The US Department of Homeland Security has moved to bar DeepSeek from all federal civilian agency networks, citing data transfer and privacy risks, as a Singapore-headquartered asset manager launches Europe's first spot Bitcoin ETF and Switzerland deepens crypto ties with Vietnam. The DHS order, issued October 19, issued a sweeping directive for federal civilian agencies including the Treasury, State, and Justice departments to immediately remove DeepSeek products and services from their systems and cease new acquisitions. The ban extends to third-party software built on DeepSeek's models, reflecting concerns over potential unauthorized transfer of government data to Chinese servers and the collection of personally identifiable information through account creation and digital fingerprinting mechanisms.
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