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UNESCO launches consultation on fair compensation for news in the AI era

UNESCO has launched a global consultation on its Draft Guidance on Fair Compensation for News, seeking input on how journalism should be remunerated as digital platforms and AI systems increasingly rely on news content.

The draft guidance argues that the media sector is undergoing significant structural change, including declining funding for public-interest journalism and the contraction or closure of local and community news outlets.

According to UNESCO, a small number of major digital platforms and AI companies now play a central role in content discovery, audience access, and digital advertising markets. These developments have significantly altered the economic conditions in which journalism operates.

Governments, regulators, media organisations, civil society groups, academics and other stakeholders are invited to submit feedback until 30 July. UNESCO will also hold regional online roundtables to gather additional input.

The initiative builds on UNESCO’s 2023 Guidelines for the Governance of Digital Platforms and its broader work on AI governance and media sustainability. UNESCO expects to publish the final guidance, together with a summary of consultation contributions, later this year.

Why does it matter?

The consultation reflects growing international concern about the sustainability of journalism in a digital environment increasingly shaped by large technology platforms and AI systems. As news content is used to power search engines, recommendation systems and generative AI applications, policymakers and media organisations are debating how value created from journalistic work should be shared with the publishers and journalists who produce it.

The initiative also sits at the intersection of media policy, platform governance and AI regulation. Questions surrounding compensation, transparency and access to content are becoming increasingly important as AI systems change how people discover and consume news. UNESCO’s guidance could help inform future regulatory approaches and industry practices aimed at supporting independent journalism while preserving an open and innovative digital ecosystem.

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Cybercriminals exploit World Cup hype with phishing schemes

Cybercriminals are exploiting World Cup interest through fake streaming platforms, phishing campaigns, counterfeit online stores and betting-related scams, according to Kaspersky researchers.

The security company said it had identified more than 336 fake websites designed to imitate official World Cup pages. Many scams target fans looking for cheaper tickets, free match streams or tournament merchandise.

Some fake streaming sites ask users to register and pay for access to matches, sometimes using cryptocurrency. Others collect personal data that can later be used in further phishing attacks.

Kaspersky also identified counterfeit merchandise shops, fraudulent betting schemes and phishing emails promoting fake offers or paid predictions. Some scams rely on urgency, limited-time claims and professional-looking websites to pressure users into sharing payment or personal information.

The company warned that AI-generated websites and more polished scam designs are making fraudulent pages harder to distinguish from legitimate services during high-demand events.

Kaspersky advised fans to use official sources, check website addresses carefully and avoid offers that promise free access, unrealistic discounts or guaranteed betting results.

Why does it matter?

Major sporting events create ideal conditions for online fraud because demand, urgency and emotion are all high. World Cup scams show how criminals combine phishing, fake e-commerce, streaming fraud and social engineering to steal money and personal data. The use of polished or AI-generated websites also reflects a wider challenge for consumer protection: scams are becoming easier to create at scale and harder for users to recognise.

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EU selects EUROPA consortium to build multilingual frontier AI model

The European Commission has selected the EUROPA consortium, led by Italian company Domyn, as the winner of its Frontier AI Grand Challenge. The project will develop a large-scale open-source AI model capable of operating across all 24 official languages of the EU.

Launched in February 2026, the competition challenged European AI innovators to propose a frontier model exceeding 400 billion parameters, a scale typically associated with some of the world’s most advanced AI systems.

The Commission said the initiative demonstrates Europe’s capacity to develop advanced AI using its domestic talent, infrastructure and industrial capabilities.

The EUROPA model will be openly accessible and designed to support businesses, researchers, public institutions and developers across the EU. By covering every official EU language, the project aims to address Europe’s linguistic diversity while expanding access to advanced AI technologies.

The Commission views the project as a strategic step towards greater technological sovereignty, strengthening Europe’s AI ecosystem while promoting openness, trust and European values in AI development.

Why does it matter?

