European Parliament Approves Groundbreaking AI Regulations

by Александр Пирогов | Feb 15, 2024 | Blog News

European Union legislators in the European Parliament have endorsed the preliminary agreement on groundbreaking regulations for artificial intelligence (AI) on February 13, paving the way for the world’s first AI-focused legislation. The Internal Market and Civil...

Kraken Implements Self-Custodial Wallet Verification Requirement for UK Users

by Александр Пирогов | Feb 15, 2024 | Blog News

Kraken, a prominent cryptocurrency exchange, has initiated a verification process for its users in the United Kingdom, mandating verification of their self-custodial wallets. The move, reportedly driven by UK regulations, requires users to confirm ownership or control...

European Court of Human Rights Upholds Encryption Privacy in Landmark Ruling

by Александр Пирогов | Feb 15, 2024 | Blog News

The European Court of Human Rights has ruled against the demand for decryption of end-to-end encrypted (E2EE) messages in a case involving Telegram, emphasizing that creating backdoors to such services would threaten freedom of expression and expose innocent users to...

Federal Reserve Chairman Urges Congressional Action on CBDC and Stablecoin Regulation

by Александр Пирогов | Feb 15, 2024 | Blog News

Federal Reserve Chairman Jerome Powell emphasized the need for congressional authorization for a central bank digital currency (CBDC) and called for stablecoin legislation during a closed-door meeting with House Financial Services Committee members. Powell stressed...

The Glenlivet Launches 50-Year-Old Whiskey Collection with NFTs and AI Labels

by Александр Пирогов | Feb 14, 2024 | Blog News

To mark its 200th anniversary, The Glenlivet distillery in Scotland has unveiled “The Twelve Elements,” a collection of 50-year-old whiskeys. This release incorporates blockchain technology via NFTs and utilizes generative AI for label design, blending...

Isle of Man Opens Consultation on Crypto Regulation Amid AML/CFT Concerns

by Александр Пирогов | Feb 14, 2024 | Blog News

The Isle of Man, renowned for its status as an offshore financial center, has initiated a public consultation regarding the future of its cryptocurrency regulation. The local Financial Service Authority (FSA) released a discussion paper on Feb. 13, focusing on...