Lufthansa, Eurowings, other travel industry players push forward with Web3
After a new travel-focused blockchain hit the scene, major players in the industry are beginning to pivot to integrate Web3 technology. Go to Source Powered by WPeMatico
Europe
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EU draft AI Act updated with public facial recognition ban
Regulators in the EU concluded another round of voting which added a new ban on the public use of biometric surveillance into its forthcoming AI Act. Go to Source Powered by WPeMatico
French Senate proposal would allow influencers to promote cryptocurrency
The senate’s proposal comes just months after the National Assembly floated legislation banning influencer advertising for crypto products and services. Go to Source Powered by WPeMatico
European Union pushes forward with first AI framework: Law Decoded, April 24–May 1
High-risk tools will not be banned entirely, though they will be subjected to stricter transparency procedures. Go to Source Powered by WPeMatico
Top Indian Banker Says US Dollar Has ‘Disproportionate Power’ as Reserve Currency; Retracts ‘Biggest Financial Terrorist’ Remark
Uday Kotak, the CEO of Kotak Mahindra Bank, a financial institution based in India, recently expressed his view on the dominance of the U.S. dollar in global financial markets. Kotak stated that the U.S. dollar has “disproportionate power” as a reserve currency, retracting his previous statement in which he referred to the currency as the … Read more
Liechtenstein adapts blockchain laws to developing crypto landscape
Future regulation is intended to ensure uniform regulation for all European countries and covered participants. Go to Source Powered by WPeMatico
ChatGPT, Midjourney, other AI tools to make their way into EU legislation
The bill will classify the risk of AI tools and force developers of generative-AI applications to disclose the use of any copyrighted materials. Go to Source Powered by WPeMatico
European bankers on digital euro: ‘ECB has no interest in users’ personal data’
While anonymity still stands as the core issue of European CBDC, the inevitable competition with private banks also raises questions. Go to Source Powered by WPeMatico
Belgian crypto platform Bit4You suspends operations after CoinLoan halts activity
Bit4You suspended operations on April 26 amid CoinLoan insolvency investigation by Estonian regulators. Go to Source Powered by WPeMatico
‘Not the Right Time to Stop’ Rate Hikes, ECB Chief Economist Says
Current indicators suggest the European Central Bank (ECB) should raise the interest rate in May, the monetary authority’s chief economist said. Future increases will depend on the economic data but this is still not the right time to stop, according to Philip Lane who believes the bank has to bring inflation back to the 2% … Read more
