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New DeepSeek ban in US, Swiss-Asia crypto ties deepen: Asia Express

The US Department of Homeland Security has ordered DeepSeek products removed from federal civilian agency IT systems, including affiliates and third-party products built with DeepSeek, and barred agencies from new purchases. The US Treasury has proposed rules blocking investment in AI and certain high-risk semiconductors in some foreign countries, expanding the restrictions to adversaries including Russia, Iran, North Korea and Cuba. It also announced a $200,000 penalty against Amidi, LLC for failing to report a Chinese subsidiary's investment in Shanghai Qiongche Intelligent Technology. Separately, Shinhan Card signed an agreement with SBI units to test yen stablecoin payments and cross-border trade settlement. South Korean finance officials met major crypto exchanges as a lawmaker proposed delaying the crypto tax start date by two years.

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