EU Commission targets X over ‘dissemination of illegal content’
X owner Elon Musk told advertisers to “go f— yourself” on Nov. 29 after many left the social media platform in response to antisemitic content and a report on hate speech. Go to Source
European Union
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CZ must stay, Do Kwon to be extradited: Law Decoded
A Seattle district court ruled out CZ’s departure to the UAE, and the Montenegrin justice minister plans to grant the United States request for Do Kwon’s extradition. Go to Source
French startup Mistral AI closes $415M funding round
The French AI startup Mistral AI closed a funding round worth around $415 million as it strives to be the EU’s rival to OpenAI and accelerates the EU AI race. Go to Source
EU officials reach ‘historic’ AI regulation deal
The agreement mandates models like ChatGPT and general AI to follow transparency rules before market entry. Go to Source
Robinhood launches crypto trading services in Europe
All eligible customers in the EU region can access Robinhood crypto for crypto trading services, with over 25 cryptocurrencies available for trade. Go to Source
France’s third-largest bank, Société Générale, launches euro pegged stablecoin
The euro-pegged stablecoin will be the first of its kind in the region and will be available to the bank’s wide customer base for trading use. Go to Source
Amnesty International head says AI innovation vs. regulation is ‘false dichotomy’
Amnesty’s secretary general said the EU has a chance to lead with new AI regulations and member states shouldn’t “undermine” the forthcoming AI Act. Go to Source
European regulator: CASPs should work on protocol interoperability, self-hosted wallets
The European Banking Authority wants to update existing anti-money laundering rules and combat the financing of terrorism for crypto providers. Go to Source
EU tech coalition warns of over-regulating AI prior to EU AI Act finalization
A group of 33 businesses and tech companies have signed a joint letter to EU regulators urging them not to over-regulate emerging AI technologies at the cost of innovation. Go to Source
FTX collapse, Binance’s US settlement provide strong case for MiCA regulations
European Commission policy officer Ivan Keller highlights high-profile centralized exchange shortcomings as key reasons for the implementation of MiCA regulations in Europe. Go to Source
