Italian regulator accuses OpenAI of violating data protection laws
OpenAI’s ChatGPT violates the provisions of the European Union’s GDPR, the regional bloc’s rule book on information privacy, according to the Italian Data Protection Authority.
Latest regulation News
AI-generated Biden impersonation hits New Hampshire
As the U.S. prepares for local polls, campaigns targeting key political figures to smear their reputation have begun, with criminals using AI to achieve their goals of spreading disinformation.
China AML laws revisions to eliminate digital asset regulatory blind spots
China is revamping its anti-money laundering (AML) framework, with digital assets among the key areas the government wants to tighten oversight to curb criminal exploitation.
Incoming EU and UK laws up the stakes for anti-competitive US big tech
The days of U.S. tech bullying the ‘little guys’ around the globe may be numbered, at least in the EU and U.K., where new laws are being introduced to prevent them from abusing their dominant positions.
Nigeria’s VASP licensing fees are ‘economically unrealistic,’ stakeholders say
Nigeria’s SEC published licensing guidelines for VASPs in 2022 requiring N500 million ($525,000) paid-up capital, which stakeholders say is unrealistic for local firms.
South Africa shortlists 50 applicants for VASP licensing
While over 100 companies applied for the license, the FSCA only forwarded 50 companies to the licensing committee, with some virtual asset service providers (VASPs) withdrawing applications.
CFTC seeks feedback on AI use in compliance, warns against utilization of AI trading bots
The CFTC's call for comment on AI risks and how regulated entities might use the tech in their compliance efforts aligns with the U.S. administration's attempt to establish safe AI development.
FSB published work program for 2024—digital currency oversight front and center
The Financial Stability Board has released its 2024 work program and plans to take a closer look at tokenization, including exploring tokenization projects and completing work on its financial stability implications.
UAE sets up council to trigger AI development, innovation
The United Arab Emirates is catching up with technological advancements in the United States, China, and Europe, setting up an artificial intelligence (AI) council that will govern and create policies for the emerging market.
Regulatory crackdown: South Korea, Taiwan issue arrest warrants; Abra settles in Texas
The Texas State Securities Board has settled with Abra, which consented to repay $1.8 million to 1,600 investors from the state, while Taiwan pursued the people behind the $6m fraud at ACE Exchange.
Here’s how blockchain is changing the face of commerce in UAE
As the United Arab Emirates pivots away from oil, it is keen on establishing itself as a global commercial hub, with experts citing blockchain integration as key to achieving its goals.
After lifting of CBN ban, Nigerian startups are applying for licenses: report
CBN lifted the ban in December, allowing Nigerian banks to serve virtual asset service providers (VASPs), and according to one local report, two startups recently filed for a license.