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DeepSeek Faces Italy Ban over Data Privacy as Crypto Traders Watch 2025 Forecasts

Feb 03, 2025 - financemagnates.com
Italy's data protection authority, the Garante, has ordered the Chinese startup DeepSeek to block its chatbot in the country due to unresolved privacy concerns. The Garante questioned DeepSeek's data collection practices and emphasized the need for user consent with clear data usage information. Despite DeepSeek's claims of having AI models comparable to those from the United States, the Garante issued an immediate block, coinciding with investigations by data regulators in Ireland and France. DeepSeek removed its AI assistant from Italian app stores but argued against local regulation. Some Italian users still report access to the chatbot via the web version.

In the cryptocurrency sector, DeepSeek AI released optimistic projections for XRP and Bitcoin in 2025, predicting XRP could trade between $3.50 and $5.00 and Bitcoin could reach up to $500,000 in a black swan event. Meanwhile, unauthorized cryptocurrency tokens using the DeepSeek name have appeared, causing market instability. The primary fraudulent token on the Solana blockchain reached a $48 million market cap, despite DeepSeek's warnings and denial of any connection to these projects.

Key takeaways:

  • Italy's data protection authority, the Garante, has blocked DeepSeek's chatbot due to privacy concerns, questioning its data collection practices.
  • DeepSeek AI's optimistic 2025 projections for XRP and Bitcoin have generated enthusiasm among crypto enthusiasts, with potential high price scenarios outlined.
  • Unauthorized cryptocurrency tokens using the DeepSeek name have emerged, causing market instability and prompting warnings from the company about scams.
  • Despite the block in Italy, some users report continued access to DeepSeek's chatbot, with the web version remaining operational.
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