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Crypto Companies Push For Congressional Support To Regulate SEC
 |  Jul 10, 2023

Crypto companies are making a renewed push on Capitol Hill in search of congressional support for legislation that would provide regulatory clarity and rein in the U.S. Securities and Exchange…

SVB Financial Sues To Recover $1.9 Billion From FDIC
 |  Jul 10, 2023

Silicon Valley Bank’s parent company says America’s banking watchdog owes it $1.9 billion. To that end, SVB Financial filed suit Sunday (July 9) against the Federal Deposit Insurance Corporation (FDIC) to recover…

EU and US Reach Data Privacy Agreement, Ensuring Safe Data Flows
 |  Jul 10, 2023

The European Union’s executive body and the United States have agreed on a deal allowing the safe flow of data across the transatlantic divide, giving companies reassurance that their data…

Binance Faces Executive Exodus As DOJ Investigation Looms
 |  Jul 10, 2023

Binance has reportedly seen several executives depart amid fears of a U.S. Justice Department investigation. The cryptocurrency giant’s general counsel, head of investigations and chief strategy officer are all among the…

White House To Hold First-Ever Senate Briefing On Artificial Intelligence
 |  Jul 10, 2023

On Tuesday, the White House is set to hold its first-ever classified Senate briefing on Artificial Intelligence (AI) at a Sensitive Compartmented Information Facility (SCIF) in the US Capitol. Avril…

China’s Ant Group Slapped with $1 Billion Fine Over Consumer Data
 |  Jul 9, 2023

China’s Ant Group, an affiliate of the giant e-commerce platform Alibaba, was slapped with a nearly $1 billion fine by the country’s top securities regulator on Friday in what is…

EC Proposes New Regulation to Address Cross-Border GDPR Cases
 |  Jul 9, 2023

As the European Commission (EC) published a proposed regulation to address cross-border GDPR cases, the European Consumer Organisation said the new rules are “unlikely to be of much help to…

Judge Halts NYC Law Opposed Gig Delivery Services
 |  Jul 9, 2023

A judge has reportedly halted a New York City minimum wage law that is opposed by app-based food delivery firms. New York State Supreme Court Justice Nicholas Moyne issued a…

Japan Takes More Relax Approach To AI Regulations Compared To EU
 |  Jul 3, 2023

According to an official close to the deliberations, Japan is considering adopting less strict regulations on the use of artificial intelligence (AI) compared to the European Union. The country sees…

Mexican Watchdog Probes Monopolistic Activity In Digital Goods
 |  Jul 3, 2023

Mexico’s Federal Economic Competition Commision (COFECE) has launched an investigation into possible monopolistic practices in the market for the sale and development of digital goods and services, related services and…

Kraken Ordered to Turn Over Crypto Customer Info To IRS
 |  Jul 3, 2023

A federal judge has ordered cryptocurrency exchange Kraken to release customer information to the IRS. The Internal Revenue Service had asked for information to determine if Kraken’s customers had understated their revenues when filing…

TikTok Updates Data Usage Regulations To Fit EU Laws
 |  Jul 3, 2023

In response to evolving EU privacy laws and industry changes, TikTok has announced an update to its ad-targeting data usage policy. TikTok is making changes to its ad targeting process for teenagers…

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