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EU REGULATOR SETS SIGHTS ON AI AND TOKENIZATION IN 2027
• The European Securities and Markets Authority (ESMA) has announced plans to prioritize the supervision of AI and tokenization in the EU financial sector starting from 2027.
• ESMA's new supervisory priorities aim to address the increasing use of AI and tokenization in financial markets, with a focus on ensuring transparency, security, and consumer protection.
• The regulator has identified potential risks associated with the use of AI in financial services, including bias, lack of explainability, and cybersecurity threats.
• Tokenization, which involves the digital representation of assets on blockchain technology, is also expected to be a key area of focus, with ESMA looking to ensure that tokenized assets are properly regulated and supervised.
Follow for live updates on regulatory developments!
📡 Via CoinDesk
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#crypto #newsdaily #news #BREAKING #BTC $BTC $ETH
EU REGULATOR SETS SIGHTS ON AI AND TOKENIZATION IN 2027
• The European Securities and Markets Authority (ESMA) has announced plans to prioritize the supervision of AI and tokenization in the EU financial sector starting from 2027.
• ESMA's new supervisory priorities aim to address the increasing use of AI and tokenization in financial markets, with a focus on ensuring transparency, security, and consumer protection.
• The regulator has identified potential risks associated with the use of AI in financial services, including bias, lack of explainability, and cybersecurity threats.
• Tokenization, which involves the digital representation of assets on blockchain technology, is also expected to be a key area of focus, with ESMA looking to ensure that tokenized assets are properly regulated and supervised.
Follow for live updates on regulatory developments!
📡 Via CoinDesk
👍 Like and follow for more informative content like this!
#crypto #newsdaily #news #BREAKING #BTC $BTC $ETH