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.
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.
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.
Top Indian Banker Says US Dollar Has ‘Disproportionate Power’ as Reserve Currency; Retracts ‘Biggest Financial Terrorist’ Remark
Uday Kotak, the CEO of Kotak Mahindra Bank, a financial institution based in India, recently expressed his view on the dominance of the U.S. dollar in global financial markets. Kotak…
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.
European bankers on digital euro: ‘ECB has no interest in users’ personal data’
While anonymity still stands as the core issue of a European CBDC, the inevitable competition with private banks also raises questions.
Belgian crypto platform Bit4You suspends operations after CoinLoan halts activity
Bit4You suspended operations on April 26 amid a CoinLoan insolvency investigation by Estonian regulators.