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European Union Approves First Legislation to Regulate Artificial Intelligence

The European Union has enacted the world’s first law to regulate the artificial intelligence business. The founder of Bitcoin Fog, Roman Sterlingov, was convicted on money laundering charges. Meanwhile, major financial institutions have completed a pilot test using the Canton Network blockchain. Here are three key happenings that have impacted the bitcoin market during the last 24 hours.

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Bitcoin Fog Mastermind Eyes 20-Year Jail Term Amid Criminal Conviction

Roman Sterlingov, the brain of Bitcoin Fog crypto mixer, has been convicted by a jury on a four-count indictment that may result in 20 years in prison. The 35-year-old man behind Bitcoin Fog, a cryptocurrency mixing service, has been convicted for his involvement in various money laundering schemes.

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