Greece - Newly Introduced legal provisions concerning emerging technologies- Artificial Intelligence/Blockchain/Internet of Things (Law 4961/2022)

Greek Law 4961 was published in the Government Gazette last week (Government Gazette A' 146/27-07-2022). The new law is entitled: "Emerging information and communication technologies, strengthening digital governance and other provisions", and constitutes a first legislative attempt to regulate issues related to new technologies, such as artificial intelligence, the Internet of Things, Blockchain, and Smart Contracts, in Greece.

This attempt, while containing provisions and elements which suggest that the legislative process was rushed and not optimal, introduces several obligations and interesting provisions which apply to organizations which are either using these new technologies or are operating in markets related to them.

This newsletter provides a brief overview of some of the key provisions and obligations introduced by the new law:

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