EU touts health benefits for children in the metaverse despite risks
The European Union’s in-house think tanks says the metaverse can help children heal from diseases. Go to Source
European Union
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EU Anti-Money Laundering Laws Ban Provision of Services for Anonymous Cryptocurrency Accounts
A new set of anti-money laundering laws passed by the EU has banned crypto asset service providers from servicing and providing custody to anonymous cryptocurrency accounts. The approved proposal for the “prevention of the use of the financial system for the purposes of money laundering or terrorist financing” alleges these assets present “risks of misuse … Read more
EU Commission targets X over ‘dissemination of illegal content’
X owner Elon Musk told advertisers to “go f— yourself” on Nov. 29 after many left the social media platform in response to antisemitic content and a report on hate speech. Go to Source
CZ must stay, Do Kwon to be extradited: Law Decoded
A Seattle district court ruled out CZ’s departure to the UAE, and the Montenegrin justice minister plans to grant the United States request for Do Kwon’s extradition. Go to Source
French startup Mistral AI closes $415M funding round
The French AI startup Mistral AI closed a funding round worth around $415 million as it strives to be the EU’s rival to OpenAI and accelerates the EU AI race. Go to Source
EU officials reach ‘historic’ AI regulation deal
The agreement mandates models like ChatGPT and general AI to follow transparency rules before market entry. Go to Source
Robinhood launches crypto trading services in Europe
All eligible customers in the EU region can access Robinhood crypto for crypto trading services, with over 25 cryptocurrencies available for trade. Go to Source
France’s third-largest bank, Société Générale, launches euro pegged stablecoin
The euro-pegged stablecoin will be the first of its kind in the region and will be available to the bank’s wide customer base for trading use. Go to Source
Amnesty International head says AI innovation vs. regulation is ‘false dichotomy’
Amnesty’s secretary general said the EU has a chance to lead with new AI regulations and member states shouldn’t “undermine” the forthcoming AI Act. Go to Source
European regulator: CASPs should work on protocol interoperability, self-hosted wallets
The European Banking Authority wants to update existing anti-money laundering rules and combat the financing of terrorism for crypto providers. Go to Source
