Dubai regulator sets compliance deadline for updated crypto rules

Dubai’s crypto regulator has given licensed digital asset companies until June 19 to comply with its updated activity-based Rulebooks to enhance market integrity and risk oversight.  On May 19, Dubai’s Virtual Assets Regulatory Authority (VARA) announced that it had released Version 2.0 of the Rulebooks.  The regulator said it had strengthened controls around margin trading…

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Clearview AI hit with its largest GDPR fine yet as Dutch regulator considers holding execs personally liable

Clearview AI, the controversial U.S.-based, facial recognition startup that built a searchable database of 30 million images populated by scraping the internet for people’s selfies without their consent, has been hit with its largest privacy fine yet in Europe. The Netherlands’ data protection authority, Autoriteit Persoonsgegevens (AP), said on Tuesday that it has imposed a…

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