The endorsement follows European Union member states voting to approve the final text of the EU’s AI Act. Update 12:45 pm UTC: This article has been updated to mention EU guidelines on citizens’ rights. European Union legislators in the European Parliament approved the preliminary agreement on groundbreaking regulations for artificial intelligence (AI) on Feb. 13. This…
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Central issues: ECB’s Andrea Enria features a crypto proviso in EU rules empowering banks to evade digital currency shields. Enria direly calls for ECB oversight of crypto-resource specialist organizations to forestall the avoidance of impending guidelines. According to Reuters, Chief Supervisory Officer of the European Central Bank (ECB), highlighted a critical crypto loophole in EU regulations.…
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