Regulations

Cryptocurrency companies will need a licence and customer safeguards to issue and sell digital tokens in the European Union under groundbreaking new rules agreed by the bloc to tame a volatile "Wild West" market. Globally, crypto assets are largely unregulated, with national operators in the EU only required to show controls for combating money laundering. Representatives from the European Parliament and EU states thrashed out a deal late on Thursday on its Markets in Crypto-assets (MiCA) law. "Today we put order in the…

A recent report has revealed that the ever-controversial loot boxes are set to be regulated in Spain, making it the first European country to pass a law to do so.  The report comes from an article on the website Reuters, with Consumer Minister Alberto Garzon stating that in a few weeks the government will “regulate gaming features that offer prizes with an economic value in a real or virtual market and that can be resold or exchanged.” The government claims this is to avoid “thoughtless, compulsive or even…

The European Union has extended 'Roam-like-at-home' regulations for telecom providers until 2032, the European Commission announced on Thursday. The scheme allows travellers in the EU and the EEA to call, text and surf abroad without extra charges. "With our roaming regulation we have all benefitted from Roam-like-at-home," EU's top official Margrethe Vestager said in an official statement. "This is a very tangible benefit of our European Single Market. Prolonging these rules will keep inter-operator prices competitive,…

The modern cryptocurrency landscape is filled with uncertainty, even though prices for Bitcoin and Ethereum are seeing a marginal increase. Decentralized autonomous organizations (DAO) are another mystery, as no one is sure if they’ll be targeted for taxation in the next few years. What is a DAO? A decentralized autonomous organization or DAO is an entity whose rules or decisions aren’t enforced (and, for now, controlled) by a central authority. Instead, they’re governed by small contracts and act similarly to…

Amazon.com on Wednesday lambasted a bill in Congress barring tech giants from giving preference to their own businesses on their websites, saying it unfairly singles the retailer out while not subjecting rivals to similar regulations.The Senate could vote on the bill as early as this month, media outlets have reported. The measure passed the Senate Judiciary Committee in January, despite hefty lobbying from top executives like Apple chief executive Tim Cook. It also passed the House Judiciary Committee last year.Amazon…

How people feel about Big Tech has changed since last year. A new study from the Pew Research Center found that fewer people in the US want more regulations for Big Tech companies. This decline, which spans across the political spectrum, showed that 44 percent of Americans are in favor of more government regulation compared to 56 percent of those surveyed last year. That doesn’t necessarily mean they’re all in favor of less regulation; for example, 32 percent of liberal Democrats surveyed say that the current amount…

Image used for representation. (Photo: Manav Sinha/News18.com)IndiGo Boarding Incident: DGCA says a fact-finding committee found the airline staff prima facie violated regulations in denying boarding to a specially-abled child at the Ranchi airport on May 7PTI Last Updated:May 16, 2022, 18:32 ISTFOLLOW US ON:IndiGo Boarding Incident: Aviation regulator DGCA has said it has issued a showcause notice to IndiGo after a fact-finding committee found the airline staff prima facie violated regulations in denying boarding to a…

Some cryptocurrencies have always been fairly volatile, with values soaring or plunging within a short space of time. So for the more cautious investor, “stablecoins” were considered the sensible place to go. As the name implies, they are designed to be a steadier and safer bet. At the moment though, that stability is proving hard to find. The value of one of the most popular stablecoins, Terra (also known as UST), has fluctuated wildly in the last few days, before dropping dramatically – and…

Credit: Pixabay/CC0 Public Domain Most employees in the U.S. with certain retirement accounts may be surprised when they open their next quarterly statements—and not just because of recent turmoil in financial markets, according to a paper from a University of Illinois Urbana-Champaign expert on U.S. tax policy and retirement issues.…

Countries are taking more steps to compel social-media platforms to shield users from material they deem harmful through standards that could affect Twitter Inc. TWTR -0.31% as Elon Musk prepares to buy the company.Regulators from Australia to the European Union, India, Canada and the U.K. have recently introduced or are considering new rules for policing online content. They include a coming EU requirement for major platforms to conduct…