Italian regulators demand transparency to lift ChatGPT ban
Garante, the Italian data protection regulator, has outlined the steps OpenAI must take to revoke an order imposed on ChatGPT which includes mandating increased transparency and age verification measures to protect user privacy. The directive was issued in March of 2023. The watchdog suspected the artificial intelligence (AI) chatbot service of violating the General Data […]
Italy Bans ChatGPT Over Data Privacy Failings
Italian privacy enforcers have opened an investigation into ChatGPT for violating EU and Italian privacy laws by collecting personal data of the citizens. The artificial intelligence chatbot ChatGPT has been temporarily blocked by Italy’s watchdog for data protection, and an inquiry into possible violations of data privacy laws has been launched. The American company OpenAI, […]
Italy will create crypto art Renaissance: NFT market report
Research and Market’s latest NFT market report for Italy predicts a 47.6% growth in the country’s NFT market by the end of 2022. With centuries of history, art, and culture, Italy is one of Europe’s cultural centers. According to a recent analysis, the nonfungible token (NFT) market is now positioned to usher in a cryptographic […]
Italy Wants To Tax Crypto Gains At 26% From 2023
A provision in Italy’s 2023 budget plan looks to implement a 26% levy on capital gains earned from digital asset sales where the profit exceeds 2,000 euros. According to budget documents made public on December 1, Italy intends to impose stricter rules on digital currencies in 2023 by extending its tax laws to cover cryptocurrency […]
Binance exchange faces another regulation in Italy
Italian Companies and Exchange Commission has warned Italians to avoid trading with Binance as the cryptocurrency exchange is not authorized to facilitate crypto investment services in the country. The Italian Entities and Exchange Commission (CONSOB) , Italy’s securities market regulator, has published a statement stating that Binance Group and connected companies are not authorized to […]