EU AI Act: A Double-Edged Sword for Startups and Small Businesses

The European Union has launched its AI regulation efforts, focusing on definitions, literacy, and prohibitions on high-risk AI. Vladimir Lelicanin, highlights the challenges of risk assessments and documentation for smaller businesses. EU AI Act: Industry, Rights Groups Split On Feb. 2, the European Union (EU) launched its effort to regulate artificial intelligence (AI) by unveiling … Read more

Crypto Platform Deribit Bars Russian Nationals Due to EU Sanctions

Deribit said that starting Feb. 17, Russian accounts will switch to “reduce-only” mode, and all positions will be forcibly closed by March 29, although withdrawals will remain open. Withdrawals to Remain Open Deribit, a cryptocurrency derivatives platform, announced Feb. 5 that European Union (EU) sanctions on Russia have forced it to exit the country. According … Read more

Christine Lagarde en Garde: Bitcoin Will Not Enter Central Bank Reserves

ECB President Christine Lagarde was confident about the stance the EU central banks would take on adding bitcoin as a reserve asset. She stated that, due to several reasons, this would not happen. ECB President Christine Lagarde Confident That EU Central Banks Won’t Adopt Bitcoin The concept of a strategic bitcoin reserve, consisting of state … Read more

Trump’s Tariffs, Sanctions to Speed up De-Dollarization, Economist Says

A former chief economist at the African Export-Import Bank said many governments are increasingly promoting the use of local currencies to reap the economic benefits of having an international currency. De-Dollarization Is Not a New Phenomenon According to Hippolyte Fofack, former chief economist at the African Export-Import Bank, many governments are promoting the use of … Read more

Printemps Becomes First European Luxury Store to Accept Crypto Payments

The adoption of cryptocurrency payments by Printemps marks a milestone in the European luxury goods industry. Customers Can Now Buy High-End Fashion Products With Crypto Printemps, a leading French luxury department store has become the first major retailer in Europe to accept cryptocurrency payments. This bold move reflects the growing adoption of digital currencies in … Read more