This week’s special edition of Talking Europe asks whether the EU is ready for the disruption that comes with Artificial Intelligence. It is the most important technological revolution of the century, and is set to impact every aspect of our lives.
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UniCredit director Elena Carletti has warned Europe may struggle to contain a crypto bank crisis under MiCA rules. Summary UniCredit’s Elena Carletti warned Europe lacks tools to backstop crypto-linked deposits the way US regulators did after SVB. MiCA pushes stablecoin issuers closer to banks but EU deposit insurance is capped at €100,000. Carletti cited Circle’s $3.3 billion stuck at SVB in 2023 as the model risk Europe has not solved. UniCredit deputy vice chair Elena Carletti has warned that Europe may struggle to contain a crypto-linked banking shock under MiCA. The Italian bank executive said EU tools are weaker than the US emergency response of 2023. The comments land as MiCA pulls stablecoin issuers closer to traditional lenders. Carletti, who chairs UniCredit’s board risk committee, said at an IESE Business School conference in Madrid that the same systemic-risk exception used to guarantee a
France’s top markets regulator is issuing increasingly direct warnings to crypto firms ahead of a fast-approaching European Union (EU) deadline for licensing, Reuters reported on Thursday. Under the EU’s Markets in Crypto-Assets (MiCA) framework, crypto rules are tightening across the European Union for the issuance, trading, and custody of digital assets, and the regulator says […]
UniCredit director Elena Carletti has warned Europe may struggle to contain a crypto bank crisis under MiCA rules. UniCredit deputy vice chair Elena Carletti has warned that Europe may struggle to contain a crypto-linked banking shock under MiCA. The Italian…
Manna's drone delivery expansion into the US signals a major shift in global logistics dynamics.
The post Bobby Healy: Manna’s US expansion is driven by favorable regulations, achieving 300,000 deliveries showcases operational readiness, and drone delivery is becoming the consumer default in Europe | TWIST appeared first on Crypto Briefing.
The EU's ambitious chip production goals could reshape global tech supply chains, reducing dependency on foreign silicon and boosting local innovation.
The post EU seeks €120B to boost local chip production as global semiconductor race heats up appeared first on Crypto Briefing.
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All of the big AI models violate EU rules on AI and data protection to varying degrees, according to the nonprofit research foundation Aithos.
Aithos tested the models using its own tool, LARA (Legal Assessment for Real-world Agents), which simulates real-world situations where AI assistants may find themselves in legally questionable situations, according to The Register. The tests measure compliance with the GDPR and the EU’s AI Regulation, among other things and found the models collected user data without proper consent, attempted to manipulate vulnerable individuals, or created psychological profiles of users.
According to the results, all major language models failed to meet EU legal requirements; some violated the rules in up to 93% of cases. The best result was achieved by the Anthropic model Claude Opus 4.7, which was in compliance about 54% of the time.
Aithos warned that responsibility for the shortcomings does not lie solely with AI companies. Companies that build their
The push for a capital markets union could enhance EU economic sovereignty, reduce reliance on US financial networks, and boost market liquidity.
The post European Union’s six largest economies push for bloc-wide capital markets union appeared first on Crypto Briefing.
The hefty fine underscores the EU's commitment to enforcing digital safety, pressuring platforms to prioritize compliance over rapid expansion.
The post Temu fined $232M by EU for breaching Digital Services Act appeared first on Crypto Briefing.