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OKX Admits to Unlicensed Operations, Agrees to $505 Million Settlement with US DoJ
The OKX crypto exchange has pleaded guilty to operating an unlicensed money transmission business in the US. As part of the settlement, its parent company, Aux Cayes FinTech, paid an $84 million (roughly Rs. 731 crore) penalty and forfeited $421 million (roughly Rs. 3,667 crore) in fees, primarily collected from a few institutional clients.
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Punjab Assembly Passes Resolution Against Centre's Draft Policy On Agriculture
The Punjab Assembly on Tuesday unanimously passed a resolution against the Centre's draft of the National Policy Framework on Agricultural Marketing, asserting it is an attempt to bring back the three farm laws repealed by the Centre in 2021.
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Google's AI Overviews Erode the Internet, US EdTech Firm Chegg Says in Lawsuit
Chegg, an online education company that offers textbook rentals, homework help, and tutoring has filed a lawsuit against Google. In the lawsuit filed in Washington, D.C., Google is co-opting publishers' content to keep users on its own site, erasing financial incentives to publish.
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Amid YouTuber Row, House Panel Writes To IT Ministry On Digital Content Laws
Citing the Supreme Court's stern words against vulgarity in the Ranveer Allahbadia case, a parliamentary panel has sought the views of the Ministry of Electronics and Information Technology on efficacy of existing digital laws.
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Can Courts Modify Arbitral Awards? Supreme Court Reserves Verdict
The Supreme Court on Wednesday reserved its verdict on a key legal issue -- whether courts could modify arbitral awards under the provisions of a 1996 law on arbitration and conciliation.
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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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TikTok Returns To Apple, Google App Stores In US After Trump Delays Ban
TikTok has returned to Apple and Google app stores nearly a month after a new security law forced its removal.
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Trump Pauses Anti-Bribery Law: What It Means For Adani Group
US President Donald Trump has ordered a pause in the enforcement of a nearly half-century-old law that was used to go after the Adani Group under the previous Biden administration.
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TikTok to Let US Android Users Download App via Kits on its Website
Apple and Google have not reinstated TikTok to their app stores since a US law took effect on January 19 requiring its Chinese owner ByteDance either to sell it on national security grounds or face a ban.
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Sweden To Limit Access To Weapons After Mass School Shooting
Sweden on Friday said it will introduce a bill to amend weapon laws and restrict access to semi-automatic guns after the country's worst mass shooting this week.
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Indian Consulate Denies Visa To US Politician Kshama Sawant. She Says It's Because..
The Indian Consulate in Seattle was faced with a law and order situation over the emergency visa denial to Indian-American politician Kshama Sawant.
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ByBit Pays Rs. 9.27 Crore Penalty, Completes FIU-IND Registration
ByBit has announced that it has completed its registration with India’s Financial Intelligence Unit (FIU), and paid a Rs. 9.27 crore penalty, as part of its compliance obligations. Earlier this month, the FIU-IND revealed that the Dubai-based exchange was not in compliance with India’s the Prevention of Money Laundering Act (PMLA) because of wh...
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China Reportedly Considers Probe Into Apple's Policies, App Store Fees
China's antitrust regulator is reportedly planning an investigation into Apple's policies and App Store fees. The country's State Administration for Market Regulation is reviewing Apple's policies, including its commission of up to 30 percent on in-app purchases and restrictions on external payment services and App Stores, the report said.
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"Policy To Execute Immigration Laws": US Embassy On Deportation Of Indians
The United States today defended its decision to send 104 Indian migrants, who tried to enter the US illegally, on a C-17 military aircraft which landed in Amritsar yesterday.
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India Plans To Amend Nuclear Liability Laws Ahead Of PM's Expected US Visit
India on Saturday announced plans to amend its nuclear liability law and set up a nuclear energy mission, a move that came ahead of Prime Minister Narendra Modi's likely visit to the US.
