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Elon Musk's plans to enable money transfers on his social media network X have run into a roadblock as regulators in New York question the firm's ability to detect terrorism and money laundering-related transfers, says a report from The Information. Musk has long aimed to make X into an 'everything app' and a 'global town hall,' but with his time divided across multiple ventures, the money transfer plans appear to have been placed on the back burner, with progress several years behind what the executive had originally envisioned.

Elon Musk's Attention Diverted Away From X Money To xAI, Says Report

According to the details shared with the publication

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