South Korea has enacted comprehensive AI regulatory laws, raising concerns among startups that they may hinder development.

The post Italy passes law on AI outlining privacy and child access appeared on BitcoinEthereumNews.com. Italy has formally passed a sweeping new law to regulate artificial intelligence, becoming the first member of the European Union to roll out comprehensive legislation in step with the bloc’s landmark AI Act. The Italian Senate granted final approval after a year of debate, concluding what Prime Minister Giorgia Meloni’s government described as a decisive step in shaping how new technologies are deployed across the country. Italy sets tough penalties for offenders The legislation, ministers argue, lays out the boundaries for human-centric, transparent, and safe use of AI while balancing the need to foster innovation, cybersecurity, and economic growth. The law casts its net widely, and it stretches into healthcare, schools, the justice system, workplaces, sport, and the public sector. AI access for children under 14 has also been tightened, and it now requires parental consent. “This law brings innovation back within the perimeter of the public interest, steering AI toward growth, rights and full protection of citizens.” Alessio Butti, the undersecretary for digital transformation. Lawmakers also opted for a hard line on abuses. A new offence has been added to the criminal code covering the unlawful spread of AI-generated or manipulated content, such as deepfakes. Anyone found guilty faces between one and five years in prison if their actions cause harm. Using AI to commit fraud, identity theft, market manipulation, or money laundering will now be treated as an aggravating circumstance, raising potential sentences by a third. Judges remain the sole authority in legal rulings, though courts are empowered to demand rapid takedowns of illicit material. Government agencies to oversee its implementation Responsibility for enforcing the regime lies with the Agency for Digital Italy and the National Cybersecurity Agency, though existing financial watchdogs such as the Bank of Italy and Consob retain powers in their own spheres. The Department…

The post Ondo Finance launches USDY yieldcoin on Stellar network appeared on BitcoinEthereumNews.com. Key Takeaways Ondo Finance has launched its USDY yieldcoin on the Stellar blockchain network. USDY is Ondo’s flagship yieldcoin focused on real-world asset expansion. Ondo Finance launched its USDY yieldcoin on the Stellar blockchain network today. USDY is described as Ondo’s flagship yieldcoin and represents the company’s expansion of real-world assets onto the Stellar platform. The launch aims to provide yield access across global economies through Stellar’s international network infrastructure. The deployment connects traditional finance with blockchain-based solutions by bringing real-world asset exposure to Stellar’s ecosystem. Ondo Finance positions the move as part of efforts to broaden access to yield-generating opportunities worldwide. Source: https://cryptobriefing.com/ondo-finance-usdy-yieldcoin-stellar-launch/

XRP hovers on key support as Bloomberg’s McGlone warns of a breakdown while CryptoBull bets on a long consolidation before a major upside breakout. Bloomberg Senior