Blog
RegTech Challenges: how will be the Future of Regulatory Compliance?
The future of RegTech in regulatory compliance is promising, yet challenging. Organizations must choose a starting point, leadership, and effective technologies. Complex regulations and rapid tech advancements can overwhelm, but RegTech streamlines compliance and enhances efficiency.
Bitcoin Market: Binance Fluctuation Effects
Bitcoin market dynamics shift as Binance loses ground to rivals. Centralized exchanges' reserves, including Bitcoin, drop from 3M BTC in 2020 to 2M BTC. Binance's market share declines 3%. Industry faces volatility and legal challenges.
EU Data Protection Regulation: Customs Information System
The EU proposes updating the Customs Information System (CIS) to align with data protection rules. Changes include new terms, clear roles, maximum data retention, and limited processing. It highlights EU's commitment to personal data protection, enhancing trust in the digital age.
GDPR Compliance: FATCA Agreement Investigation
FATCA agreements face investigation for GDPR compliance. European Commission stresses DPAs' role in ensuring compliance, with court oversight. European Data Protection Board calls for review of international agreements.
AI Act: AFME Regulatory Recommendations
AFME supports fair, safe AI development in Europe. They recommend AI definitions, GPAI provider requirements, and high-risk AI systems. Data governance needs amendments. Financial authorities should supervise compliance.
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