Helping build shared standards for advanced AI
OpenAI helps build shared standards for advanced AI, supporting evaluation frameworks, safety practices, and global cooperation through the Appia Foundation.
Government Technology AI·
The historic legislation mandates independent audits of frontier AI models’ safety practices, to mitigate risk and embed accountability as AI advances. It compels timely reporting of critical safety incidents.
Read full articleOpenAI helps build shared standards for advanced AI, supporting evaluation frameworks, safety practices, and global cooperation through the Appia Foundation.
Brazil’s central bank has added mandatory independent audits to the licensing approval process for crypto service providers in the country. According to the published rules cited in the report, crypto firms applying for authorization, or renewing an existing license, must…
The post New Rules for Crypto in Brazil: Central Bank Demands Strict Independent Audits for VASPs appeared on BitcoinEthereumNews.com. Key Takeaways Central Bank of Brazil issued Instruction 739, forcing VASPs to get independent audits to secure licenses. Audits must ensure that each VASP is prepared to combat and prevent crypto-linked crime. Following the $5B Hidden Flow case, Brazil’s new rules will next tighten oversight to avoid crypto laundering. Central Bank Of Brazil Moves to Add Audit Requirement for VASPs The Central Bank of Brazil has introduced yet another requirement to approve the operation of virtual asset service providers (VASPs) in the country. Under Normative Instruction No. 739, issued on Friday, the bank now requires VASPs to present an independent audit from an entity registered with the Brazilian Securities and Exchange Commission (CVM) to issue operational licenses. The audits, referred to as “reasonable assurance reports,” must contain data assessing the VASP’s
According to Normative Instruction No. 739, issued on Friday, VASPs will now need to undergo an audit by an approved third-party entity to obtain authorization to operate in Brazil. The requirement adds to an already stringent regulation, making the process of obtaining a license in Brazil more difficult. Central Bank Of Brazil Moves to Add […]