Learning Outcomes

What are the global legislative frameworks around emerging technologies?

• The global legislative frameworks around emerging technologies include international treaties, national laws, and industry standards.

• The global legislative frameworks around emerging technologies are limited to national laws only.

• The global legislative frameworks around emerging technologies are solely based on industry standards.

• There are no global legislative frameworks around emerging technologies.

What are the governance challenges in blockchain, AI, and cryptocurrency systems?

• Decentralization and lack of regulation

• High transaction fees

• Scalability issues

• Energy consumption concerns

Academic and policy models can be applied to assess legal risk and compliance strategies by:

• providing a structured framework for analysis

• ignoring the regulatory environment

• focusing solely on financial outcomes

• eliminating the need for legal counsel

How can real-world legal cases involving AI and decentralized tech be evaluated?

• By analyzing existing legal frameworks and precedents

• By ignoring the technological aspects

• By focusing only on the ethical implications

• By considering only the financial impact

The EU MiCA Regulation (2023) classifies and oversees:

• cryptocurrencies and digital assets

• environmental policies

• trade agreements

• educational standards

The U.S. SEC Regulation & Howey Test defines what?

• Securities and Exchange Commission's authority

• Definition of an investment contract

• Guidelines for financial audits

• Rules for stock market trading

The FATF Travel Rule applies to:

• financial institutions and cryptocurrency exchanges

• travel agencies and airlines

• hotel chains and hospitality services

• international shipping companies

According to UK FCA Guidance, cryptoassets are categorized into which types of tokens?

• Security tokens, Utility tokens, Exchange tokens

• Equity tokens, Debt tokens, Commodity tokens

• Payment tokens, Asset tokens, Hybrid tokens

• Investment tokens, Governance tokens, Reward tokens

What is the EU AI Act (2024 - pending finalization) about?

• It promotes high-risk AI

• It bans high-risk AI and regulates limited-risk systems like chatbots

• It encourages the use of chatbots

Which of the following are key requirements of GDPR (EU) for AI systems?

• Data protection by design and by default

• Regular data protection impact assessments

• Appointment of a Data Protection Officer

• All of the above