The EUROPA project reflects Europe’s growing determination to develop advanced AI capabilities within its own technological ecosystem. As AI becomes increasingly important for economic competitiveness, public services and scientific research, access to large-scale models is emerging as a strategic capability alongside semiconductors, cloud infrastructure and high-performance computing.

The initiative is also notable for its focus on linguistic diversity and open access. By developing a frontier model capable of operating across all 24 official EU languages and making it openly available, the project aims to broaden participation in AI innovation while reducing dependence on a small number of predominantly US-based providers. Its success could become an important test of Europe’s ability to combine technological sovereignty with open and collaborative AI development.

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EU introduces updated crypto anti-money laundering framework for 2027

The European Union has adopted new anti-money laundering (AML) rules that will prohibit regulated crypto-asset service providers from supporting privacy-focused cryptocurrencies from July 2027. The measures form part of a broader effort to strengthen oversight of financial activities considered vulnerable to money laundering and illicit finance.

Under the framework, crypto-asset service providers, including exchanges and custodians, will be required to apply enhanced customer due diligence measures to occasional crypto transactions valued at €1,000 or more. Anonymous crypto accounts and services designed to increase transaction anonymity will also be banned within the regulated sector.

Despite the stricter requirements, direct transfers between self-hosted crypto wallets will not be subject to mandatory identity verification obligations. Customer identification obligations will apply primarily when regulated intermediaries are involved, while peer-to-peer transactions conducted without such entities remain outside the scope of the rules.

Beyond digital assets, the regulation introduces a €10,000 cap on commercial cash payments across the EU and expands AML obligations to additional sectors, including professional football, crowdfunding platforms, luxury goods dealers, and investment migration businesses.

New beneficial ownership disclosure requirements will also apply to companies, trusts, and certain non-EU entities operating within the EU.

Why does it matter?

The reforms represent one of the EU’s most significant efforts to create a unified anti-money laundering framework across member states. By introducing common standards for crypto-assets, cash transactions, beneficial ownership transparency and customer due diligence, the rules aim to reduce regulatory fragmentation and strengthen the bloc’s ability to detect and prevent illicit financial activity.

The measures also signal the continued integration of crypto-assets into mainstream financial regulation. While the EU is imposing stricter requirements on regulated intermediaries and anonymity-enhancing services, it is maintaining a distinction between supervised financial activity and peer-to-peer transactions involving self-hosted wallets. The balance struck by the framework may influence future AML approaches in other jurisdictions seeking to regulate digital assets while preserving elements of decentralised finance.

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Apple expands app distribution options in Brazil

Apple will introduce changes to iOS in Brazil following an agreement with the country’s competition regulator, Conselho Administrativo de Defesa Econômica.

The changes, beginning with iOS 26.5, will give developers new options to distribute apps through alternative app marketplaces, operate those marketplaces and process payments for digital goods and services outside Apple’s In-App Purchase system.

Apple said the changes reflect a recent agreement with CADE and are intended to create new options for developers in Brazil. The agreement follows competition scrutiny of Apple’s App Store rules in the country.

The company warned that alternative app distribution and payment options may create new risks, including malware, fraud, scams and privacy and security concerns. It said it has worked with CADE on measures designed to reduce those risks, including app notarisation, marketplace authorisation and protections for children.

Apple also said all current members of the Apple Developer Program must agree to updated licence terms by 6 July 2026 to access the new options in Brazil. The company has made online appointments available for developers seeking more information.

Why does it matter?

The changes show how competition enforcement is reshaping closed app ecosystems beyond the EU. Brazil’s intervention adds pressure on Apple to allow alternative distribution and payment models while preserving security and privacy safeguards. The case also highlights a recurring policy tension: regulators want more competition and developer choice, while Apple argues that opening iOS can increase risks for users.

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Japanese retirement fund explores crypto diversification strategy

A Japanese corporate pension fund is reportedly planning to allocate around 1% of its assets to cryptocurrencies from fiscal 2026, in a small but notable step towards digital asset exposure in traditional investment portfolios.

