Tag: Financial Penalties

Dubai fines 19 firms for unlicensed crypto operations

Dubai Takes Action: 19 Firms Fined for Unlicensed Crypto Operations The world of cryptocurrency has been a hot topic in recent years, with more and more individuals and companies looking to capitalize on the digital currency craze. However, with this surge in popularity comes increased scrutiny from regulatory bodies looking to ensure that all operations […]

AI oversight and audits at core of Pakistan’s security plan

AI Oversight and Audits: The Cornerstone of Pakistan’s Security Strategy In an ever-changing digital landscape, countries worldwide are increasingly turning to artificial intelligence (AI) to bolster their security measures. Pakistan, a nation with a rich history and a growing presence in the tech industry, has taken a proactive approach by incorporating AI oversight and audits […]

Luxembourg tightens crypto reporting rules for CASPs

Luxembourg Strengthens Oversight on Crypto Activities for CASPs Luxembourg, a key player in the world of finance, has recently taken significant steps to tighten reporting rules for Crypto Asset Service Providers (CASPs). The new regulations aim to enhance transparency and accountability in the crypto sector, covering a wide range of activities including portfolio management, custody, […]

EU targets eight members states over cybersecurity directive implementation delay

EU Puts Pressure on Eight Member States for Delay in Cybersecurity Directive Implementation The European Union is known for its stringent regulations and directives aimed at enhancing security and protection across various sectors. One such directive is the NIS2 Directive, which focuses on bolstering cybersecurity measures within critical industries. However, despite the clear deadline set […]

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