Europe's Landmark Move to Shape Ethical AI Use
Europe's Artificial Intelligence Act marks a historic step, introducing stringent regulations for ethical and responsible AI usage, balancing innovation with fundamental rights protection.
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European Union’s AI Act: Regulations, Tiers, and Implications Explained
The European Union (EU) achieved a breakthrough on the AI Act, establishing a comprehensive legal framework governing the use of artificial intelligence within its jurisdictions. This pivotal agreement aims to regulate AI's deployment across various sectors and sets distinctive guidelines for different categories of AI systems.
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The Financial Services Commission (FSC) in South Korea issued a notice emphasising the obligation for investors in digital assets to receive interest on their deposits into exchanges by July 2024. Notably, the guidance excludes nonfungible tokens (NFTs) and central bank digital currencies (CBDCs) from this regulation.
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