The National Business Corporate Pension Fund, based in Okayama, manages about ¥21.3 billion in assets for roughly 1,200 small and medium-sized enterprises, according to local media reports cited by crypto industry outlets.

The planned allocation would reportedly be made through a passive crypto fund managed by a hedge fund. It forms part of a broader portfolio adjustment aimed at diversifying currency exposure and reducing reliance on yen-denominated assets.

Reported changes for fiscal 2026 include reducing yen holdings while increasing exposure to other currencies, gold and crypto assets.

The move comes as Japan’s financial sector explores a wider role for digital assets. Recent policy developments include legislative efforts to bring crypto assets under the Financial Instruments and Exchange Act, while major Japanese banks are preparing live commercial transactions using a jointly issued stablecoin during fiscal 2026.

The pension fund’s proposed allocation remains small, but it suggests that digital assets are beginning to enter some long-term investment discussions in Japan’s institutional finance sector.

Why does it matter?

The reported allocation is small, but it points to a gradual normalisation of crypto as a diversification tool among some institutional investors. For pension funds, even limited exposure raises questions about risk management, fiduciary duties, volatility, custody and regulatory clarity. In Japan, the story also fits a broader shift towards treating digital assets as part of the regulated financial system, rather than only as speculative retail products.

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Ireland strengthens AML framework with focus on crypto-asset risks

Ireland has launched a new National Risk Assessment and a 30-point action plan aimed at strengthening its response to money laundering, terrorist financing, and proliferation financing risks. The framework identifies crypto-assets as a significant emerging vulnerability, reflecting their increasing use in complex and cross-border financial crime schemes.

The action plan introduces enhanced safeguards for digital finance, including stricter due diligence requirements when crypto-assets are used as a source of funds. The Gambling Regulatory Authority of Ireland has been tasked with developing standards to ensure firms verify the legitimacy and origin of crypto-related funds, with implementation expected by 2027.

Authorities also plan to strengthen supervisory powers, improve transparency around beneficial ownership and enhance coordination between financial crime and tax enforcement bodies. The approach targets evolving criminal methods combining cash-based laundering with digital tools, including crypto-assets and cross-border layering techniques.

The initiative also forms part of Ireland’s preparation for its 2028 international anti-money laundering evaluation.

Why does it matter?

The new framework reflects a broader regulatory shift toward treating crypto-assets as embedded components of financial crime risk rather than isolated instruments. By integrating digital asset controls into its AML framework, Ireland is improving detection of hybrid laundering schemes combining cash flows with blockchain transfers and aligning with international assessments.

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Sweden warns of growing criminal exploitation of digital payment systems

Sweden’s financial regulator, Finansinspektionen, has warned that organised criminal networks are increasingly exploiting weaknesses in payment systems and digital banking infrastructure. The assessment points to a more challenging risk environment driven by faster transactions, cross-border financial flows and increasing technological complexity.

Financial institutions across the Nordic region are expected to adopt more proactive and intelligence-led compliance approaches.

Retail banks remain primary targets because of their high transaction volumes and role in the initial placement of illicit funds. Criminals rely on shell companies and layered ownership structures to conceal beneficial ownership and bypass standard due diligence.

Regulators now expect stronger analytical capabilities and more robust identity verification processes, particularly within automated onboarding systems that may be vulnerable to fraud and mule-account creation.

Payment service providers and crypto-asset platforms are facing increased scrutiny because they enable the rapid movement of funds across jurisdictions. Authorities stress that real-time screening is now essential, as post-transaction analysis is no longer sufficient.

Crypto-related risks are amplified by mixing tools and decentralised systems, requiring strict origin-of-wealth checks and full compliance with travel rule standards.

Supervisory findings also highlight risks from professional enablers and compromised SMEs used to bypass controls. Insider involvement and distressed businesses can mask illicit activity through seemingly legitimate operations.

Finansinspektionen said stronger sanctions screening, continuous monitoring, and executive-level compliance oversight are essential to address evolving money laundering and illicit financing risks.

Why does it matter?

