The various investigations by the European Union are to be concluded within 12 months, after which the Commission will inform the companies of its findings and explain the measures it is considering taking.
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.
Affected technologies on EU's assessments include AI, advanced semiconductors, biotechnologies, and quantum technologies, with member nations given until the end of the year to submit their reports.
The European Commission is throwing its hat into the ring to become “a world leader in Web 4.0 and virtual worlds” in a bid to steer the new technological transition and “ensure secure, trustworthy, fair and inclusive empowerment.”
MiCA will come into force in 2024, but the June 11 consultation is further evidence of a ramping up of efforts in the bloc to implement its far-reaching digital asset goals.
The European Commission’s bill underpins the right of every resident in the eurozone to pay for free with the digital euro while protecting user privacy and security.
The European Blockchain Services Infrastructure said that blockchain infrastructure provider Protokol would carry out the project as part of efforts to explore use cases for Web3.
The EU hub will research the impact of the artificial intelligence algorithms used by online platforms, while Microsoft wants to cut its reliance on Nvidia chips for its AI venture.
Members of the European Union Parliament want the EU Commission and President Joe Biden to lead the development of governance models for AI, as Google CEO and Musk shoot AI warnings.
Having been approved by the European Parliament, the data law will now be sent to the EU Council and European Commission for negotiations, with the first round of negotiations scheduled for March 28.
The proposed change to the AML rules fills a noticeable gap in the EU’s landmark Markets in Crypto-Assets (MiCA) regulation, which currently excludes NFTs from its remit.
The European Blockchain Regulatory Sandbox will host 20 blockchain projects annually until 2026, pairing them up with the right regulators for guidance.
