• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Will Trump Pardon Sam Bankman-Fried? Polymarket Odds Surge as Traders React to CZ’s Release
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Will Trump Pardon Sam Bankman-Fried? Polymarket Odds Surge as Traders React to CZ’s Release
Crypto

Crypto, AI And Regulatory Alarms: EU Financial Watchdog Warnings Unveiled

Christian Encila
by Christian Encila
2 years ago
·
Posted in Crypto News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Artificial intelligence and crypto take center stage in the European Securities and Markets Authority’s (ESMA) second Trends, Risks, and Vulnerabilities (TRV) Report of 2023.

ESMA’s report highlights the ever-evolving landscape of cryptocurrencies and artificial intelligence while sounding the alarm about associated risks and the urgent need for regulatory measures.

A primary concern illuminated by ESMA is the growing risk of cyberattacks. The report underscores a significant increase in publicly disclosed cyberattacks targeting financial institutions, with cryptocurrencies frequently at the epicenter of these attacks. 

This surge in malicious activity underscores the critical necessity of implementing robust security measures to protect digital assets in today’s increasingly digitalized financial environment.

Related Reading: Brazilian Football Star Ronaldinho No-Show At Crypto Scam Hearing

Demands for Regulatory Clarity in the Crypto Space

ESMA’s report also emphasizes the pressing need for comprehensive regulations to uphold market integrity and safeguard consumers. The absence of a uniform regulatory framework across different jurisdictions remains a significant challenge, leaving the market vulnerable to fraud and money laundering risks.

ESMA calls for international cooperation and the harmonization of regulations to effectively address these pressing issues.

As of today, the market cap of cryptocurrencies reached $1.02 trillion. Chart: TradingView.com

With the rapid rise of stablecoins like Tether (USDT) and Binance USD (BUSD), ESMA sheds light on a new and emerging challenge. These assets, designed to maintain a stable value by pegging themselves to traditional currencies, raise questions about their underlying stability and regulatory oversight. 

The report underscores the potential market instability stemming from the lack of clarity regarding how these stablecoins are linked to conventional currencies.

Ethical AI and Data Privacy

Transitioning its focus to the domain of artificial intelligence, ESMA raises ethical concerns surrounding AI’s use, particularly in decision-making processes affecting consumer well-being. The report advocates for transparent and bias-free AI algorithms, underlining the significance of ethical AI practices to maintain public trust.

Related Reading: Bitcoin Advocate US Presidential Candidate Drops Out Of Race – Here’s Why

Furthermore, ESMA identifies the adoption of AI in financial markets as a substantial source of data privacy risks. Robust data protection laws are deemed indispensable to safeguard consumer information, ensuring that personal data remains secure as AI continues to shape the financial landscape.

In a statement, ESMA asserted:

“As ChatGPT and generative AI become integrated into financial markets, closely monitoring and addressing potential risks and implications remains essential to ensure that market participants harness the benefits of these technologies while continuing to operate in a safe and trustworthy financial ecosystem.”

ESMA’s latest TRV Report for 2023 underscores the urgent need for regulatory clarity and ethical practices to safeguard market integrity and protect consumers in this rapidly evolving landscape. As financial markets continue to evolve, so too must the regulations and safeguards that govern them.

Featured image from Venture Beat

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Christian Encila

Christian Encila

Follow

Christian, a journalist and editor with leadership roles in Philippine and Canadian media, is fueled by his love for writing and cryptocurrency. Off-screen, he's a cook and cinephile who's constantly intrigued by the size of the universe.

Full Profile

Related Posts

chainlink, Ethereum, DeFi, Bitcoin, Ondo

Ondo Finance Brings Tokenized Stocks, ETFs To BNB Chain With New Expansion

1 hour ago
VISA Mastercard Circle

Circle Launches Arc Testnet With Visa, Mastercard, and BlackRock to Bridge TradFi and Blockchain

2 hours ago
litecoin-etf-launches-ltc-breaks-100-bitcoin-hyper-presale-tw

萊特幣ETF正式上市LTC突破百元關口 Bitcoin Hyper預售掀新一輪資金熱潮

4 hours ago
JPMorgan bespreekt SOL en XRP ETF - gigantische crypto koers pump onderweg

JPMorgan bespreekt SOL en XRP ETF – gigantische crypto koers pump onderweg

13 hours ago
criptomonede

Criptomonede în atenția FED: Shift‑ul de lichiditate care ar putea declanșa următorul bull run

14 hours ago
Solana

Solana Lands Major Win As Western Union Goes Crypto

16 hours ago

Premium Sponsors

Press Releases

  • Crypto Predictions Confirmed: Tundra Presale Creating...

    16 hours ago
  • DDEX Launches Trade-to-Earn: Redefining Decentralized Trading Through Incentives

    DDEX Launches Trade-to-Earn: Redefining Decentralized...

    16 hours ago
  • меме койни

    Най-добрите меме монети за...

    18 hours ago
  • Белият дом туит

    Туитът за Белия дом на GameStop...

    2 days ago
  • ...

    2 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.