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Italy fines Amazon subsidiaries for unfair practices
Apr 24,2024
,Italy's antitrust authority has fined two Amazon subsidiaries 10 million euros for alleged unfair commercial practices, a decision that Amazon plans to challenge through an appeal. The regulator accused Amazon of limiting consumers' freedom of choic...
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Japan's antitrust watchdog orders Google to address advertising restrictions
Apr 23,2024
,Japan's antitrust watchdog has issued a directive to Google, stating that the US tech giant must address its advertising search restrictions that affect Yahoo in Japan. According to the Japan Fair Trade Commission, Google's practices were found to i...
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Japan's antitrust bill to target tech giants
Apr 19,2024
The Liberal Democratic Party has sanctioned a bill for regulating tech giants at a joint meeting for its economy, trade, and industry division. The proposed bill from the Japan Fair Trade Commission will be a proactive regulatory measure aiming to pr...
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UK treasury to introduce regulatory framework for crypto assets and stablecoins in July
Apr 16,2024
The United Kingdom Treasury is set to introduce a regulatory framework for crypto assets and stablecoins by July, with the aim of promoting local innovation in digital assets and blockchain technology. Bim Afolami, the UK's economic secretary to the ...
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The US Federal Communications Commission introduces broadband consumer labels
Apr 11,2024
The US Federal Communications Commission (FCC) has introduced new rules requiring internet packages to have 'broadband labels', similar to nutritional tags on food products. These labels aim to provide consumers with clear information about the prici...
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Amazon seeks dismissal of alleged web traffic sharing antitrust lawsuit
Apr 10,2024
Amazon has requested US district court in Seattle to reject a lawsuit alleging that AWS, its cloud-computing division, suppressed a startup collaborating with Epic Games and others to deliver high-speed internet. It has urged the court to dismiss Sub...
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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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