The EU's internal market commissioner, Thierry Breton. called the deal as historic, regulating artificial intelligence models such as ChatGPT. Negotiators in Brussels nailed down curbs on how AI can be used in Europe, which they said would not hurt innovation in the sector nor the prospects for future European AI...

The Public Company Accounting Oversight Board (PCAOB) imposed the penalty on the China and Hong Kong offices of the "Big Four" auditing company on Thursday. The two offices issued identical statements on Friday saying it was "highly regrettable that a number of employees engaged in the improper sharing and use...

As the winds of change blow, three major forces—regulation, consolidation, and digitization—are shaping the trajectory. These elements intertwine, creating a complex tapestry that defines success.

Favoring CBDCs for efficiency, convenience, and security, 63% of MENA residents believe central banks should introduce them, and 73% are ready to use them, says a survey.

US Federal Reserve Chair Jerome Powell said stronger regulation and greater agility was required in supervising the banking sector following a string of high-profile failures earlier this year. "We need to strengthen both regulation and supervision," Powell told a banking conference in Madrid, referring to the turmoil that hit the...

The US Federal Reserve called for greater banking oversight while admitting to its own failures in a report published into the collapse of Silicon Valley Bank last month. "Following Silicon Valley Bank’s failure, we must strengthen the Federal Reserve’s supervision and regulation," Federal Reserve vice chair for supervision Michael Barr...

There is a need for more regulations in the cryptocurrency industry to prevent immoral and aberrant behavior, says Anthony Scaramucci, former White House Communications head.

There is chaos in the crypto market and the dust rises with an episode of failure, but failures must not be generalized, says Don Tapscott of Blockchain Research Institute.

The UAE is poised to become a hub for blockchain firms and startups, and a leading example for the rest of the world to follow. As we continue to innovate and build the ecosystem, the robust and consistent rules that are being laid out will make UAE a leading blockchain...

Dubia, UAE--Dubai’s Virtual Asset Regulatory Authority (VARA), has issued what it calls as Virtual Assets and Related Activities Regulations 2023. The regulations set out a comprehensive virtual asset framework built on principles of economic sustainability and cross-border financial security. The UAE has remained committed to enabling these drivers safely, updating...

Public resistance to a carbon tax has prevented many nations from establishing carbon pricing via taxation, but taxation is not the only way to deter emissions, she highlights, while pointing out to numerous barriers that have impeded the flow of private capital to decarbonization projects around the world.

While the crypto ecosystem still reels from the collapse of FTX, and investor apprehension about the future of the digital asset, Dubai's regulatory mechanism to oversee cryptocurrency entices big players to the city.

Common Reporting Standards is a global methodology for the automatic exchange of financial accounts and tax-related information with other financial regulatory organizations across the world through secure channels.

Faisal Abbas, editor of Arab News, believes that it is almost impossible that journalists alone can fix the problem of fake news, and that technology has to step in to resolve the issue.

The new draft law is geared to provide more business opportunities for UAE citizens and allow new categories of citizens to access the commercial agencies business.

The UAE, Japan and Singapore have emerged as the trendsetters in regulating the crypto-currency market effectively, according to a top European academic.

Even for the richest person on the planet, buying Twitter was always going to be a challenge –- a highly complex financial transaction now made even trickier by a defensive "poison pill" move from the platform's board. Musk's $43 billion offer lays out the myriad potential pitfalls: possible government approvals,...

Binance, the world's biggest crypto exchange in trading volume, will hire more than 100 people in the UAE, days after being licensed by Dubai's new virtual assets regulator this month.

The authorities will issue the necessary permits for this purpose, in accordance with hygiene conditions and preventive measures.

This regulation reportedly aims to improve the manner of the reporting of violations of the Capital Market Law and its implementing regulations.

In 2021, the total market capitalization for the crypto market increased from around $800bn to $2.2trn. The year also witnessed some of the important developments in the crypto market.

The deal with members including the US, EU, and Saudi Arabia agreeing to new ways to help businesses.

Dubai police and a cryptocurrency trading firm have joined hands to make investors and traders aware of the risk of fraud while trading in cryptocurrency.

The agreement, after it comes into effect, is expected to lead to the establishment of a joint economic committee to promote its implementation, local media reports have pointed out.