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OpenAI's ChatGPT Under GDPR Investigation in Italy: Facing 30-Day Defense Deadline
Italian Data Protection Authority, Garante, has raised concerns over potential GDPR violations by OpenAI's ChatGPT, requiring OpenAI to defend its processing of personal data for 30 days.
Italy's G7 Presidency: Focus on AI Regulation, African Development, and Ukraine Support
Italian Prime Minister Giorgia Meloni outlined Italy's G7 presidency priorities for 2024, focusing on AI regulation, supporting African development, and maintaining support for Ukraine against Russia.
Italy and South Korea's Central Banks Forge a Path in CBDC Development
The Bank of Italy and the Bank of Korea have signed an MOU to collaborate on the development of Digital Currencies (CBDCs), a significant development in the digital currency sector.
ChatGPT Ban Lifted in Italy
Italy's data protection agency, Garante, has lifted the temporary ban on the interactive AI chatbot, ChatGPT, after the company addressed the privacy concerns raised by the watchdog. The ban was imposed due to ChatGPT's violation of the GDPR, and the company had to implement measures to comply with the Italian regulator's transparency demands before the ban was lifted.
Italy Bans Microsoft-Backed AI Chatbot
Italy's national data agency raised concerns about privacy violations and age verification, resulting in Microsoft-backed OpenAI taking ChatGPT offline. The Italian Deputy Prime Minister criticized the ban as excessive and harmful to national business and innovation. OpenAI stated it adheres to privacy regulations and is willing to cooperate with Italy's privacy regulatory body.
Italy Taxes Cryptocurrency Capital Gains 26%
Italy's Senate authorized a 26% capital gains tax on crypto-asset transactions above 2,000 euros (roughly $2,13 at publishing). Crypto assets may be transferred and kept digitally. Crypto assets were taxed less as foreign currency in the nation.
Italy will tax cryptocurrency earnings 26%
Italy will restrict digital currencies in 2023. Cryptocurrency trading earnings above 2,000 euros ($2,062) will incur a 26% capital gains tax. As "foreign money," digital currencies have enjoyed reduced tax rates. Portugal wants to tax cryptocurrency capital gains at 28%.
Crypto Exchange Coinify Gets Regulatory Approval to Operate in Italy
Denmark-based cryptocurrency exchange Coinify has announced that it has received regulatory approval to operate in Italy.
Crypto Exchange Blockchain.Com Joins Exchanges in Italy
Blockchain.com said the registration is an important part of its global plans to provide services across Europe and across the world, as the exchange just get approval from the Italian regulator.
Bitstamp Gets Regulatory Approval to Operate in Italy
Bitstamp achieved a major milestone by acquiring approval from Italian regulators to offer crypto services to its users.