Italy Archives

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16 June, 2024

Project Leonidas update: Italian banks complete wholesale CBDC trial

The Italian Banking Association trialed a wholesale CBDC issuance within a DLT environment, with atomicity, transparency and traceability as the...

Italy: AI-using Trento city fined over data protection rules violations

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11 February, 2024

Italy: AI-using Trento city fined over data protection rules violations

Authorities fined the city for using artificial intelligence in street surveillance projects, which integrated an AI-powered facial recognition system in...

Italian regulator accuses OpenAI of violating data protection laws

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4 February, 2024

Italian regulator accuses OpenAI of violating data protection laws

OpenAI’s ChatGPT violates the provisions of the European Union’s GDPR, the regional bloc’s rule book on information privacy, according to...

AI regulation on top of Italy’s priority list as it takes on G7 presidency

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10 January, 2024

AI regulation on top of Italy’s priority list as it takes on G7 presidency

Italy, as the new G7 president, prioritizes AI regulation for industry innovation, with Prime Minister Giorgia Meloni planning a dedicated...

Italy, South Korea sign MOU for CBDC, payment systems and ICT

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9 December, 2023

Italy, South Korea sign MOU for CBDC, payment systems and ICT

The central banks of Italy and South Korea have signed a memorandum of understanding for a central bank digital currency...

Italy launches probe into AI data scraping

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28 November, 2023

Italy launches probe into AI data scraping

The Italian Data Protection Authority has launched a fact-finding mission to investigate how companies collect data to train their artificial...

18 Italian banks collaborate for wholesale CBDC relying on blockchain

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21 June, 2023

18 Italian banks collaborate for wholesale CBDC relying on blockchain

Exploring blockchain payment solutions, the Bank of Italy introduces Project Leonidas, a scheme that 14 local banks will drive in...

Italy earmarks $33M for workers at risk of replacement by AI

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23 May, 2023

Italy earmarks $33M for workers at risk of replacement by AI

Italy will use the money to boost the skills of those at risk of AI replacement and train unemployed people...

Italian banks support digital euro, but express concern over bank disintermediation

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24 March, 2023

Italian banks support digital euro, but express concern over bank disintermediation

The Italian Banking Association wants a programable digital euro—which the European Central Bank is against—as long as it complements existing...

Digital assets and DLT have utility, but they must be strictly regulated: Italian central bank

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9 February, 2023

Digital assets and DLT have utility, but they must be strictly regulated: Italian central bank

“Crypto-assets with no intrinsic value” must be curtailed while also noting that digital assets can reduce cross-border costs, according to...

Italian parliament approves 26% gains tax on digital assets