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OKX Admits to Unlicensed Operations, Agrees to $505 Million Settlement with US DoJ
The OKX crypto exchange has pleaded guilty to operating an unlicensed money transmission business in the US. As part of the settlement, its parent company, Aux Cayes FinTech, paid an $84 million (roughly Rs. 731 crore) penalty and forfeited $421 million (roughly Rs. 3,667 crore) in fees, primarily collected from a few institutional clients.
-
Punjab Assembly Passes Resolution Against Centre's Draft Policy On Agriculture
The Punjab Assembly on Tuesday unanimously passed a resolution against the Centre's draft of the National Policy Framework on Agricultural Marketing, asserting it is an attempt to bring back the three farm laws repealed by the Centre in 2021.
-
Google's AI Overviews Erode the Internet, US EdTech Firm Chegg Says in Lawsuit
Chegg, an online education company that offers textbook rentals, homework help, and tutoring has filed a lawsuit against Google. In the lawsuit filed in Washington, D.C., Google is co-opting publishers' content to keep users on its own site, erasing financial incentives to publish.
-
Amid YouTuber Row, House Panel Writes To IT Ministry On Digital Content Laws
Citing the Supreme Court's stern words against vulgarity in the Ranveer Allahbadia case, a parliamentary panel has sought the views of the Ministry of Electronics and Information Technology on efficacy of existing digital laws.
-
Can Courts Modify Arbitral Awards? Supreme Court Reserves Verdict
The Supreme Court on Wednesday reserved its verdict on a key legal issue -- whether courts could modify arbitral awards under the provisions of a 1996 law on arbitration and conciliation.
-
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...
-
TikTok Returns To Apple, Google App Stores In US After Trump Delays Ban
TikTok has returned to Apple and Google app stores nearly a month after a new security law forced its removal.
-
Trump Pauses Anti-Bribery Law: What It Means For Adani Group
US President Donald Trump has ordered a pause in the enforcement of a nearly half-century-old law that was used to go after the Adani Group under the previous Biden administration.
-
TikTok to Let US Android Users Download App via Kits on its Website
Apple and Google have not reinstated TikTok to their app stores since a US law took effect on January 19 requiring its Chinese owner ByteDance either to sell it on national security grounds or face a ban.
-
Sweden To Limit Access To Weapons After Mass School Shooting
Sweden on Friday said it will introduce a bill to amend weapon laws and restrict access to semi-automatic guns after the country's worst mass shooting this week.
-
Indian Consulate Denies Visa To US Politician Kshama Sawant. She Says It's Because..
The Indian Consulate in Seattle was faced with a law and order situation over the emergency visa denial to Indian-American politician Kshama Sawant.
-
ByBit Pays Rs. 9.27 Crore Penalty, Completes FIU-IND Registration
ByBit has announced that it has completed its registration with India’s Financial Intelligence Unit (FIU), and paid a Rs. 9.27 crore penalty, as part of its compliance obligations. Earlier this month, the FIU-IND revealed that the Dubai-based exchange was not in compliance with India’s the Prevention of Money Laundering Act (PMLA) because of wh...
-
China Reportedly Considers Probe Into Apple's Policies, App Store Fees
China's antitrust regulator is reportedly planning an investigation into Apple's policies and App Store fees. The country's State Administration for Market Regulation is reviewing Apple's policies, including its commission of up to 30 percent on in-app purchases and restrictions on external payment services and App Stores, the report said.
-
"Policy To Execute Immigration Laws": US Embassy On Deportation Of Indians
The United States today defended its decision to send 104 Indian migrants, who tried to enter the US illegally, on a C-17 military aircraft which landed in Amritsar yesterday.
-
India Plans To Amend Nuclear Liability Laws Ahead Of PM's Expected US Visit
India on Saturday announced plans to amend its nuclear liability law and set up a nuclear energy mission, a move that came ahead of Prime Minister Narendra Modi's likely visit to the US.
