UNESCO and Netherlands design AI supervision project for the EU
The United Nations’ UNESCO and the Dutch government launched a new project for supervising AI to help create a framework for the wider EU area. Go to Source
European Union
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European regulator publishes second consultation on MiCA
The regulator will publish a final report based on feedback received and submit the draft technical standards to the European Commission by June 2024. Go to Source
EU to assess export controls on AI tech and semiconductor chips
The European Commission outlined four critical technology areas including AI technology and semiconductor chips which on it plans to run assessments to consider export controls. Go to Source
Head of Portugal central bank deems crypto unsustainable, calls for global regulation
Mário Centeno praised the European Union’s first comprehensive crypto framework, MiCA, but insisted on further international consolidation of regulatory efforts. Go to Source
Georgia preparing limited live CBDC pilot, considering Ripple among tech providers
As the country is considered for EU membership, the digital lari is seen as providing interoperability with a digital euro while preserving monetary freedom. Go to Source
Gemini to halt operations in the Netherlands by mid-November
The company cites the inability to meet the regulators’ requirements but says it intends to return to the Dutch market. Go to Source
French telecom group invests millions in local AI industry
The French telecom group Iliad revealed it has purchased one of Europe’s most powerful supercomputers and plans to create an AI research lab in Paris, among other developments. Go to Source
EU Parliament research recommends non-EU nations tighten crypto regulation
Potential implications around financial stability, lower market appeal and mainstream use of stablecoins were the main concerns highlighted by the author of the report. Go to Source
Binance plans to delist stablecoins in Europe citing MiCA compliance
A Binance executive said the cryptocurrency exchange plans to delist stablecoin in the European market by June 2024 in order to comply with standards laid out by MiCA. Go to Source
International financial group finds gaps in digital euro legislative package
The Institute of International Finance looked at seven areas where digital euro legislation, which is being developed alongside the technology, is lacking. Go to Source
