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Welcome to Tech News Briefing. It's Thursday, August 3rd. I'm Zoe Thomas for the Wall Street Journal.

Artificial intelligence has implications for the workforce, foreign policy, national security,

education. The list goes on and on and that's one reason why creating policy around it is tricky.

President Biden, though, wants to get rules in place. Our White House reporter Sabrina Siddiqui

is going to join us to explain what steps his administration is taking. Plus, the argument for why

we should all be leaving more voicemails. First, though, China banned cryptocurrencies in 2021,

but we can exclusively report that Binance, the world's largest crypto exchange, has remained active

in the country. China-based users traded over $90 billion of cryptocurrency this past May,

according to an internal platform at Binance. Our finance reporter Patricia Kausmann says that

makes China Binance's biggest market. Trading is supposedly all fully banned in China,

but what we found based on the documents and people we spoke with is that there are work

around. So, for example, one thing Chinese users may do is use VPNs, which is the application that

masks their location, so they can sign up on the exchange. China is fully aware. We don't know

the extent of the awareness in terms of if they know exactly how much is being traded,

but there are law enforcement agents in China that actually work with Binance when they try to

detect potential criminal activity among the users. So, it shows like China is aware that

this trading exists, and it's important to notice also that Binance is not the only one. There

are other cryptocurrency exchanges that have a pretty healthy business in China. China's central

...