Recognising new realities in decentralisation, the regulations aim to provide market players with governance flexibility within distributed ledger technology foundations.
On 2 October 2023, the Board of Directors of Abu...more
The Dubai International Financial Centre urges companies to protect personal data when using artificial intelligence.
On 18 April 2023, the Dubai International Financial Centre (DIFC), a financial free zone with its own...more
The new regime specifies licensing and reporting requirements for a range of activities related to virtual assets in the Emirate of Dubai.
On February 7, 2023, the Dubai Virtual Assets Regulation Authority (VARA) adopted...more
The regime introduces rules on various crypto tokens, including cryptocurrencies and stablecoins, in the Dubai International Financial Centre.
On November 1, 2022, the Dubai Financial Services Authority (DFSA) crypto...more
11/18/2022
/ Abu Dhabi Global Markets (ADGM) ,
Asset Tokens ,
Bitcoin ,
Central Bank Digital Currency (CBDCs) ,
Cryptoassets ,
Cryptocurrency ,
Decentralized Finance (DeFi) ,
DFSA ,
DIFC ,
Dubai ,
Ethereum ,
Non-Fungible Tokens (NFTs) ,
United Arab Emirates (UAE) ,
Utility Tokens
The guidance is part of the rapidly evolving rules on anti-money laundering and aims to promote UAE as a jurisdiction compliant with best practices.
On August 1, 2022, the UAE Central Bank (CBUAE) issued the Guidance for...more
8/25/2022
/ Anti-Money Laundering ,
Compliance ,
FATF ,
Financial Crimes ,
Financial Institutions ,
Money Laundering ,
New Guidance ,
Payment Systems ,
Risk Mitigation ,
Terrorism Funding ,
United Arab Emirates (UAE)
The new law establishes the Dubai Virtual Assets Regulatory Authority and identifies activities to be regulated, such as operating virtual asset platforms.
On March 11, 2022, Dubai Law No. 4 of 2022 on the Regulation of...more
IT companies face higher fines in Russia for noncompliance with data privacy and content moderation rules.
In December 2019, Russia imposed large fines for certain types of violations of the Russian data privacy and...more
As Russia’s internet law imposes new obligations on technology and infrastructure companies, the Russian government considers subordinate legislation.
On November 1, 2019, the majority of provisions of Russia’s internet...more
Broadly written rules would allow the Russian government greater central control over content and data flows, and greater access to users’ information.
On May 1, 2019, the Russian President signed draft law No. 608767-7,...more
Russia has adopted a new law further toughening the country’s Internet-blocking regime and introducing a number of restrictive measures applicable to intermediaries providing access to blocked websites, IT networks, and...more
The Federal Law No. 87-FZ of May 1, 2017, on Amendments to the Federal Law on Information, Information Technologies, and Information Protection (the Law) came into force on July 1, 2017. The Law introduces the definition of...more
The State Duma, Russia’s lower chamber of Parliament, has adopted amendments to the Federal Law on Information, Information Technologies and Information Protection of the Russian Federation (the Law) in its first reading....more
On July 6, 2016, Russian President Vladimir Putin signed Federal Law No 374-FZ. This law is also known as the “Yarovaya” law (named after a Russian senator who was the main driving force for the law to come into...more
On July 13, 2015, the Russian President signed Federal Law No. 264-FZ (the Law), which introduced a range of amendments into Russian legislation (the Amendments). In particular, the principle of the “right to be forgotten”, a...more
Since the proposal of Federal Law No. 526-FZ (the Law) in December 2014, the Russian data protection regulator (Roscomnadzor) has not issued any official comments on the application of the new Law. Roscomnadzor did recently...more