However, the government only agreed in-principle “that entities should be required to comply with a set of baseline privacy outcomes, aligned with relevant outcomes of the Government’s 2023–2030 Australian Cyber Security Strategy.”

Source: https://www.itnews.com.au/news/gov-to-make-automated-decision-making-transparent-600698?utm_source=feed&utm_medium=rss&utm_campaign=iTnews+

Luno said it had obtained in-principle approval from the MAS to provide digital payment token services, in April 2022.

Source: https://mybroadband.co.za/news/cryptocurrency/488395-luno-terminates-singapore-operation.html

The in-principle approval subjects Bybit to pre-conditions leading to permanent authorization upon Bybit’s completion of the full application process.

Source: https://guardian.ng/ama-press-releases/bybit-receives-in-principle-approval-to-operate-in-kazakhstan/

The Monetary Authority of Singapore, the country’s central bank, has granted Ripple in-principle approval for a Major Payment Institution License, according to Ripple.

Source: https://wallstreetpit.com/118740-a-ripple-effect-making-waves-with-an-in-principle-payments-license-in-singapore/

With an aim to set up 21 new industrial estates in 13 districts of the state, the state Cabinet on Wednesday gave in-principle approval to carry out a pre-feasibility assessment report.

Source: https://indianexpress.com/article/cities/ahmedabad/eyeing-21-new-industrial-estates-in-13-dists-cabinet-seeks-assessment-report-8615200/