Curacao has been navigating notable alterations to its eGaming certification protocols, creating uncertainty among operators about the evolving rules and associated costs. This uncertainty has often benefited rival jurisdictions like the Isle of Man, which continues to attract a substantial influx of new business. However, Curacao has recently made strides by revealing the proposed costs…
With the development of cryptocurrency technologies and their growing popularity around the world, the issue of regulation of crypto assets is becoming increasingly relevant. Argentina, one of the Latin American countries with an active crypto-currency market, has taken significant steps in recent years to create a regulatory framework for virtual assets and related services. In…
This region has long been recognized as a major offshore monetary core, providing commercials with a solid lawful and supervisory sphere. Lately, the country has embraced virtual transformation by implementing new schemes for blockchain-based monetary facilities. A key development in this area was the VASP Act, which was adopted on February 1, 2023, laying the…
The digital economy is rapidly expanding, with e-currencies playing a notable part in shaping global monetary ecosystems. Although the legislative scheme is still developing, this sector offers promising capabilities for organisations willing to enter the trade. This article outlines the key aspects of obtaining a crypto licence in Bosnia and Herzegovina, the demands for crypto…
Key Details of this Lithuanian VASP: Licensed VASP: Established in 2021 with full authorization from FNTT. Banking Setup: Active PSP account with a Lithuanian EMI for smooth operations, and a local bank account for tax and salary payments. Financial Stability: No loans or debts, in good standing, compliant with AML/KYC regulations. Legal and Operational Support:…
This is a new investment opportunity – FSP license in New Zealand for sale. Please check out the main details regarding this proposal below. FSP license in New Zealand: key considerations Financial Services Provider (FSP) for sale in New Zealand; Registered with Financial Service Providers Register in 2024; Authorizations (changing foreign currency, issuing or managing…
Key Features of this Forex Broker Company: Company Structure: Composed of both Bulgarian and offshore entities. Established Brand: The company has been operating for 9 years with a solid reputation in the market. Complete Infrastructure: Ready Made Forex Broker Company includes a website, secure client area (SCA), trading platform, and mobile applications. Trading Options: Leverage…
South Africa FSP License Bank Account: Includes one local bank account. Personnel: Local director and Key Individual (KI) available to stay post-sale. Transfer Timeline: Quick transfer—1 week for CIPC, 3 weeks for FSCA. Mauritius Full Service Dealer License Bank Accounts: Corporate and client accounts at MauBank. Capital Requirement: €24,000 Total Investment: €227,800 (inclusive of setup…
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+1 (888) 647 05 40The General Data Protection Regulation (GDPR) is the EU Regulation No. 2016/679 dated 04/27/2016 “On the protection of individuals with regard to the processing of personal data and their free movement” and the repeal of the Directive on General Data Protection Provisions of the European Union No. 95/46.
This algorithm began to operate on May 25, 2016 and is fundamental for use in the countries of the European Union.
All EU member states that take into account the personal data of individuals – members of the European Union when selling or offering them various services or products.
As well as those who monitor the behavior of the subject of these in the vastness of the EU.
These aspects take into account the following aspects:
The updated GDPR document denotes such concepts as “controller” (English controller) and “processor” (English processor) of personal data.
An individual or legal entity, the state, as well as any government agency or organization that, individually or in combination with others, forms the purpose and methods of processing PD is a “controller”.
This entity has the following responsibilities:
A legal entity or an individual, a state, or a separate body that processes personal information on behalf of and on a control order is a “processor”. His direct responsibilities are:
The EU document applies to all companies that collect, store or process personal data of members of the European Union (i.e. processors and controllers), regardless of the location of these entities.
These Regulations prohibit the movement of personalized data of EU members outside of it, threatening the application of sanctions.
As of April 2018, the European Commission recognizes those countries that do not have an adequate level of PD protection: New Zealand, Guernsey, Uruguay, Switzerland, Liechtenstein, Norway, Iceland, Andorra, South Korea, Argentina, Canada, Israel, Fr. Maine, Faroe Islands, Japan. USA.
The main principle of the Regulation is if it is not possible to force the processor or controller of personal data in a particular country to bear the responsibility that is provided for in the Regulation, then all operations with PD of members of the European Union will be illegitimate.
The main innovations include:
The GDPR provides for substantial sanctions for non-compliance with the processing rules for PD of current residents of the European Union. The fine is estimated at about 20 million Euros, or 4% of the total financial turnover of the corporation).
These requirements are not limited to the limits of the established non-disclosure policy of the Internet resource.
To fully align your company with GDPR rules, we recommend the following:
Eternity Law International experts will assist you in analyzing your Internet resource for compliance with GDPR requirements, draw up the correct Privacypolicy, and also advise you on individual legal issues.
The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.