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Cyprus Pioneers Legislation Against AI-Driven Child Exploitation

In a significant legislative move, Cyprus has introduced a new law to combat AI-generated child abuse materials, a step that positions the nation at the cutting edge of child protection globally. Initiated by AKEL MP Christos Christofides, the law revises existing child protection statutes, addressing the threat posed by AI technologies.

Stricter Penalties And Broader Definitions

The amendment now includes AI-generated imagery in its legal scope, tightening penalties with potential imprisonment of up to 15 years for offenders. This pioneering statute not only broadens the legal definition of child pornography but also arms law enforcement with necessary tools to tackle these emerging digital threats.

AI’s Double-Edged Sword

AI technology, often trained using real images of exploited children, poses enormous challenges. According to Christofides, this legislation is crucial as Cyprus becomes the first EU country to enact such laws, setting a precedence even as larger-scale regulations are discussed at the European level.

Global Perspective: As of now, only a few countries, like South Korea and parts of the United States, have similar statutes. The urgency for international cooperation is underscored by staggering figures indicating that over 300 million children could potentially be affected annually by AI-assisted exploitation.

In exploring how technology reshapes our world, it’s evident that legislative measures like these are pivotal. For a wider view on AI advancements, see our article on How AI is Reshaping Game Development.

SEC Drops Lawsuit Against Gemini: A Major Turning Point In Crypto Regulation

SEC Dismisses Legal Action Against Gemini

The Securities and Exchange Commission has formally withdrawn its lawsuit against Gemini, the prominent crypto exchange founded by twins Cameron and Tyler Winklevoss. The move follows a joint court filing in which both the regulator and Gemini sought dismissal of the case that centered on the collapse of the Gemini Earn investment product, a debacle that left investors without access to their funds for 18 months.

Settlement And Regulatory Reassessment

In a significant development, a 2024 settlement between New York and Gemini ensured that investors recovered one hundred percent of their crypto assets loaned through the Gemini Earn program. The legal reprieve comes on the heels of actions initiated by New York Attorney General Letitia James, who accused Gemini of defrauding investors.

Political Backdrop And Industry Implications

This dismissal reinforces a broader trend of regulatory leniency toward the crypto sector noted during the Trump administration, which saw the SEC dismiss, pause, or reduce penalties in more than 60 percent of its pending crypto lawsuits. Meanwhile, Gemini’s recent public offering filing underscores its ambitions to solidify its status as a major player in the evolving digital asset market.

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