EU AI Act Article 17: QMS for High-Risk AI Compliance
EU AI Act Article 17 introduce one mandatory Quality Management System (QMS) for all providers wey get high-risk AI. Dis Quality Management System dey make sure say AI dey comply, safe, and meet ethical standards through documented policies, procedures, and lifecycle controls. Under Article 17(1), providers gats cover 13 core areas like risk management, data governance, and incident reporting. Article 17(2) talk say QMS suppose balance proportional to AI risk level and existing sector laws like ISO 13485. Article 17(4) give financial institutions partial compliance through EU finance laws but dem still gats do risk management, post-market monitoring, and handle incidents. By putting dynamic QMS, EU AI Act Article 17 want reduce bias, unexpected harms, and legal liabilities. Providers suppose talk to legal experts and harmonised standards for full implementation.
Neutral
EU AI Act Article 17 na dey focus on quality management for AI, na regulatory update wey dey mainly target AI developers no be crypto markets. E set compliance standards for high-risk AI but e no directly affect cryptocurrency trading or blockchain protocols. Regulatory clarity fit indirectly benefit AI-driven crypto projects for long term, but immediate market effects dey minimal. Historically, EU technical regulations like GDPR no too affect crypto prices directly. So, this development suppose get neutral impact for crypto market both short and long term.