Britain risks becoming 'rule taker' as government puts off legislation to empower CMA's digital markets regulator, as EU speeds ahead with major packages
TECHNOLOGY POWERING BUSINESS
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Japan ‘Seeking Fines’ On Tech Giants Over Domestic Registration
Japanese government reportedly planning to fine noncompliant tech companies over local registration requirement, amidst global crackdown on tech giants
NetEase Delays Game After China Censor Uproar
Chinese internet and gaming giant NetEase delays Diablo Immortal release in country after running afoul of censors over social media post
Smaller Firms Support US Tech Competition Bill As Giants Resist
Dozens of smaller tech companies and organisations sign letter supporting American Innovation and Choice Online Act as tech giants warn of 'user risk'
Russia Seeks New Fines Against Google, Other Tech Players
Russian communications regulator opens cases against Google and six other tech firms amidst mounting tensions with foreign companies
Binance Registers In Italy Amidst Europe Push
Binance registers in Italy following France approval, almost a year after it was forced to scale back operations in Europe due to regulatory crackdown
SEC Held Off Elon Musk Enforcement ‘Due To Court Fears’
US securities regulators may have refrained from enforcement actions against Elon Musk due to discouraging outcome of 2019 court hearing, report claims
Russia ‘Not Planning To Block YouTube’ Says Minister
Digital minister says Russia not planning to block YouTube in the country as Russian users would suffer, amidst mounting tensions with West
Bitcoin Slide Continues As Regulators Weigh In
Bitcoin and other cryptocurrencies continue to slide after spectacular collapse last week of 'stablecoin' TerraUSD and broader market jitters
UK Tech Watchdog To Be Given Legal Powers
UK's tech regulator Digital Markets Unit to be given powers to levy huge fines on tech giants, but smaller businesses express 'frustration' with timing
Influencer Industry Must Be Regulated, Say MPs
Boom in social media influencer industry has exposed children to exploitation and without adequate protections around advertising, MPs find
SEC Nearly Doubles Staff Of Crypto Enforcement Group
US financial regulator adds 20 full-time staff to cryptocurrency enforcement unit, also targets fraud in decentralised finance, NFTs, stablecoins
Alibaba Shares Briefly Plunge After Report About ‘Ma’
Alibaba Hong Kong shares briefly drop after ambiguous state media report about individual named 'Ma', as government strives to calm investor jitters
Google Calls For Dismissal Of £1.25bn EU Antitrust Fine
Google begins laying out arguments in Luxembourg's General Court calling for the dismissal of a £1.25bn EU antitrust fine over its advertising practices
Online Safety Bill May Pose Risk To Startups, Suggests Regulator Boss
UK's forthcoming online safety bill risks stifling start-ups, the UK tech regulator chief who will help oversee its eventual implementation
JD.com Founder Richard Liu Steps Down As CEO
Richard Liu, founder of Chinese e-commerce giant JD.com, steps down as chief executive amidst ongoing regulatory crackdown on China's tech sector
Government Sets Out Plan To Recognise Stablecoins
Royal Mint to create a Non-Fungible Token (NFT) this summer, as the government unveils move to recognise stablecoins as a valid form of payment
India Launches Probe After E-Scooter Fires
Indian regulators launch investigation after two people die in series of fires affecting electric scooters, promise 'appropriate action'
WeChat Disables Accounts Linked To NFTs
China's WeChat messaging service disables accounts linked to 'speculation' and secondary sales of NFTs amidst regulatory crackdown
Regulators Monitor Crypto Over Russia Sanction Fears
Regulators at G20 countries say they are monitoring use of cryptocurrencies amidst fears they could be used to evade sanctions on Russia
Australia To Give Media Regulator New Powers In Misinformation Push
Australian media regulator Acma to be able to force tech companies to hand over data relating to misinformation and disinformation efforts
Tencent ‘Facing Record Fine’ Over Payment Violations
China tech giant Tencent Group facing record fine from central bank over violations of money laundering rules as fintech crackdown continues
UK Regulator Warns Against ‘Illegal’ Crypto Cash Machines
Financial Conduct Authority warns cryptocurrency ATMs operating in UK are illegal and operators must shut them down or face enforcement action
Apple Says It Has Complied With Dutch App Store Order
Apple argues proposal to Netherlands consumer regulator requires only 'minor technical change' and no additional costs, as App Store fines hit 25m euros
GM’s Cruise Seeks Permit For ‘Origin’ Autonomous Vehicle
General Motors unit Cruise formally seeks US regulatory permit for Cruise Origin vehicle that includes no human controls as it pushes ahead with robo-car
Russia Finance Ministry Advances Crypto Regulation Plans
Russia's finance ministry says it will take central bank's cryptocurrency fears into account as it submits legislative proposals to regulate the sector
US Regulator Launches Probe Into Tesla ‘Phantom Braking’
US auto safety regulator NHTSA launches preliminary inquiry into Tesla cars unexpectedly braking while on motorways in latest safety probe
Dutch Court Fines Apple Third Time Over App Store Fees
Netherlands competition regulator imposes third weekly fine of 5 million euros on Apple, as company insists its changes are in line with December decision
Crypto Companies Band Together To Address Fraud Risk
Large crypto companies and trade associations promote 'market integrity pledge' to gain public trust amidst ongoing risk of manipulation and fraud
EU Urged To Take Rapid Action Over Digital Finance Risks
Joint report by EU financial regulators identifies 'new synergies' but also potential for 'systemic risk' that must be addressed by holistic supervisory approach