The European Union (EU) Council has adopted rules requiring crypto asset service providers to collect transaction data and forward it to tax authorities. The move reflects a global trend towards increased scrutiny and regulation of the cryptocurrency industry, though some
The European Union is reportedly planning to include non-fungible tokens (NFTs) and foreign companies in the upcoming crypto tax, reported Coindesk. The EU has prepared a draft text, known as the eighth directive on administrative cooperation (DAC8), which would require
The European Union (EU) continues to push for comprehensive laws regulating the use of generative AI technologies, including OpenAI’s well-known chatbot ChatGPT. Among the key requirements of the new set of laws, companies that deploy generative AI technologies should disclose
Chinese regulators have released draft regulations that will compel generative artificial intelligence – the software systems like the one underpinning ChatGPT – to follow the Chinese Communist Party’s (CCP) strict censorship rules, The New York Times reported on Monday. Generative
Publishers seeking to apply existing copyright laws to ChatGPT and other AI-generated works may face an uphill struggle. Copyright laws such as the European Union’s copyright directive ensure that media outlets have the right to seek fair compensation from social
The United States has started contemplating regulation of AI, following the lead of China and Europe. AI has become the tech buzzword of the year, with multiple giants embracing this trend. The November launch of ChatGPT saw the AI-powered chatbot
Regulators in Canada and Europe are coming down hard on AI chatbot ChatGPT following complaints about OpenAI’s handling of personal information. Canada’s privacy watchdog announced an investigation into the bot’s privacy-related practices and European authorities are tightening the screws against
The Economic Ministry of France has published a metaverse consultation, seeking input from the public about “immersive virtual worlds of tomorrow.” Featuring seven questions, the questionnaire seeks to gain a better understanding of user perceptions around expanding digital realms like
The European Union (EU) is concerned that tech giants could act as gatekeepers to the metaverse, which it calls Web 4.0, stifling smaller players from entering the field and creating a virtual monopoly. To prevent this eventuality Europe’s governing body
Germany’s Federal Office of Justice (BFJ) has initiated action against Twitter, arguing the popular microblogging site failed to deal effectively with illegal content. “The Internet is not a lawless space,” said Marco Buschmann, Minister of Justice. He says Twitter failed
ChatGPT has taken over the artificial intelligence (AI) market and its capabilities in answering all manner of questions promptly has led to the application being banned by Italy which has led the country’s deputy prime minister to call the ban
The European Union Agency for Law Enforcement Cooperation (Europol) is warning that criminals are already bending ChatGPT to nefarious purposes. The report titled ChatGPT: The impact of Large Language Models on Law Enforcement was released by the agency on Monday.
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