| Mobile Web

Search results for EU

Crypto

EU MiCA transition ends, pressure mounts on unlicensed crypto firms to halt operations

The European Union’s transition period for its Markets in Crypto-Assets regulation has ended, meaning crypto companies without authorisation can no longer legally provide services to EU customers. Such firms could face sanctions including multimillion-euro fines if they do not wind down operations. Industry and legal experts expect early enforcement to vary by member state. Compliance costs are estimated from 350,000 to 600,000 euros, and could rise to 2 million euros.

AI & Enterprise

MSIT to step up quantum cooperation with Canada, UK and EU around Quantum Korea

South Korea will expand cooperation on quantum technologies with Canada, Britain and the European Union, including joint research, talent exchanges, industrialisation, trials and standardisation. The Ministry of Science and ICT said it held government-to-government dialogues and roundtables around Quantum Korea 2026 to discuss cooperation. It reviewed existing programmes with Canada, discussed links between initiatives with Britain, and talked with the EU about Horizon Europe participation and stronger ties among quantum clusters.

AI & Enterprise

Personal data protection master plan announced to support trust-based AI innovation

South Korea\'s Personal Information Protection Commission on Thursday announced a third basic master plan for personal data protection for 2027 to 2029 as a joint agenda item with relevant ministries at an economic ministers\' meeting. The plan sets out a vision of a trusted data environment and an AI society. It includes four strategies and 12 tasks, including redesigning rules for AI, strengthening prevention-focused protections, upgrading policy and expanding remedies and rights safeguards.