Biometric authentication, a method of utilizing unique physical
characteristics to verify one's identity, has seen growing
adoption in various sectors, with significant implications for
financial services. In this article, we delve into the legal and
regulatory landscape surrounding the introduction of a Biometric
Authentication Service in the Republic of Moldova. We examine key
legal considerations and offer insights into the implications of
different consent models, potential liability, and other regulatory
concerns.
1. ELECTRONIC PAYMENT LAWS AND REGULATIONS
The Republic of Moldova has established a comprehensive
framework of electronic payment laws and regulations that impact
electronic payment services, authentication, authorization, and
processing. These laws and regulations include:
