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⍰ ASK What are some of the regulations and compliance requirements that EMIs must adhere to?

cryptohunter

cryptohunter

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EMIs must adhere to a range of regulations and compliance requirements, including the Payment Card Industry Data Security Standard (PCI DSS), the GDPR, and Anti-Money Laundering regulations. These regulations necessitate that EMIs establish certain security and privacy measures, such as data encryption, access controls, and regular security audits. Failure to comply with these regulations can result in fines, legal consequences, as well as harm to their reputation.
 

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