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Apple under EU antitrust scrutiny over proposal for Spotify and App Store
Apr 09,2024
The EU antitrust regulators are scrutinising a proposal by Apple to determine if it meets their directive allowing Spotify and other music streaming services to inform users of alternative payment methods outside of Apple's App Store. This review fol...
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Terraform labs and former CEO found liable for defrauding crypto investors
Apr 08,2024
Terraform Labs PTE Ltd. and its former CEO, Do Kwon, have been found liable for defrauding investors in crypto asset securities by a jury in the United States District Court for the Southern District of New York. This verdict follows the court's prev...
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Google sues alleged scammers for distributing fraudulent crypto apps on Play Store
Apr 05,2024
Google has initiated legal action against two alleged crypto scammers for distributing fraudulent cryptocurrency trading apps through its Play Store, deceiving users and extracting money from them. Based in China and Hong Kong, the accused developers...
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BIS and central banks collaborate with private sector for tokenisation project
Apr 04,2024
The Bank for International Settlements (BIS) and seven central banks have announced their intention to collaborate with the private sector to explore the potential of tokenisation in improving the functionality of the monetary system. This collaborat...
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Adobe report reveals growing adoption of Generative AI among Americans
Apr 03,2024
The most recent Adobe study found the growing acceptance of Generative AI (Gen AI) within the American population, with more than half of individuals already engaging with it and anticipating increased use across various facets of their lives. The re...
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Singapore expands regulation on cryptocurrency to include custodial services and cross-border transfers
Apr 02,2024
The Monetary Authority of Singapore (MAS) has announced the expansion of its regulation on cryptocurrency-related activities to include custodial services and cross-border money transfers. The amendments to the Payment Services Act (PS Act) aim to pr...
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Microsoft to unbundle Teams from Office in response to EU antitrust probe
Apr 01,2024
Microsoft plans to separate its chat and video app, Teams, from its Office suite on a global scale in response to antitrust scrutiny. This decision comes after the European Commission triggered a similar separation in Europe in 2023, following a comp...
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US raises concerns on India's ICT import rules
Apr 01,2024
The United States has intensified its dialogue with India over concerns regarding import restrictions on information and communications technology (ICT) products, such as laptops and tablets. Specifically, the US is troubled by the perceived lack of ...
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CEO of the FTX Sam Bankman-Fried sentenced to 25 years in prison for fraud
Mar 28,2024
Sam Bankman-Fried, the CEO of cryptocurrency exchange FTX, has been sentenced to 25 years in prison by U.S. federal judge Lewis Kaplan for his involvement in a fraud and conspiracy scheme that led to the collapse of FTX. The judge criticized Bankman-...
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Less than 30% of jurisdictions worldwide have implemented cryptocurrency regulations: FATF president
Mar 28,2024
Acting president of the Financial Action Task Force (FATF) T. Raja Kumar, said in an interview with CoinDesk, that less than one third of jurisdictions worldwide have implemented regulations for the cryptocurrency sector. Kumar stressed the need to a...
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Cryptocurrency exchange KuCoin charged with anti-money laundering violations in the US
Mar 27,2024
Federal prosecutors in the US have charged cryptocurrency exchange KuCoin and two of its founders, Chun Gan and Ke Tang, with violating anti-money laundering laws. The charges allege that the exchange operated in the US while misleading investors abo...
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Ofcom has introduced new rules to improve transparency on roaming charges
Mar 26,2024
The Office of Communications (Ofcom), the UK's telecommunications regulator, has introduced new rules to improve transparency regarding roaming charges for mobile network users traveling abroad. These regulations, effective from October 1, 2024, mand...
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