regulation
Azerbaijan Changes Reporting Threshold for Electronic Transfers
From January 1, 2027, financial institutions will report transactions of 20,000 manats or more to the Financial Monitoring Service, while for individuals the threshold will be 50,000 manats per month.
Azerbaijan Changes Calculation of Electronic Transfer Threshold
From 1 October, the minimum threshold for electronic money transfers that financial institutions must report to the Financial Monitoring Service will be calculated on a calendar-year basis.
Azerbaijani MP Proposes Law on AI and Social Media
MP Jeyhun Mammadov, at the first session of the parliament's autumn session, proposed a law regulating artificial intelligence and social networks.
Azerbaijan Lawmaker Proposes Bill to Regulate Social Media
Milli Majlis deputy Hikmet Mammadov called for a single law defining social networks' responsibility for violating the country's digital sovereignty.
Azerbaijan Raises Export Duty on Screws, Bolts and Nuts
Azerbaijan's Cabinet of Ministers has increased the customs duty on exports of screws, bolts and nuts from $15 to $300 per tonne by the end of 2029.
Zuckerberg Opposes Slowing AI Development
Meta co-founder Mark Zuckerberg has called for involving independent experts to assess the safety of AI models instead of slowing down the entire industry.
Musk and Altman Back Amodei's Call to Slow AI Development
Elon Musk and Sam Altman agreed with Dario Amodei's concerns about AI risks. Amodei called for slowing the development of advanced technologies.
US House Speaker Urges Caution on AI Regulation
Mike Johnson said that hasty decisions on AI regulation could lead to losing the race with China, and called for a balance between oversight and support for innovation.
Azerbaijan to Integrate AI into Food Safety System
AI-based analysis and programming methods will be applied in the AQTİS food safety automated information system, as stipulated by the state program on food security for 2027–2032.
Binance: Azerbaijan's Crypto Market Is Ready for Growth
A Binance survey of over 500 users in Azerbaijan reveals an experienced audience and a demand for clear regulation.
UN: AI Could Threaten Humanity's Existence
UN High Commissioner for Human Rights Volker Türk warned of the risks artificial intelligence poses to humanity and called for international agreements on 'red lines'.
First Cryptocurrency Confiscation in Azerbaijan Reflects Stricter Regulation of Digital Assets
Azerbaijan has confiscated cryptocurrency for the first time, setting a legal precedent for virtual assets. What does this case mean for crypto regulation, investors, and the country's fintech sector?
Politics Becomes a Driver for Cryptocurrencies: Bitcoin Rises Ahead of Trump Meeting
Bitcoin rose 6.1% to $68,517 as the market prices in a potential shift in U.S. regulatory policy following Trump's meeting with crypto leaders and the SEC's softened stance.
Azerbaijan Discusses Phased Integration of Fintech Companies into National Payment Infrastructure
The Central Bank of Azerbaijan is considering a model of indirect participation for payment organizations in the instant payment system AÖS to reduce risks and prepare for direct access to AZİPS.
Banks Tighten Control Over Crypto Transactions Ahead of Law's Implementation
Credit institutions have begun requesting companies to confirm the legality of digital asset operations, despite the crypto market regulation law only taking effect in 2026.
Crypto Executives to Meet Trump Ahead of CFTC Advisory Committee Meeting
Heads of major crypto companies, including Coinbase and Ripple, will meet with President Trump at the White House before the first meeting of the CFTC Innovation Advisory Committee.
Azerbaijan's Central Bank Discusses Crypto Asset Regulation
The Central Bank of Azerbaijan and the Fintech Association discussed developing regulations for crypto assets and measures to combat fraud.
Russia's Central Bank to Allow Bitcoin, Ethereum, and USDT in Public Trading
The Bank of Russia has included Bitcoin, Ethereum, and Tether USDT in the list of cryptocurrencies for public circulation. Non-qualified investors will be able to buy them within a limit of 300,000 rubles per year.
Crypto Market Sees Wave of Closures Comparable to Dot-Com Crash
In 2026, more than 100 crypto projects ceased to exist, reflecting the industry's shift toward consolidation and maturity.
Putin Signs Law Regulating Cryptocurrencies in Russia
Russian President signs a law creating comprehensive regulation of cryptocurrency turnover, including licensing of intermediaries and access to exchange trading.
Binance Ready to Cooperate with Azerbaijan on Regulated Crypto Services
Binance's regional head Kirill Khomyakov told FinFly.News about promising formats of interaction with regulators and businesses in Azerbaijan, including working groups, educational programs, and pilot projects.
EU Rules on Labeling AI-Generated Content Take Effect
Starting Sunday, companies in the EU must label AI-generated content, including deepfakes, so users can distinguish it from authentic material.
New C2C Restrictions in Azerbaijan: International Context and User Reaction Forecast
Since August 1, Azerbaijan has imposed new restrictions on C2C transfers: no more than 5 transfers and 5 top-ups per day, with a monthly limit of 20,000 manats. The measures align with the global trend of tightening control over P2P operations.
Azerbaijan Imposes Limits on Card-to-Card Transfers
Starting August 1, Azerbaijan has introduced new restrictions on card-to-card transfers: no more than 5 transfers and 5 top-ups per day, with a monthly limit of 20,000 manats.