Half the funds in the AI Opportunity Initiative will go toward upskilling European workers, as the rest goes to supporting local startups building on AI.
While the EU remains behind in AI adoption compared to other economic powerhouses, the region leads in blockchain adoption, launching various initiatives and regulations to strengthen its game.
The EBA's amended AML guidelines, the second landmark law passed after MiCA, will apply from December 30, 2024, with an aim to help digital asset firms identify risks and adjust their mitigation.
Deloitte debuts PairD, an in-house AI chatbot enhancing productivity for 80,000 employees in the Middle East and Europe with code and text generation, developed independently.
The ECB Rulebook Development Group report provides an insight into the technical aspects of the European Union’s central bank digital currency design.
Eurosystem has initiated trials for blockchain-based interbank transfers, assessing solutions like Italy's TIPS Hash and France's Full-DLT, open to diverse financial institutions for participation between May and November 2024.
The fate of block reward mining hangs in the balance following the European Commission methodology tender's conclusion, which seemingly hints at a ban, a move decried by pro-BTC miners.
Legislators in the European Union reached an agreement on the Artificial Intelligence Act, which aims to ensure that "fundamental rights, democracy, the rule of law and environmental sustainability are protected from high-risk AI."
The European Central Bank recently held a meeting in which it outlined the themes it’s exploring, including assessing the demand for a wholesale CBDC and the need for atomic payments.
Bundestag's Joana Cotar argues that BTC is a better alternative to cash than a CBDC, citing the possibility of regulators to heavily monitor the digital euro and misuse data.
The European Parliament voted 481 to 31 to back the Data Act, which requires smart contracts to have a kill switch and allow users to access the data they generate from smart devices.