Regulation

Regulation
Alcohol Sales Banned On Facebook, Instagram
July 26, 2019

While alcohol and tobacco sales were already prohibited on Marketplace, Facebook is now extending the policy: Sales of those products will not be allowed any longer between users on Facebook or Instagram, CNBC reported. Get the Full Story Complete the form to unlock this article...

Regulation
IRS Cracking Down On Crypto-Holding Taxpayers
July 26, 2019

The Internal Revenue Service (IRS) is going to send letters to about 10,000 cryptocurrency holders warning them about the penalties they will face if they don’t report their income or pay taxes on the transactions, according to a report by The Wall Street Journal. Get...

Regulation
Australia To Create New Regulatory Branch To Monitor Facebook, Google
July 26, 2019

In a move that could establish a precedent for global lawmakers, Australia said it would create an office to police Google and Facebook. Governments from Europe to the U.S. have been working to face concerns from “fake news” to anti-trust issues, Reuters reported. Get the...

Regulation
DOJ/State AGs Meet To Review Big Tech-Antitrust Connection
July 26, 2019

U.S. Attorney General William Barr met with a bipartisan group of state attorneys general on Thursday (July 25) to discuss competition and antitrust issues related to big tech companies. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Regulation
Mnuchin Says DOJ Should Look Into Amazon Antitrust Issues
July 24, 2019

The Justice Department is right to be looking into Amazon’s practices as part of its antitrust review of big technology companies, Treasury Secretary Steven Mnuchin said Wednesday (July 24).  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Regulation
Facebook Vows To Revamp Privacy Approach
July 24, 2019

For Facebook, it’s a $5 billion fine and a “fundamental shift” in how the social media giant addresses privacy practices. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Regulation
EU Unconcerned About Deficit Of Big Tech Fines
July 23, 2019

The European Commission says it isn’t concerned about the lack of major fines against tech companies during the first year of its General Data Protection Regulation (GDPR). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Regulation
DOJ Launches Antitrust Probe Of Big Tech Firms
July 23, 2019

The Justice Department (DOJ) is going to open a new, separate investigation into the potential antitrust activities of tech companies, compounding troubles for companies like Facebook, Apple and Google that are already the subject of probes by the DOJ and the Federal Trade Commission (FTC). ...

Regulation
FDA Warns Curaleaf About Unproven CBD Health Claims 
July 23, 2019

The Food and Drug Administration (FDA) has written a letter to Curaleaf regarding its alleged illegal selling of CBD products and its use of “unsubstantiated claims” about CBD being able to treat a range of ailments like cancer, Alzheimer’s disease, pain, pet anxiety and even...