AI Act and stablecoin regulations in the EU, 30% crypto mining tax in the US: Law Decoded

The European Parliament granted final approval to the European Union’s artificial intelligence law, one of the world’s first set of comprehensive AI regulations.

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The European Parliament has granted final approval to the European Union’s artificial intelligence (AI) law — the EU AI Act — which marks one of the world’s first set of comprehensive AI regulations.

The bill will go to a second vote in April and be published in the Official Journal of the European Union, likely in May. The EU AI Act places machine learning models into four categories based on the risk they pose to society, with high-risk models subject to the most restrictive rules.

“High-risk” applications include critical infrastructures, educational or vocational training, safety components of products, essential private and public services, law enforcement that may interfere with people’s fundamental rights, migration and border control management and administration of justice and democratic processes.

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