The European Union is set to become a global leader in artificial intelligence regulation with the implementation of the landmark AI Act. Officially in force since August 1, 2024, the Act aims to strike a balance between fostering innovation and mitigating the potential risks posed by AI technologies. The AI Act, proposed by the European … Read more
Latvijas Banka Launches Free Pre-Licensing Consultations for EU MiCA Licenses Riga, Latvia – The Central Bank of Latvia, Latvijas Banka, has announced an initiative to provide free pre-licensing consultations for crypto-asset service providers seeking to obtain the upcoming EU MiCA license. This new license establishes a unified legal framework for the cryptocurrency and digital asset … Read more
Regulation for Finance Sector to Launch in 2025, Institutions Must Ready for Tech Risk Compliance Brussels, Belgium — December 14, 2024 — The European Union’s Digital Operational Resilience Act (DORA) will become effective on January 17, 2025, bringing substantial changes for financial entities and their key technology service providers. DORA aims to create a standardized … Read more