Regulators around the globe assert more control over crypto: Law Decoded
From Hong Kong to Europe and the United States, regulators are pushing for more oversight and control over digital assets. Go to Source
European Union
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Greece establishes AI advisory committee to create national strategy
The Greek prime minister created an AI advisory committee comprising some of the country’s top tech, ethics and science professionals. Go to Source
Binance shutting down European Visa debit card in December
Mastercard ended its partnership in Latin America and Bahrain with Binance in September, possibly due to the regulatory environment. Go to Source
European Banking Authority, ESMA issue crypto entity suitability guidelines
The joint guidelines include granting authorization for ART and CASP issuance and conducting prudential assessments for potential acquisitions. Go to Source
EU data protection regulators urge anonymity for smaller transactions in digital euro
The European Data Protection Board and the European Data Protection Supervisor issued a joint opinion statement on the regulation of “digital euro.” Go to Source
US surveillance and facial recognition firm Clearview AI wins GDPR appeal in UK court
According to court documents, the UK commissioner doesn’t have the authority or jurisdiction to cite or fine the “foreign” company for GDPR infractions. Go to Source
Finland works on instant payments system, embraces digital euro
The Bank of Finland actively promotes the development of new forms of payment. Go to Source
ECB officials move to ‘preparation phase’ for digital euro
Though the issuance of a digital euro is not a certainty, officials with the European Central Bank are moving to next phase of the project. Go to Source
Central banks want to look under crypto’s hood — Is this a positive sign?
The mere fact that the Deutsche Bundesbank, BIS and other financial incumbents want such information now suggests a tacit acceptance of crypto. Go to Source
UK to target potential AI threats at planned November summit
The summit scheduled for Nov. 1-2 will place significant emphasis on the potential existential threat that AI represents, a concern shared by several legislators. Go to Source
