UAE central bank to penalize unlicensed virtual asset service providers

Unauthorized virtual asset service providers will face penalties from the UAE Central Bank

The new guidelines are part of the United Arab Emirates’ (UAE) efforts to be removed from the Financial Action Task Force’s (FATF) “grey list,” according to UAE attorney Irina Heaver. Recently, the Central Bank of the United Arab Emirates (CBUAE) and other regulatory bodies in the country have released updated cooperative guidelines for virtual asset…

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EU Urges Youtube, TikTok Unveil Comprehensive Safety Measures by November 30

EU Urges Youtube, TikTok: Unveil Comprehensive Safety Measures by November 30

The European Union has set a deadline of November 30 for YouTube and TikTok, both under Alphabet’s umbrella, to respond to an information request regarding their strategies for safeguarding children from illegal and harmful content, as announced by the European Commission on Thursday. The Commission is seeking additional details on the steps taken by these…

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EU Reveals Musk's X Operates with a Fraction of Content Moderators Compared to Rivals

EU Reveals Musk’s X Operates with a Fraction of Content Moderators Compared to Rivals

Elon Musk’s social media platform, X, currently employs 2,294 content moderators to oversee compliance with EU online content rules. This number is significantly smaller compared to the more substantial moderation teams at Google and TikTok, as disclosed by a senior European Commission official on a recent occasion. The EU Digital Services Act (DSA), which has…

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