EU

In a significant development, TikTok CEO Shou Zi Chew is scheduled to hold discussions with EU regulators next week. The meetings will focus on critical issues such as data protection, disinformation and competition regulations. What Happened: As reported by Bloomberg...

Leaders from the Group of Seven (G7) are set to endorse a voluntary code of conduct for enterprises engaged in developing advanced artificial intelligence technologies.  This move aims to manage the potential risks and misuse associated with AI systems. What Happened: The ...

The first two operational licenses for marijuana associations in Malta have been finally granted. KDD Society and Ta' Zelli are the first associations to obtain them, which means they are now allowed to legally grow their cannabis, writes Malta Today. The first licenses come nearly...

The Joe Biden administration could disclose a crucial executive order focused on artificial intelligence on Monday, reported Reuters, based on several media reports. This order is expected to include key provisions around AI use and immigration barriers for highly skilled workers. What Happened:...

The 2024 Global Tax Evasion Report released by the EU Tax Observatory recommends a 2% tax on the wealth of the world’s billionaires. This is one of the six recommendations that the agency stated to reconcile globalization with tax justice. Over the last 10 years, governments across the globe...

The EU reportedly plans to introduce a novel three-tiered system to regulate artificial intelligence systems and models, potentially making it the first Western government to do so. What Happened: The EU’s proposed regulatory scheme would classify and control AI technology according...

In the wake of a surprise attack by Hamas on Israel, Thierry Breton, the EU industry chief, has called on Elon Musk to address the spread of disinformation on the X messaging platform, previously known as Twitter. What Happened: Breton expressed concerns to Musk via a letter regarding the misuse of...

As the worldwide crypto sector grapples with increasing regulatory challenges, the Markets in Crypto-Assets (MiCA) offers a unified framework for EU nations to enhance user security and functionality. In line with several other EU nations, Cyprus has introduced regulations, imposing penalties for...

While the EU AI Act saw majority support in the Parliament in June 2023, officials are now looking at more restrictive guidelines for larger operators like OpenAI and Meta. This is like the tighter regulations set under the DSA Act for the largest players. What Happened: European Union...

The European Union (EU) has initiated an anti-subsidy investigation into Chinese electric vehicles (EVs), including exports from Tesla Inc. (NASDAQ:TSLA), causing a slight dip in Tesla’s share value. What happened: Insiders revealed that the EU’s probe, first reported by ...

The European Union is contemplating participating in an artificial intelligence safety summit in the U.K. that is scheduled for November. In a developing situation, the European Union, or EU, is reportedly contemplating participating in the forthcoming artificial intelligence safety summit in the U...

OpenAI’s ChatGPT is under investigation in Poland following a ban in Italy earlier this year, marking the latest developments in the privacy controversy surrounding the AI chatbot. What Happened: ChatGPT, released for public testing in November last year,...

Reflecting on the tumultuous crypto landscape of 2022 evokes images of a high-speed train with a few missing rails—undeniably exhilarating, yet its sustainability remains questionable. As the EU introduces the landmark MiCA (Markets in Crypto Assets) regulation, the pressing question emerges...

France's financial regulator, the Autorité des marchés Financiers (AMF), announced on Thursday significant amendments to its general regulation and policy concerning digital asset service providers (DASPs). These changes, set to be implemented on January 1, 2024, are designed to...

The UK and the EU are charging forward in planning a single Consolidated Tape (CT) for each asset class in their respective region. The British and the Europeans are reckoning that the US’s Decentralized Consolidated Model (DCM) under Market Data Infrastructure Rule (MDIR) is impractical....