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​​🗓 Weekly Digest: Implementation Plan for AI by the Ministry of Digital Transformation, Bitcoin Transaction Tracking in India, Deepfakes Exploiting Celebrities, and More

2023-10-09

Ukraine Unveils Plan to Regulate the AI Sector

The Ministry of Digital Transformation of Ukraine has introduced a roadmap for creating a regulatory framework in the field of artificial intelligence (AI). Its purpose is to provide businesses with time to prepare for new standards in the industry. According to the official statement from the department, the regulatory framework will be based on the European AI Act.The Ministry of Digital Transformation's roadmap looks as follows:1st stage - 2-3 years. During this stage, the department plans to assess the sector's risks, implement classification, develop a white paper and publish it, as well as launch a regulatory sandbox.2nd stage - gradual implementation of the principles laid out in the AI Act.

Scam Deepfakes Featuring Tom Hanks, MrBeast, and Others Circulate Online

Actor Tom Hanks, YouTuber MrBeast, and journalist Gayle King have warned about the publication of fraudulent advertisements featuring their faces, which are actually generated using artificial intelligence (AI).Tom Hanks' face was used to promote dental services, Gayle King's for radio shows, and YouTube blogger MrBeast revealed that his deepfake is actively being used by scammers to promote iPhone giveaways.

India to Launch a Bitcoin Exchange Transaction Tracking Database

In India, a global database is being developed to collect information about all cryptocurrency exchanges, including those operating on the dark web. Law enforcement agencies will be able to access information about crypto assets and trace their usage in criminal activities and money laundering. According to the announcement, the initiative is scheduled to launch by the end of 2023 or in March of the following year.

South Korea's Central Bank to Pilot CBDC Development

The Central Bank of South Korea (BoK) has announced plans to launch a pilot project to explore the technical infrastructure for central bank digital currencies (CBDCs). Private banks and government institutions will participate in this experiment. According to the statement, the pilot project will assess the viability of the future monetary system.

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