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Cryptocurrency exchange Coinbase sued by the SEC while the task force of 10 US states regulators investigating
Jun 06,2023
One day after the US Securities and Exchange Commission (SEC) accused Binance for securities fraud, the Coinbase, a largest US based cryptocurrency exchange, is sued by the SEC. The SEC alleges that cryptocurrency exchange has failed to register its ...
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EU reached an agreement to update its telecoms rules
Jun 06,2023
The European Parliament and the Council of the European Union reached a political agreement to update the European Union's telecoms rules, announced the European Commission. The new European Electronic Communications Code will modernise the current E...
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The SEC accuses Binance of mishandling customer funds and lying to regulators
Jun 05,2023
The US Securities and Exchange Commission (SEC) has accused Binance, the world's largest cryptocurrency exchange, of mishandling customer funds and lying to US regulators and investors. According to the SEC's 136-page complaint, company mixed billion...
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BEUC joins EU antitrust case against Apple
Jun 02,2023
The European Consumer Organisation BEUC joined as an interested third party in the European Union antitrust case against Apple. The European Union claims that Apple distorts competition in the music streaming market. The case can lead to a fine of as...
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EU issues guidelines on the sharing economy
Jun 02,2023
The European Union has issued new guidelines on the sharing economy, aimed at reaping the benefits of the new business models, and addressing concerns over the uncertainty of rights and obligations arising from the sector. The non-binding guidelines,...
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EU cautions against banning Uber and Airbnb
Jun 01,2023
Governments should not ban services like Uber or Airbnb, except in last resort, the European Union says in its new guidelines on the sharing economy, which will be released on 2 June. Restrictions on the 'sharing economy' should be justified and prop...
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UN Special Rapporteur report on content regulation
May 31,2023
Medianama'sUN Rapporteur: Human rights central to content regulation notes the publication of UN Special Rapporteur on the promotion and protection of the right to freedom of opinion and expression David Kaye's latest report to the UN ...
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India's telecom regulator issues pre-consultation paper on net neutrality
May 30,2023
The Telecom Regulatory Authority of India (Trai) has issued a Pre-Consultation Paper on Net Neutrality, seeking comments by 21 June. The paper asks stakeholders a set of questions, including views on core net neutrality principles, traffic management...
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CFPB to muscle up for AI safety in ensuring automated systems comply with the law
May 29,2023
The Consumer Finance Protection Bureau (CFPB), the agency of the United States government responsible for consumer protection in the financial sector, is taking additional measures to ensure that artificial intelligence (AI) is used properly to avoid...
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NIST publishes a final IoT guide for manufacturers
May 29,2023
The US National Institute of Standards and Technology (NIST) published a final guide titled NISTIR 8259 -Foundational Cybersecurity Activities for IoT Device Manufacturers following two previous drafts. The guide details six recommended foundational ...
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UK grants CMA power for enhancing consumer protection
May 28,2023
According to an article, the UK government has laid before Parliament a new EU-derived regulation which seeks to give new powers to the Competition and Markets Authority (CMA) for enforcing consumer protection in the online sphere. The new regulation...
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UK: the government sends an open letter to cloud providers asking them to comply with consumer law
May 27,2023
The UK Competition and Markets Authority (CMA) has recently sent anopen letter to cloud storage providers asking them to comply with consumer law. CMA notes that, based on a review it had conducted into the cloud storage sector, it has found that 'so...
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