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European Union pushes forward with first AI framework: Law Decoded, April 24–May 1

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High-risk tools will not be banned entirely, though they will be subjected to stricter transparency procedures.

Legislators in the European Union have pushed forward with a draft of a new bill designed to keep artificial intelligence technology in check. According to the bill, the high-risk tools will not be banned entirely, though they will be subjected to stricter transparency procedures. In particular, generative AI tools, including ChatGPT and Midjourney, will be obliged to disclose any use of copyrighted materials in AI training.

The AI developers came under intense scrutiny in Europe recently, with Italy being the first Western nation to temporarily ban ChatGPT. Last week regulators in Germany followed by demanding answers from OpenAI concerning the company’s intentions and ability to comply with the strict data privacy laws enshrined in the EU’s General Data Protection Regulations (GDPR). Marit Hansen, the commissioner for the northern German state of Schleswig-Holstein, told AFP reporters that regulators in Germany “want to know if a data protection impact assessment has been carried out and if the data protection risks are under control.”

Europe’s data watchdog Wojciech Wiewiórowski predicts a sour predicament for United States-based AI companies currently being investigated for alleged GDPR violations. According to Wiewiórowski, OpenAI now finds itself between a European rock and a U.S. hard place, legally speaking. As regulators in the EU look to crack down, U.S. lawmakers could be eyeing European developments as a possible local template.

Meanwhile, Mira Murati, the chief technology officer at OpenAI, believes government regulators should be “very involved” in developing safety standards for deploying advanced AI models such as ChatGPT. However, she doesn’t see a proposed six-month pause on development as the right way to go.

LUNA is not a security, Korean court rules

A South Korean district court has dismissed charges of security violations against former Terraform Labs CEO and co-founder Hyun-seong Shin. The court deemed Terra (LUNA) — the native token of the Terra ecosystem — as non-security under the country’s Capital Markets Act. Other courts had previously used cautious language, suggesting “there is room for dispute in terms of the law” and “it is questionable whether the Capital Market Act can be applied.”

Do Kwon, co-founder and CEO of Terraform Labs, has asked for the dismissal of charges against him by the U.S. Securities and Exchange Commission (SEC). Kwon argues the SEC’s claims are invalid, pushing back against the agency’s position that tokens, including Mirror Protocol (MIR), Luna Classic (LUNC) and TerraUSD Classic (USTC), are securities. Additionally, Kwon’s counsel says the agency lacked the proper jurisdiction to bring charges against Kwon and Terraform Labs because Terra’s tokens and projects were “aimed at the world” and did not specifically target U.S. investors.

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Apple’s outside payments ban ruled unlawful

A California court ruled Apple violated state competition laws by barring app developers from using alternative in-app payment methods apart from its own, which includes a 30% commission. The U.S. Court of Appeals made the April 24 ruling for the ninth circuit in the case of Apple vs. Epic Games — the creator of the video game Fortnite. The court upheld a lower court’s decision from 2021 and said Apple’s anti-steering provision harmed Epic. The decision may clear the path for cryptocurrency and nonfungible token (NFT) projects to add more functionality to their iOS apps.

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Kraken asks San Francisco court to intervene against IRS demands

Crypto exchange Kraken is fighting the U.S. Internal Revenue Service (IRS) and its demands to present critical exchange user information to a court. The exchange deemed the IRS’s demand for customer information as an “unjustified treasure hunt.” Kraken’s pushback against the IRS comes in reaction to the agency’s February summons demanding additional user information to identify Kraken accounts with at least $20,000 of cryptocurrency trading in any single year between 2016 and 2020.

In its request, the company cited Coinbase’s case from 2017 and said that the tax agency has gone far beyond the rules set by U.S. district judge Jacqueline Scott Corley. In the Coinbase case, the agency scaled back its initial demand after Coinbase’s continuous refusal.

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  • 14.10.25 08:46 robertalfred175

    CRYPTO SCAM RECOVERY SUCCESSFUL – A TESTIMONIAL OF LOST PASSWORD TO YOUR DIGITAL WALLET BACK. My name is Robert Alfred, Am from Australia. I’m sharing my experience in the hope that it helps others who have been victims of crypto scams. A few months ago, I fell victim to a fraudulent crypto investment scheme linked to a broker company. I had invested heavily during a time when Bitcoin prices were rising, thinking it was a good opportunity. Unfortunately, I was scammed out of $120,000 AUD and the broker denied me access to my digital wallet and assets. It was a devastating experience that caused many sleepless nights. Crypto scams are increasingly common and often involve fake trading platforms, phishing attacks, and misleading investment opportunities. In my desperation, a friend from the crypto community recommended Capital Crypto Recovery Service, known for helping victims recover lost or stolen funds. After doing some research and reading multiple positive reviews, I reached out to Capital Crypto Recovery. I provided all the necessary information—wallet addresses, transaction history, and communication logs. Their expert team responded immediately and began investigating. Using advanced blockchain tracking techniques, they were able to trace the stolen Dogecoin, identify the scammer’s wallet, and coordinate with relevant authorities to freeze the funds before they could be moved. Incredibly, within 24 hours, Capital Crypto Recovery successfully recovered the majority of my stolen crypto assets. I was beyond relieved and truly grateful. Their professionalism, transparency, and constant communication throughout the process gave me hope during a very difficult time. If you’ve been a victim of a crypto scam, I highly recommend them with full confidence contacting: 📧 Email: [email protected] 📱 Telegram: @Capitalcryptorecover Contact: [email protected] 📞 Call/Text: +1 (336) 390-6684 🌐 Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 18:07 crypto

    Cryptocurrency's digital realm presents many opportunities, but it also conceals complex frauds. It is quite painful to lose your cryptocurrency to scam. You can feel harassed and lost as a result. If you have been the victim of a cryptocurrency scam, this guide explains what to do ASAP. Following these procedures will help you avoid further issues or get your money back. Communication with Marie ([email protected] and WhatsApp: +1 7127594675) can make all the difference.

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

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