EU
EU Drafts AI Bill to Address Copyright Concerns
The European Union has passed a draft bill that will classify AI tools according to their risk level and impose stricter transparency procedures for high-risk tools. The bill is part of the EU’s Artificial Intelligence Act and aims to address concerns around the use of copyrighted materials in AI training.
EU Passes Vote for Digital Wallet
The European Parliament passed a plenary vote for interinstitutional negotiations to create a EU-wide digital wallet. The eID amendments include zero-knowledge proofs to enable citizens to control their identity data.
Huobi And Solaris Offer EU Crypto-To-Fiat Debit Cards
Huobi, a cryptocurrency exchange, launched a crypto-to-fiat debit card cooperation with Solaris, a European financial services company. Huobi users may utilize their digital assets internationally at the point of sale through Visa's program. In the second quarter of 2023, European Economic Area (EEA) users will get the card.
NFTs And Crypto Will Benefit From Apple Allowing Third-Party App Stores
Apple will allow third-party app stores on its devices to comply with EU anti-monopolistic rules. EU legislation will compel Apple to allow alternative app stores and applications outside the App Store, benefiting crypto app creators. The EU's Digital Markets Act regulates "gatekeepers" and ensures platforms operate fairly, prompting Apple to expand its ecosystem.
EU Parliament Passes Cybersecurity Legislation for Crypto and Fintech Firms
The European Parliament has passed a bill titled Digital Operational Resilience Act (DORA) addressing the cybersecurity of crypto and fintech companies.
European Parliament Ratifies MiCA Framework in Landslide Vote
The long-awaited Markets in Crypto Assets (MiCA) regulation has just scaled through the European Parliament as MPs voted massively in favour of the bill.l
Dapper Labs Restricts Russian-based NFT Accounts, Abides by EU Sanctions
Dapper Labs said it is complying with new sanctions approved by EU member states amid Russia’s continued escalating conflicts in Ukraine.
Crypto Regulation Takes New Leap as European Council Adopts MiCA
The European Union is drawing closer to adopting the comprehensive Markets in Crypto Assets (MiCA) regulation as the European Council has passed the framework.
EU Policymakers Vote for Blockchain Use to Fight Tax Evasion, Crypto Asset Non-Taxation
The European Parliament has voted in favour of leveraging blockchain technology for tax compliance, with a majority of 566 out of 620 members backing the motion.
ECB to Warn Countries in the Eurozone about Crypto Regulation
The European Central Bank is reportedly on track to issue warnings to national authorities within the Eurozone about individual handling of the crypto ecosystem.