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Google, Apple Hit by Twin EU Rebuke Amid Big Tech Crackdown
The European Commission chastised Google for allegedly breaching the bloc’s landmark Digital Markets Act by favoring in-house services across its sprawling search empire and for preventing app developers from steering consumers to offers outside of its Play Store. Meanwhile, Apple was told it must loosen the shackles on its prized iPhone operatin...
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Apple, Meta Said to Face Modest Fines Over DMA Breaches in EU
Apple and Meta Platforms are set to face modest fines for allegedly breaching the DMA acts. The EU antitrust enforcer is focused on making sure the companies comply with the law rather than sanctioning them, the sources said, explaining the rationale for modest fines.
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ESMA Proposes Staff Assessment Guidelines for Crypto Firms Under MiCA Regulations
The EU's ESMA has released a proposal of suggested guidelines to help crypto firms assess the competence requirements for their staff members. By introducing this step, the regulatory agency said, it wants to ensure that only people with the right risk-and-benefit knowledge on crypto get to engage with investors and help them make informed decision...
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BlackRock Said to be Preparing to Launch Bitcoin Exchange-Traded Product in Europe
BlackRock is gearing up to launch a bitcoin exchange-traded product in Europe. The product will likely be domiciled in Switzerland, a source told Reuters. As of now, the asset management firm has neither confirmed nor denied the reports.
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Bitpanda, OKX, Crypto.com Acquire Licences in EU as MiCA Laws Attracts Web3 to RegionÂ
Crypto exchanges OKX and BitPanda have secured licences in the EU region, making their operations legally compliant in 30 countries that comprises the European Economic Area (EEA). While OKX has received its licence in Malta, Bitpanda bagged its MiCA licence in Germany.Â
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Hong Kong-Based HashKey Obtains VASP Licence in Ireland to Comply With EU's AMLD5
The Central Bank of Ireland has granted the licence of a Virtual Asset Service Provider (VASP) to the HashKey exchange, giving it legal permissions to offer a variety of crypto-related services in the country.
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Georgia Signs Into New Law Bill Despite Warnings, EU Thinks Its Queerphobic
The speaker of Georgia's parliament on Thursday signed into law a bill similar to Russian legislation that curbs the rights of LGBTQ people, despite warnings from the EU.
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Meta Will Not Immediately Join EU's AI Pact Ahead Of New Law
Meta Platforms will not immediately join the European Union's AI Pact, a company spokesperson said on Tuesday. The pact is a temporary measure before the bloc's AI Act comes into full
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Qualcomm's Antitrust Fine Confirmed by EU Court With Minor Reduction
Europe's second-highest court upheld an antitrust fine against Qualcomm, reducing it marginally. The fine was levied by the European Commission in 2019, which accused Qualcomm of selling chipsets below cost from 2009 to 2011, to undermine British phone software company Icera.
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Google Loses Fight Against $2.7 Billion EU Antitrust Fine
Google on Tuesday lost its fight against a 2.42 billion euro ($2.7 billion or roughly Rs. 22,673 crore) fine levied by EU antitrust regulators seven years ago. CJEU judges noted that EU law does not sanction the existence of a dominant position, but its abusive exploitation.
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Telegram Founder Arrested: The Global Rise Of Libertarian Chat App
The boss of social media platform Telegram has been arrested in France, accused of allowing the sharing of illegal content.
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Pavel Durov Has "Nothing To Hide", Says Telegram After France Arrest
France held the Russian-born founder of Telegram Pavel Durov in custody for a second day of questioning on Monday over alleged offences related to the popular but controversial messaging app, which insisted he had "nothing to hide".
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Uber Fined $324 Million In Netherlands For Sending Drivers' Data To US
The Dutch data protection watchdog said Monday it hit ride-hailing app Uber with a 290-million-euro ($324 million) fine over the transfer of personal data of European drivers to US servers.
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Apple's Decision to Grant Third-Party Apps Access to NFC Connectivity Could Benefit Crypto Industry
Apple will soon allow third party developers in select EU and some other regions to access the NFC technology on iPhone devices. The development could also benefit crypto companies and associated industries. Circle CEO Jeremy Allaire has said that Apple's NFC feature will enable Web3 wallet makers to allow tap-to-pay transactions.
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Apple Changes App Store Policy in EU After Facing Probe for Breaching Tech Laws
Apple has decided to allow developers to communicate with their customers outside its App Store. The iPhone-maker said developers will now be able to communicate and promote offers that are available anywhere, not just on their own website, from within their app.
