China’s technology giants have reportedly begun enforcing new rules governing app publishers. Mobile app stores operated by companies like Tencent and Xiaomi have begun blocking app publishers from debuting new apps if they haven’t made proper disclosures to the authorities, Reuters reported Monday (Sept. 4). New rules introduced last month...
A California bill proposing to hold platforms accountable for social media addiction has died in committee. As Bloomberg News reported Friday (Sept. 1), this marks the second year in a row the bill has failed to get past the committee amid heated opposition from big tech companies....
Microsoft has announced plans to unbundle its Teams software from its Office suite in Europe in response to concerns raised in an antitrust investigation by the European Union (EU), The Wall Street Journal reported on Thursday (Aug. 31). The move will see the software giant offering business...
In a significant development for the cannabis industry, U.S. health officials have recommended easing restrictions on cannabis and reclassifying it as a Schedule III drug under the Controlled Substances Act. The move could open the door to more cohesive payments systems in the sector. Currently,...
A new Federal Reserve supervisory letter on the process for state member banks using dollar tokens, such as stablecoins, to facilitate payments has drawn the ire Monday (Aug. 28) of members of Congress. Earlier this month, the Fed released guidelines for state member banks to...
It is the European Union’s (EU) digital decade — and it starts Friday (Aug. 25). The rest of the world, particularly its tech sector, has officially been put on notice. That’s because the four-month grace period for the world’s largest tech companies to comply with...
Big tech companies like Google and Apple will soon face sweeping new regulations in Europe. As The Wall Street Journal noted in a report Sunday (Aug. 20), the new laws mark the largest expansion of regulations ever seen in the west, similar to the restrictions...
The digital age is reshaping behavioral norms and business opportunities. The 21st century commercialization of innovations like blockchain-based cryptocurrencies and generative artificial intelligence (AI) have created entirely new industries that have transformed the business landscape. For the most part, the federal government has let the...
Goldman Sachs Group is reportedly adding staff to its compliance department amid increased scrutiny of the industry from the Federal Reserve. The Wall Street firm plans to enlist several hundred new staffers to address concerns raised by banking supervisors, Bloomberg reported Thursday (Aug. 17). Goldman Sachs CEO David Solomon has...
