parliament

Russian lawmakers on Tuesday approved a draft law that would potentially exempt issuers of digital assets and cryptocurrencies from value-added tax. Russia has long voiced scepticism of cryptocurrencies and other digital assets, with the central bank citing concerns over financial stability. But in February the regulator gave blockchain platform Atomyze Russia the first licence to exchange digital assets. A licence for dominant lender Sberbank soon followed. Unprecedented Western sanctions have hit the heart of Russia's…

The European Parliament approved legislation to tax imports based on the greenhouse gases emitted to make them, a plan that is sending shudders through the global trading system.The legislation backed by the parliament on Wednesday broadens a previous proposal for the tariff to include some chemical makers. It also sets a faster timeline for implementation than the earlier proposal, which was drafted by the European Commission, the European Union’s executive arm. Now the legislation must be reconciled with a version that…

IT minister Ashwini Vaishnaw said there is a clear consensus in the country on making social media platforms more accountable, and assured that the government will bring legal changes and regulations needed to do so. Internet on mobile phones and social media platforms have brought powerful and transformative changes, but it must come with the realisation of responsibilities, the minister said emphasising that social media and the digital world need to be made more accountable. "Whatever legal changes are required, we…

A top Democratic lawmaker on antitrust issues said Tuesday a bill aimed at reining in the market power of Big Tech platforms like Amazon.com and Alphabet's Google had the votes to pass the both chambers of Congress in the next few weeks.On the sidelines of an event to rally support for measures before the Senate and House of Representatives that would prevent tech platforms, including Apple and Facebook, from favouring their own businesses in search and other ways, Representative David Cicilline, chair of the House…

Article content OTTAWA — Canada’s Parliament has created a day to recognize the genocide of Tamil people in Sri Lanka. Article content Parliament unanimously adopted the motion to make May 18 of each year Tamil Genocide Remembrance Day. Liberal MP Gary Anandasangaree put forward the motion on Wednesday. Anandasangaree, the MP for Scarborough-Rouge Park, says in a statement that Canada became the first national Parliament in the world to create such a day. He says the passed motion is the result of years of work by…

We’re all wondering what lies ahead for Twitter now that it is going to be owned by Elon Musk. Though the Tesla CEO has tweeted hints of what’s to come for the social media platform after his acquisition, the U.K. Parliament has decided to get the details via a more straightforward approach: Inviting Musk to testify before them. On Wednesday, the U.K. Parliament’s Digital, Culture, Media and Sport Committee (DCMS) tweeted out a copy of a letter it sent to Musk, inviting him to speak about his plans for his newly…