Google updates service policies to comply with EU regulations
Google and other major platforms on the web will need to update their service policies in order to comply with EU standards in its Digital Services Act by Aug. 28. Go to Source
European Union
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Spanish central bank official talks about private payment services in era of digital euro
Banco de España deputy governor Margarita Delgado voiced concern about financial stability issues but painted a rosy picture for nonbank financial services providers. Go to Source
Spain launches AI regulation agency in bid to become industry leader
Spain has become one of the first countries in the European Union to establish its own task force for regulating Artificial Intelligence on Aug. 22, when the Council of Ministers approved a Royal Decree establishing the new agency. Go to Source
From the U.S. to Japan, regulators are beginning to embrace crypto
Switzerland, Singapore and the EU have taken the early regulatory lead, but Japan and the UAE are coming on now. Even the U.S. may be awakening. Go to Source
Spot Bitcoin ETF approved, but not in the US
This week’s episode of The Market Report discusses the spot Bitcoin ETF that just launched in Europe and why the U.S. still lags behind. Go to Source
France updates its crypto licensing regime to synchronize with MiCA
The amendments will become obligatory by January 1, 2024 and must be taken into account in by applicants for enhanced DASP registration. Go to Source
Crypto asset investment in Latvia declines by 50% over past year, per central bank
According to Latvijas Banka, 4% of the population bought crypto assets in February, down from 8% in 2022, while payments “continue to prevail.” Go to Source Powered by WPeMatico
Agence France-Presse sues Elon Musk and X/Twitter over compensation for news
If the suit is successful, X/Twitter would have to turn over data in order for AFP to determine how much compensation it will seek. Go to Source Powered by WPeMatico
GitHub, Hugging Face, urge EU to relax open-source AI rules
An open letter calls for a review of the European AI Act, claiming that existing provisions would hinder open source AI development. Go to Source Powered by WPeMatico
Securitize issues tokenized assets in Spain, plans September trading start
The U.S.-based trading platform is set to become the first to issue and trade tokenized assets in both the U.S. and the EU, and will operate under the new DLT pilot regime. Go to Source Powered by WPeMatico
