Artificial Intelligence (AI) took center stage at the G7 summit in Apulia, Italy earlier this month, where leaders emphasized the importance of its safe and responsible development across country lines. Also in June, the OECD...more
Global cooperation on AI safety has clearly been the topic of the month – with the Seoul Declaration for Safe, Innovative, and Inclusive AI, as well as the OECD’s publication on universal concepts of AI and cybersecurity. The...more
April saw further regulatory and policy developments across AI and digital assets. The continuously high level of activity across so many legislators is fully in line with the findings of the newly published AI Index Report...more
Aside from the AI Act’s final blessing by the European Parliament earlier in March (extensively covered by our previous Monthly Notes), the past month was dominated by legislative activities across the globe in the field of...more
The EU AI Act is on the verge of becoming the first law to specifically govern the use of artificial intelligence at a European level. In light of the extensive set of new obligations imposed on companies, and considering the...more
February has been another intense month for legislators around the globe. Shortly after the release of the final text of the EU's AI Act at the beginning of the month, the European Commission proposed a new regulation for the...more
In December 2023, political agreement was reached by EU policy makers on all substantive aspects of the EU Artificial Intelligence Act. Since then, the close-to-final text of this transformational piece of European...more
November has been another intense month in terms of digital technology regulation - with the Bletchley Declaration concluding the UK-hosted AI Safety Summit; the OECD's proposal for a universally applicable definition of AI;...more
Just as society as a whole, businesses of all kinds are steeped in a process of deep digital transformation. The law is particularly important in this context, giving answers to questions such as, ‘who is liable if anything...more
2023 has been a defining year for digital assets and blockchain, with a number of jurisdictions publishing new regulatory frameworks, cementing the importance of digital assets and blockchain into legislation.
As the...more
As part of our Consumer Horizons series, we conducted a webinar on the legal implications of artificial intelligence in the consumer business. Our speakers James Denvil, PJ Kaur, Florian Unseld and Leo von Gerlach looked into...more
Artificial intelligence (AI) and machine learning (ML) technology have started to transform financial services and bring about new business opportunities, but with risks. AI governance should be adopted by financial...more
2022 promises to be a defining year for digital assets and blockchain, as governments move from a watch and wait position to delivering regulatory frameworks and taking strides to harness the potential of the technology....more
10/6/2022
/ Anti-Money Laundering ,
Blockchain ,
Cryptocurrency ,
Decentralized Finance (DeFi) ,
Digital Assets ,
Distributed Ledger Technology (DLT) ,
Emerging Markets ,
Ethereum ,
Non-Fungible Tokens (NFTs) ,
Popular ,
Smart Contracts
Governments and legislators in the EU and US have issued a number of crypto related communications during the last days and weeks. They coincide with (and sometimes react to) the war in Ukraine and the horrors that it has...more
The European Central Bank (ECB) has just kicked off an “investigation phase” to explore different options for the digital Euro. This phase of detailed consideration for a European version of a Central Bank Digital Currency...more
You might expect that the European Commission, eager to act as an innovative regulator, to have non-fungible tokens, NFTs, firmly on their radar and to have dedicated a relevant part of its regulation for cryptoassets, MiCA,...more
As in other fields of digital transformation, the EU Commission wants to set a standard with its draft regulations for both cryptoassets, and artificial intelligence. But is it ready for the challenge? Both technologies will...more
9/7/2021
/ Artificial Intelligence ,
Blockchain ,
Cryptoassets ,
Cryptocurrency ,
Cybersecurity ,
Digital Services ,
Distributed Ledger Technology (DLT) ,
European Commission ,
Financial Regulatory Agencies ,
Financial Services Industry ,
FinTech ,
Non-Fungible Tokens (NFTs) ,
Popular
Focus I: International black market trade -
Among the industries that suffer most from black and grey market activities, the pharmaceutical sector sadly holds one of the top positions. The World Health Organization (WHO)...more