The EU tech chief spoke to members of the EU-U.S. Trade and Technology Council about the need for a voluntary code of conduct prior to the forthcoming laws.
Binance to delist privacy tokens in France, Italy, Spain and Poland
Binance users in France, Italy, Poland and Spain will no longer be able to buy or sell 12 privacy tokens starting from June 26.
French lawmakers agree to loosen rules in proposed crypto influencer bill
Previously, the bill restricted influencer marketing to only licensed crypto firms, of which there are currently none in France.
OpenAI warns European officials over upcoming AI regulations
The CEO of OpenAI, Sam Altman, spoke with European officials in Brussels warning over the ramifications of over-regulation of the AI industry.
EU watchdog warns about the risk of a bank run on stablecoins
The European Systemic Risk Board suggests more disclosures, more monitoring to fight the risks of the crypto market.
G7 discusses crypto, supports CBDC — Law Decoded, May 15–22
The European Council has approved updated rules that extend tax reporting requirements to include transfers of crypto assets.
Responsible AI can create policies to help ‘better serve society’
Sabin Dima, the CEO and founder of Humans.Ai, said that with the right implementation, governments could use AI to enhance public services and policies.
Italy sets aside millions for workers at risk of AI replacement
Italian officials are setting aside $33 million to enhance the development of digital skills for workers at risk termination due to automation and AI.
G7 pushes accelerating global implementation of ‘travel rule’ for crypto assets
Group of 7 members met in Japan, where they discussed CBDCs and crypto regulation, with an eye toward quickly implementing the “Travel Rule” for crypto assets.
Romania harnesses AI for data-driven policy recommendations
Officials in Romania have created and employed an AI-powered robot to source community concerns and turn the collected data into policy recommendations.
Lufthansa, Eurowings, other travel industry players push forward with Web3
After a new travel-focused blockchain hit the scene, major players in the industry are beginning to pivot to integrate Web3 technology.
EU draft AI Act updated with public facial recognition ban
Regulators in the EU concluded another round of voting which added a new ban on the public use of biometric surveillance into its forthcoming AI Act.
Hungarian Central Bank Sees No Imminent Need for e-Forint
The EU member is still trying out options for a central bank digital currency that could help the unbanked.
Estonia’s Registered Crypto Firms Drop 80% as Tough New Checks Reveal ‘Suspicious’ Behavior
Regulators in the tech-friendly nation say they’ll return to business-as-usual monitoring after money laundering fears led it to take a tough line.
Bitcoin takes flight in Liechtenstein: Minister proposes government services paid in crypto
Prime Minister Daniel Risch of Liechtenstein told local papers that Bitcoin is set to play a growing role in government services payments.
Liechtenstein Plans to Accept Bitcoin for Payments to State, Prime Minister Says: Report
Under the plans, any crypto received will immediately be exchanged for Swiss francs, Prime Minister Daniel Risch told German news publication Handelsblatt.
French Senate proposal would allow influencers to promote cryptocurrency
The senate’s proposal comes just months after the National Assembly floated legislation banning influencer advertising for crypto products and services.
European Union pushes forward with first AI framework: Law Decoded, April 24–May 1
High-risk tools will not be banned entirely, though they will be subjected to stricter transparency procedures.
Liechtenstein adapts blockchain laws to developing crypto landscape
Future regulation is intended to ensure uniform regulation for all European countries and covered participants.
ChatGPT, Midjourney, other AI tools to make their way into EU legislation
The bill will classify the risk of AI tools and force developers of generative-AI applications to disclose the use of any copyrighted materials.