The warning reflects a broader shift in financial crime, where criminal organisations increasingly exploit the speed, scale and interconnected nature of modern financial systems. As digital payments, instant transfers and crypto-assets become more widely used, traditional compliance approaches based on retrospective reviews may struggle to keep pace with rapidly moving illicit funds.

The assessment also highlights the growing convergence of financial regulation, cybersecurity and digital governance. Financial institutions are increasingly expected to deploy advanced analytics, real-time monitoring and stronger identity verification controls to detect criminal activity before transactions are completed. Similar regulatory trends are emerging across Europe and other jurisdictions as authorities seek to strengthen resilience against money laundering, fraud and sanctions evasion.

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Stablecoin issuers face new customer verification requirements under the US GENIUS Act

US financial regulators have proposed new rules requiring certain payment stablecoin issuers to implement bank-style customer identification programmes under the GENIUS Act framework. The proposal would classify permitted stablecoin issuers as financial institutions under the Bank Secrecy Act, expanding compliance obligations to include customer identity verification and anti-money laundering (AML) controls.

Under the joint proposal issued by the Federal Reserve and other federal financial regulators, issuers would be required to collect and verify key customer information, including names, addresses, dates of birth and identification numbers before opening accounts.

Issuers would also be required to adopt risk-based procedures that enable them to reasonably verify customer identities based on their business model, operational scale and onboarding processes.

Regulators clarified that customer identification requirements would apply only to direct relationships between users and issuers, including issuance, redemption, custody and reserve-management services. Secondary market transactions, including user transfers and intermediary activity, would generally fall outside these obligations due to enforcement limitations.

The proposal is now open for public consultation and forms part of wider discussions on the interaction between federal and state regulatory frameworks under the GENIUS Act.

Why does it matter?

The proposal marks another step in integrating stablecoins into the mainstream financial regulatory framework. By applying customer identification and anti-money laundering requirements at the issuer level, regulators are seeking to reduce financial crime risks while allowing stablecoins to operate as regulated payment instruments.

The distinction between direct issuer relationships and secondary-market transactions is also significant. It reflects an attempt to balance compliance requirements with the decentralised nature of blockchain networks, where peer-to-peer transfers and intermediary activity can be difficult to monitor directly. The outcome of the consultation could help shape the future regulatory architecture for digital dollars and influence stablecoin oversight in other jurisdictions.

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Oman launches mandatory national Bitcoin mining pool

Oman has introduced a mandatory state-backed Bitcoin mining pool under its digital asset strategy, requiring all licensed miners to operate through a single national platform. The initiative reflects a broader effort to formalise and centralise crypto mining within a regulated framework while expanding Oman’s industrial-scale digital economy.

The national pool, Omanhash.com, was launched by the Ministry of Transport, Communications and Information Technology in partnership with Frontier Technologies LLC and supported by infrastructure provider Enegix Global.

The platform is expected to aggregate substantial computing power, giving authorities greater visibility into mining output, energy consumption and Bitcoin production within the country.

The framework consolidates existing mining investments that have reached hundreds of millions of dollars in recent years, including large-scale data centre developments in the Salalah Free Zone.

Rather than restricting mining activity, the model integrates it into a controlled national framework designed to support regulatory oversight, reporting and compliance.

Industry participants describe the model as a sovereign mining framework already tested in other jurisdictions, where similar pool structures have been used to integrate taxation and compliance monitoring into mining operations.

Why does it matter?

Oman’s approach represents a notable evolution in how governments engage with cryptocurrency mining. Instead of treating Bitcoin mining as a largely private activity regulated from the outside, the country is integrating mining operations into a state-supervised framework that provides greater visibility over production, energy use and economic activity.

The initiative also raises broader questions about the future relationship between decentralised technologies and state governance. If similar models are adopted elsewhere, governments could gain a more active role in monitoring and shaping participation in blockchain networks while preserving the economic benefits associated with digital asset industries. The outcome may influence future debates on digital sovereignty, crypto regulation and the balance between decentralisation and regulatory oversight.

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