This week the EU Parliament adopted new rules that will compel all technology providers to have a common USB Type-C charging port for all mobile phones, tablets and cameras in the European Union. EU policymakers also proposed amendments to a Consumer Credit Directive to lower...
This week in TechREG U.S., cryptocurrency regulation has dominated the space. Lawmakers have discussed the role of cryptos in ransomware attacks and how to tackle this rising threat. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The U.K. will start live testing crypto blockchain technology in financial markets activities such as trading and settlement as part of the drive to become a global “crypto hub,” the finance ministry said on Tuesday (June 7) in an event in London. Get the Full...
Earlier this week, Senators Lummis and Gillibrand introduced new legislation to regulate the crypto space, and most of the headlines focused on the “win” for the Commodity Futures Trading Commission (CFTC) over the Securities and Exchange Commission (SEC). If the bill is approved in its...
Today in TechREG, the Consumer Financial Protection Bureau (CFPB) removed Upstart from its list of approved “no-action letters” (NALs). The NALs provided regulatory immunity, but it was the company, not the agency, that requested the removal. Get the Full Story Complete the form to unlock...
The U.K. Treasury released a policy paper on Wednesday (June 8) proposing a new regulatory framework that would provide the Bank of England (BoE) and the Financial Conduct Authority (FCA) with new powers to oversee tech firms that provide critical services to the financial industry....
Today in TechREG, the United Kingdom has announced that it is planning to introduce legislation to give more powers to financial regulators to oversee nonfinancial firms that provide critical services to the industry. While the government didn’t mention any particular company, cloud providers like Amazon...
Today in TechREG, U.S. Senators Cynthia Lummis and Kirsten Gillbrand have introduced their long-awaited crypto bill that outlines the legal framework for crypto assets and establishes new powers to regulators. Bitcoin and other cryptocurrencies are at the center of the debate in a hearing held...
Today, a court in Australia found Google liable for defamatory videos posted on its YouTube platforms targeting a senior politician. The court ordered Google to pay around $500,000, but the ruling adds pressure on Big Tech to apply content moderation rules to their platforms. FinCEN...
