wealthy, China Expands Finance Pilot, Banks Adopt AI

The Central Bank of Russia is considering allowing wealthy individuals to invest in digital assets under a 'regulatory sandbox' for crypto trading, aligning with discussions on regulating crypto. China's central bank is expanding its cross-border finance pilot program to more regions, easing fund management for multinational corporations. China's state-owned currency manufacturer has denied issuing virtual currencies due to scam concerns. Several Chinese banks are deploying DeepSeek AI models to improve customer support and risk management. Russia's proposal targets individuals with over $1.1 million in assets or $575,000 in annual income, aiming to bring crypto trading out of the shadows and develop service standards. China's expanded pilot program grants multinational companies greater freedom in managing cross-border funds and facilitates yuan-based transactions. Banks in China are integrating DeepSeek AI into customer service, operational efficiency, and credit approval processes, enhancing service precision and response times.