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Is It Legal to Train AI on Other People’s Texts, Photos and Personal Data
What EU law requires when you collect data to train an AI model: the copyright exception for text and data mining and the opt-out, the AI Act copyright policy and training summary, the GDPR legal basis and the latest court decisions.
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Which Payment Licence Should a Startup Choose, EMI or PI
This article is about choosing between a payment institution (PI) licence and an electronic money institution (EMI) licence for a startup in the EU. It covers how they differ under the PSD2 and EMD2 directives, whether you can hold a client balance, how much capital is needed, how client money is protected and how to…
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Why Banks and Payment Providers Refuse Gambling Projects and How to Build the Structure
Gambling companies lose payment partners more often than most businesses, and rarely because of one violation. Banks and card acquirers put the whole sector in a high-risk group, and a project that cannot explain its business and money flows gets declined. Thi...
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P2E Game Token: Security, Payment Instrument or In-Game Currency?
This article is about the tokens of play-to-earn (P2E) games, where players earn tokens and can withdraw them into money. It covers how US and EU regulators tell an in-game currency from a security and from a payment instrument, which features matter for that, and what a game studio should fix in its tokenomics and…
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How to Accept Crypto from Customers Legally and Stay Clear of Tax and AML Problems
This article is about what a company needs to do to accept payment in cryptocurrency. It covers the two ways of accepting payment, contract terms with the customer and with the payment provider, tax in the EU, the UK and the US, and anti-money laundering (AML) and sanctions requirements. Everything is based on primary sources:…
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Mandatory Responsible Gambling and AML Procedures for iGaming Operators
An online gambling operator answers to the regulator on two fronts. The first is protection against money laundering, known as AML. The second is responsible gambling, which means protecting the players themselves. This article covers the procedures that are mandatory on each front in the EU, the UK, Malta, Curaçao and Estonia, where the two…