The Dutch Privacy Protection Authority imposed an unprecedented fine of 4,750,000 Euros for significant violations of the General Data Protection Regulations (GDPR). The regulator’s investigation found that the Dutch Tax Authority had unlawfully collected sensitive personal data of over 250,000 Dutch citizens and recorded it in its fraud signaling system for over six years. Some of the individuals whose data ...
The United States Government and the European Union Commission announced that they had reached an agreement “in principle” on a new framework for cross-border data transfers to enable predictable and stable data flows between the EU and the US. The new framework is intended to replace the Privacy Shield, which was invalidated in July 2020 when the Court of Justice ...
The Israeli Privacy Protection Authority (PPA) published a summary report of its supervisory activities in 2018-2020. The report reviews the results of the supervisory activities performed in fourteen sectors (such as medical institutions, local authorities, and data storage and processing companies), and indicates an overall significant improvement in compliance with privacy laws and regulations.
Supervised organizations who were found in ...
The Israeli Ministry of Health (MoH) issued a new circular on the principles of cybersecurity defense in the Israeli health sector. The circular specifies the cybersecurity measures that must be taken to protect a health organization’s cyber assets (i.e., the personal and medical information stored in its databases); guides on appropriate cybersecurity risk management and cyber-attack preparedness and response; sets ...
Ukrainian President Volodymyr Zelenskyy signed into law a new act aimed at opening up the Ukrainian market for lawful digital asset and cryptocurrency trade. The new market will be governed by the Ukrainian National Commission on Securities and Stock Market, in cooperation with the National Bank of Ukraine.
The act specifies, among other things, the legal status and classification of ...
Countries around the world are shifting gears in the race to lead the world of cryptocurrency and NFT regulation.
In the UK, the British government announced its plans to launch a government NFT, as part of its broader plan to become a “world leader” in cryptocurrency. This plan includes, among other things, an expansion of existing regulation on electronic payments ...
A newly issued mechanism for cross-border transfers of personal data governed by the UK GDPR has entered into force. The new mechanism, created by the UK Information Commissioner’s Office (ICO), offers two alternative solutions. The first is an “International Data Transfer Agreement” (IDTA), which constitutes a standalone agreement that follows the blueprint of the EU Standard Contractual Clauses (SCCs). The ...
A new Executive Order issued by U.S. President Joe Biden, calls on federal agencies in the United States to examine the implications of the dramatic growth in the digital assets markets absent appropriate regulation and urges them to consider launching a U.S. Central Bank Digital Currency (CBDC).
The Order aims to reduce the risks that digital assets might pose to ...
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