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Central bank of Somalia launches QR code standard for financial transactions
Jun 22,2023
The Central Bank of Somalia (CBS) has launched a Quick Response (QR) Code standard to drive the growth of the financial services sector. The launch is the latest sign that Somalia is attempting to rebuild its financial services infrastructure, which ...
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NIST releases a profile of the IoT core baseline for consumer IoT products
Jun 21,2023
The National Institute of Standards and Technology (NIST) Cybersecurity for the Internet of Things (IoT) program has released a profile of the IoT core baseline for consumer IoT products. This publication describes the consumer profile of NIST's IoT ...
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EU Commission takes action to phase out cookies in online advertising
Jun 20,2023
The European Commission has introduced a voluntary initiative aimed at reducing reliance on cookies in the online advertising industry. The initiative, led by the EU consumer protection chief Didier Reynders, involves advertisers, online publishers, ...
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E-commerce discussions make progress at MC12
Jun 17,2023
The 12thWTO Ministerial Conference (MC12) took place from 12 to 17 June, in Geneva. The Conference had already been postponed twice because of COVID-19-related restrictions. During MC12, the co-conveners of the Joint Initiative issued a statement in ...
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UK government unveils strategy to boost location data by 2030
Jun 15,2023
The UK Government recently unveiled its 'Geospatial Strategy 2030' to strengthen location data and technologies across the UK by 2030, ensuring that the country maintains its global leadership in geospatial innovation and maximises the value of locat...
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Meta to introduce new overview for users of its platforms, Germany's competition agency claims
Jun 07,2023
According to Germany's competition regulatory agency, Meta is planning to introduce a new overview for its platforms, Facebook and Instagram, users in a step towards allying anti-trust concerns. The new feature will allow users to decide whether to u...
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Majority of EU countries either rejected or called further examination of network fee levy on big tech
Jun 03,2023
During a meeting led by the EU industry chief Thierry Breton, telecoms ministers from 18 countries either rejected the network fee levy on big tech companies or called for further examination to evaluate its necessity and potential impact. According ...
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Hong Kong and UAE central banks to collaborate on developing regulations for cryptocurrencies
Jun 02,2023
On 29th May, the Hong Kong Monetary Authority (HKMA) met with representatives from the Central Bank of the United Arab Emirates (CBUAE) to discuss cooperation on virtual asset regulations and developments. The bilateral meeting, hosted in Abu Dhabi, ...
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Traditional financial firms building crypto exchange and custody platforms
Jun 01,2023
By the report from the Financial Times, traditional financial firms are building or funding new crypto exchange and custody platforms, hoping to capitalize on their expertise, reputations, and lack of regulatory scrutiny. They believe asset managers ...
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New study highlights economic and geopolitical challenges in EU Data Strategy
May 30,2023
A new study on the EU data strategy reveals economic and geopolitical gaps that need to be addressed. The study, conducted by the Institute for Competitiveness in partnership with other Southern European think tanks, highlights how Europe is lagging ...
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Microsoft accuses CMA of blocking Activision deal
May 30,2023
Microsoft is accusing UK's anti-trust regulator, the Competition and Markets Authority (CMA), of being an outlier in blocking its$69 billion takeover of Activision Blizzard deal, the maker of "Call of Duty." The CMA vetoed the deal in April, citing c...
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Nvidia builds 'Israel-1' AI supercomputer, claims to have ended digital divide
May 30,2023
The world is at a 'tipping point of a new computing era', Nvidia Group has noted at a recent conference at the Computex Forum in Taipei. The company CEO Jensen Huang has claimed 'We have closed the digital divide. Everyone is a programmer now -you ju...
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