Germany intends to support the proposals of the European Union on the regulation of artificial intelligence after the Ministry of Transport and Digital Affairs abandoned its position of disagreement with the Law of this bloc of countries on AI.
In today’s digitally-driven world, particularly as we navigate through 2024, the significance of data protection is at an all-time high. With the enforcement of strict regulations like the General Data Protection Regulation (GDPR) in Europe, and similar legislations globally, businesses of all sizes are facing increased pressure to comply. Failing to do so can result in […]
The Italian data protection authority (DPA) has concluded that OpenAI and its popular AI chatbot ChatGPT do not comply with the European Union GDPR provisions.
United States regulators have reported fines of about $32.4 million against the Industrial and Commercial Bank of China.
Apple has offered to provide competitors with the opportunity to access its contactless payment transaction technology and interact with this development.
Morgan Stanley has agreed to pay $249.4 million in financial liability for making false statements about block trading practices.
In Hong Kong, local financial authorities have proposed to develop and implement new regulatory rules for issuers of stablecoins, which can be described as a reaction to ongoing changes in the sphere of virtual assets.
Cambodia’s transition towards a green economy requires a financing boost, with the National Bank of Cambodia and IFC joining efforts to support climate-friendly projects.
The European Union’s (EU) competition and digital chief, Margrethe Vestager, supported the AI Act.
Apple may resume selling its smartwatches, despite the import ban.
In France, the prosecutor’s office is currently investigating alleged aggravated money laundering related to financial transfers made by a Cypriot brokerage company that interacted with the custodial unit BNP Paribas.
Swiss Finance Minister Karin Keller-Sutter said that the purchase of Credit Suisse by the UBS Group was a less risky step, noting the need for the government of this country to take measures capable of providing a high level of protection to taxpayers in the event of a crisis in the banking sector.
South Korea has decided to impose a total fine of 26.5 billion won ($20.4 million) on two global investment banks and a local unit of an international company for involvement in naked short selling.
The Supreme Court of the United Kingdom ruled that, from a legal point of view, it is not possible to designate artificial intelligence as an inventor to ensure patent rights.
Google has agreed to pay $700 million and allow competition in its Play app virtual store.
© 2025 PAY SPACE, LLC
03148 Ukraine, Kyiv, 2A P.Kurinoho str.
