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From AI-Powered Trading To Regulation and Compliance: What Does 2024 Look Like for Investment Tech?

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Govt reviews social networks progress on curbing deepfakes; advisory on 100% compliance soon

Union Minister Rajeev Chandrasekhar on Tuesday met social media platforms to review progress made by them in tackling misinformation and deepfakes, and asserted that advisories will be issued in the next two days to ensure 100 per cent compliance by platforms.New, amended IT Rules to further ensure compliance of platforms, and the safety and trust of online users are actively under consideration, Chandrasekhar said in a post on X (formerly Twitter). "Held the 2nd #DigitalIndiaDialogues on Misinformation and #Deepfakes…

Air India Slapped With Rs 10 Lakh Fine by DGCA Over Passenger Rights Violations

Air India. (Photo: Air India) Air India faces Rs. 10 lakh fine as DGCA penalizes non-compliance with passenger rights, exposing lapses in training, compensation, and services.The Directorate General of Civil Aviation (DGCA) has taken stringent action against Air India, imposing a hefty fine of Rs 10 lakhs for glaring non-compliance with passenger rights regulations.DGCA’s thorough inspections conducted at key airports in Delhi, Kochi, and Bangalore during May and September 2023 uncovered concerning breaches of guidelines…

Why security compliance is no longer a nice to have for UK startups

Security compliance (and particularly ISO 27001) is like the project in school you had the whole year to complete — and ended up starting in a panic the night before. Given the time, resources, and complexity of completing the certification, it’s one of the things startup founders are most likely to put off for a later date in favour of growth-focused tasks like sales and product development. What many don’t realise is that security compliance not only has a big impact on your company’s…

Everything startups need to know about building a security compliance program

With cybercrime on the rise across the UK and more SMEs being targeted, security is more important than ever before. Even if you believe your business is secure from data leaks and cyberattacks, if you’re not able to demonstrate this to potential clients, your sales team could be missing out on growth-driving deals. This is especially the case for enterprise clients that often require potential partners to demonstrate compliance with some of the key measures such as ISO 27001 and SOC 2. All…

WhatsApp Banned 71.1 Lakh Indian Accounts in September in Compliance With IT Rules

Meta-owned WhatsApp banned 71.1 lakh accounts during September in compliance with the IT rules, according to the latest India monthly report released by the popular messaging platform. Out of them, 25.7 lakh accounts were proactively banned before any reports from users.An Indian account is identified via the '+91' country code."Between September 1, 2023 and September 30, 2023, 71,11,000 WhatsApp accounts were banned. 25,71,000 of these accounts were proactively banned, before any reports from users," it said.The…

He Went to Prison for Crypto Crime. Now He’s an Advocate for Compliance.

Charlie Shrem was an early apostle of cryptocurrency, earning millions of dollars trading bitcoin and treated like a rock star worldwide, with fans at conferences snapping photos of him and pushing business cards at him. But the one-time chief executive and compliance officer of BitInstant went to prison in 2015 for a drug scheme involving the bitcoin exchange he co-founded and an online black market, making Shrem one of the first in the U.S. to get jail time for crimes connected to crypto.…

He Went to Prison for Crypto Crime. Now He's an Advocate for Compliance.

Charlie Shrem, a co-founder of the defunct BitInstant, was one of the first bitcoin millionaires and one of the first to do time for crypto violations. Today he preaches compliance to startups. Charlie Shrem, a co-founder of the defunct BitInstant, was one of the first bitcoin millionaires and one of the first to do time for crypto violations. Today he preaches compliance to startups. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the…

DAOs and Compliance: The Importance of Legal Wrappers

Too Long; Didn't ReadDecentralized autonomous organizations, or DAOs, hold immense potential to redefine collaboration and wealth distribution. DAOs face a multitude of legal challenges, including liability risks, tax compliance, and contractual enforceability. To ensure compliance with existing laws while preserving their decentralized ethos, DAOs must adopt legal wrappers. Too Long; Didn't ReadDecentralized autonomous organizations, or DAOs, hold immense potential to redefine collaboration and wealth distribution.…