Cryptocurrencies

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Polish startup ElevenLabs among the so-called unicorns, Elon Musk's visit to Poland, and further copyright infringements by generative AI. What else have we lived through in the past week?

The second quarter of 2024 will bring significant changes to the cryptocurrency market. The responsibility for supervising this sector will be taken over by the Financial Supervision Authority (KNF), which will receive expanded powers, including the ability to supervise and impose penalties.

Another scandal in the world of cryptocurrencies with money laundering in the background, Germany and France block the EU AI Act, and IAA Poland initiates the Round Table of Influencer Marketing. We invite you to another review of the week from the Digitized editorial team.

Binance, the largest cryptocurrency exchange in the world and its leader Changpeng Zhao, as part of a settlement with the American government, admitted to participating in money laundering, evading sanctions, and other illegal activities. Zhao will face charges, and the company will incur a financial penalty.

The fall of WeWork and the verdict of Sam Bankman-Fried. Additionally, AI Safety Summit, Elon Musk's new chatbot and the proceedings of the Polish UODO against OpenAI. This is what we lived through in the first week of November 2023.

The decision of the jury shook the world of finance. The young creator of one of the largest cryptocurrency exchanges, Sam Bankman-Freid, faced seven charges in court, including fraud and money laundering. He faces a penalty of up to 115 years of imprisonment.