Bookmarking Crypto Insights
Auto Added by WPeMatico
Telegram’s agreement to set up an office in Kazakhstan aligns with the firm’s increasing compliance efforts as its CEO remains in France amid an ongoing investigation. Go to Source
The DPC’s inquiry into Google’s AI model development explores the handling of EU citizens’ personal data for training PaLM2. Go to Source
Singapore’s Deputy Prime Minister Gan Kim Yong addressed concerns in Parliament regarding the risks of Worldcoin’s operations in Singapore, including potential money laundering through the sale of accounts. He emphasized that although Worldcoin does not perform a payment service under current laws, buying or selling accounts may constitute a violation. Investigations are ongoing, and the … Read more
The HKMA introduces new principles for using generative AI, emphasizing governance, transparency, and data protection in consumer-facing applications. Go to Source
Nigeria’s Federal Competition and Consumer Protection Commission (FCCPC) has fined Meta (formerly Facebook) $220 million for alleged data privacy violations. The investigation centered on Whatsapp LLC and Meta’s failure to allow users to consent to the gathering and use of their data. The FCCPC said it imposed the fine in accordance with the FCCPA 2018, … Read more
Chirp founder Tim Kravchunovsky argued that with the technology available today, the AT&T breach is “inexcusable.” Go to Source
A Nigerian information technology agency is considering plans to develop a domestic blockchain to enhance national security and protect citizens’ data. A proponent of a locally developed blockchain argues that such a protocol would likely ensure compliance with Nigerian laws and allow the country greater control over its data. Domestic Blockchain Seen as Boosting Government … Read more
The Securities and Exchange Commission of Zimbabwe (SECZ) and the Reserve Bank of Zimbabwe (RBZ) are reportedly developing a framework for virtual asset trading. The framework aims to provide clear legislation, client protection under the Data Protection Act, and educational support. Challenges include infrastructural investment and licensing fees for foreign-supplied systems. An informal virtual asset … Read more
Worldcoin agrees to suspend activities in Spain until the end of the year or until a resolution is reached by the German data authority in ongoing data protection investigations. Go to Source
The Hong Kong data regulator recently concluded that Worldcoin’s data collection methods and activities violated the region’s “privacy ordinance.” Privacy Commissioner Chung Liling has issued an enforcement notice requesting Worldcoin to cease data collection from Hong Kong residents. Worldcoin’s Excessive Data Collection Methods An investigation by the Hong Kong Office of the Privacy Commissioner for … Read more