-
Google, Apple Hit by Twin EU Rebuke Amid Big Tech Crackdown
The European Commission chastised Google for allegedly breaching the bloc’s landmark Digital Markets Act by favoring in-house services across its sprawling search empire and for preventing app developers from steering consumers to offers outside of its Play Store. Meanwhile, Apple was told it must loosen the shackles on its prized iPhone operatin...
-
Apple, Meta Said to Face Modest Fines Over DMA Breaches in EU
Apple and Meta Platforms are set to face modest fines for allegedly breaching the DMA acts. The EU antitrust enforcer is focused on making sure the companies comply with the law rather than sanctioning them, the sources said, explaining the rationale for modest fines.
-
ESMA Proposes Staff Assessment Guidelines for Crypto Firms Under MiCA Regulations
The EU's ESMA has released a proposal of suggested guidelines to help crypto firms assess the competence requirements for their staff members. By introducing this step, the regulatory agency said, it wants to ensure that only people with the right risk-and-benefit knowledge on crypto get to engage with investors and help them make informed decision...
-
BlackRock Said to be Preparing to Launch Bitcoin Exchange-Traded Product in Europe
BlackRock is gearing up to launch a bitcoin exchange-traded product in Europe. The product will likely be domiciled in Switzerland, a source told Reuters. As of now, the asset management firm has neither confirmed nor denied the reports.
-
Bitpanda, OKX, Crypto.com Acquire Licences in EU as MiCA Laws Attracts Web3 to RegionÂ
Crypto exchanges OKX and BitPanda have secured licences in the EU region, making their operations legally compliant in 30 countries that comprises the European Economic Area (EEA). While OKX has received its licence in Malta, Bitpanda bagged its MiCA licence in Germany.Â
-
Hong Kong-Based HashKey Obtains VASP Licence in Ireland to Comply With EU's AMLD5
The Central Bank of Ireland has granted the licence of a Virtual Asset Service Provider (VASP) to the HashKey exchange, giving it legal permissions to offer a variety of crypto-related services in the country.
-
Georgia Signs Into New Law Bill Despite Warnings, EU Thinks Its Queerphobic
The speaker of Georgia's parliament on Thursday signed into law a bill similar to Russian legislation that curbs the rights of LGBTQ people, despite warnings from the EU.
-
Meta Will Not Immediately Join EU's AI Pact Ahead Of New Law
Meta Platforms will not immediately join the European Union's AI Pact, a company spokesperson said on Tuesday. The pact is a temporary measure before the bloc's AI Act comes into full
-
Qualcomm's Antitrust Fine Confirmed by EU Court With Minor Reduction
Europe's second-highest court upheld an antitrust fine against Qualcomm, reducing it marginally. The fine was levied by the European Commission in 2019, which accused Qualcomm of selling chipsets below cost from 2009 to 2011, to undermine British phone software company Icera.
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Google Loses Fight Against $2.7 Billion EU Antitrust Fine
Google on Tuesday lost its fight against a 2.42 billion euro ($2.7 billion or roughly Rs. 22,673 crore) fine levied by EU antitrust regulators seven years ago. CJEU judges noted that EU law does not sanction the existence of a dominant position, but its abusive exploitation.
-
Telegram Founder Arrested: The Global Rise Of Libertarian Chat App
The boss of social media platform Telegram has been arrested in France, accused of allowing the sharing of illegal content.
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Pavel Durov Has "Nothing To Hide", Says Telegram After France Arrest
France held the Russian-born founder of Telegram Pavel Durov in custody for a second day of questioning on Monday over alleged offences related to the popular but controversial messaging app, which insisted he had "nothing to hide".
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Uber Fined $324 Million In Netherlands For Sending Drivers' Data To US
The Dutch data protection watchdog said Monday it hit ride-hailing app Uber with a 290-million-euro ($324 million) fine over the transfer of personal data of European drivers to US servers.
-
Apple's Decision to Grant Third-Party Apps Access to NFC Connectivity Could Benefit Crypto Industry
Apple will soon allow third party developers in select EU and some other regions to access the NFC technology on iPhone devices. The development could also benefit crypto companies and associated industries. Circle CEO Jeremy Allaire has said that Apple's NFC feature will enable Web3 wallet makers to allow tap-to-pay transactions.
-
Apple Changes App Store Policy in EU After Facing Probe for Breaching Tech Laws
Apple has decided to allow developers to communicate with their customers outside its App Store. The iPhone-maker said developers will now be able to communicate and promote offers that are available anywhere, not just on their own website, from within their app.
