2019-8-22 23:37 |
The European Commission, the executive arm of the European Union, is currently investigating whether Facebook's Libra cryptocurrency would monopolize the payments industry.
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The European Court of Justice, the top court of the European Union, has made an important decision on the global reach, power, and influence of the social media giant, Facebook. The ruling allows for individual countries to force Facebook to take down posts, photographs, and videos, as well as restrict access to any unwanted content.
2019-10-4 18:10 | |
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Facebook’s Libra may be facing multiple threats from regulators, but the same critics are now racing to beat the social media giant at its own game. Experts: Chinese Libra May Come First The US, China and European Union are all concerned about Facebook’s digital currency.
2019-8-23 18:00 | |
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The European Union is actively probing Facebook’s Libra digital currency project for competition law violations, mainstream media report. Facebook’s Libra Has ‘Potential Anti-Competitive Behavior’ According to Bloomberg, which cited official correspondence August 20, the European Commission is quizzing Libra participants via a dedicated questionnaire.
2019-8-21 14:00 | |
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The European Commission, an executive branch of the EU, has initiated their inquiry into Libra’s ability to suppress rivals and create a financial monopoly. Reports from Bloomberg, August 21, 2019, confirm that the European Commission is scrutinizing the consortium of companies involved with Libra.
2019-8-21 13:00 | |
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Facebook’s Libra project has been questioned by European Union anti-trust regulators. They are concerned about the project, popularly referred to as a cryptocurrency, restricting competition.
2019-8-21 01:00 | |
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Facebook is having a hard time convincing regulators and lawmakers to approve its new digital coin Libra. Now that both the United States and India have presented concerns about the project, it was the time for the European Union to do it.
2019-8-21 23:58 | |
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Coinspeaker Facebook’s Libra Will See Easy Adoption Regardless of Backlash, Says Binance CEOChangpeng Zhao, the Binance CEO, believes Facebook’s Libra will easily achieve mass adoption whether or not people hate it.
2019-8-8 15:08 | |
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Libra, the cryptocurrency project headed by Facebook and the Libra Association, is getting heat from several privacy and data protection regulators around the world. According to recent reports made by The Block Crypto, regulators from countries such as the United States, Canada, United Kingdom, Australia and the European Union are all concerned about Libra and […]
2019-8-7 22:35 | |
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Just when we thought Facebook’s Libra couldn’t be subject to any more scrutiny, it turns out that data protection bosses from all over the world have banded together to share concerns about the ‘cryptocurrency’s’ potential privacy risks.
2019-8-6 14:49 | |
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This article was originally published on SEXTECHGUIDE, an independent publication that looks at the intersection between sex and technology in a non-explicit, as close to a ‘safe for work’ way as possible – including app reviews, adult VR info, sextech devices, privacy, security issues, and much more.
2019-7-28 12:00 | |
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Sun Microsystem is a name seldom uttered in 2019. That’s a damned shame, because if it wasn’t for this hugely influential firm, the Internet would be a completely different place. Suffice to say, we owe it a tremendous debt.
2019-7-11 18:17 | |
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A growing number of governments have responded to Facebook’s cryptocurrency plans including China, France, India, Japan, South Korea, Russia, Singapore, Thailand, the U. K. , and the U. S. Several intergovernmental organizations have also weighed in such as the European Central Bank and the Bank of International Settlements.
2019-7-11 08:30 | |
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Facebook’s motto has been to move fast and break things. That battle cry is about to be tested as regulators across the world are being urged to act even faster and prevent the tech firm from developing its Libra cryptocurrency in a ‘regulatory void’.
2019-7-9 11:17 | |
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This article was originally published on SEXTECHGUIDE, an independent publication that looks at the intersection between sex and technology in a non-explicit, as close to a ‘safe for work’ way as possible – including app reviews, adult VR info, sextech devices, privacy, security issues, and much more.
2019-7-9 18:27 | |
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European Central Bank Executive Board member Benoit Coeure has said that financial regulators across the world must move fast in preparation for the planned Libra’s entry into the financial system, Bloomberg reports.
2019-7-8 17:32 | |
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Coinspeaker Facebook’s Libra is ‘Just Too Dangerous’, Says ECB PolicymakerJust recently the European Central Bank (ECB) has yet again commented on the Facebook Libra project and now they are saying that “it's too dangerous” and regulators need to improve the way they work.
2019-7-9 17:08 | |
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ECB’s Benoit Coeure warned Facebook must not be allowed to create a rival of the current monetary system.
2019-7-8 16:58 | |
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An Executive Board Member of the European Central Bank (ECB), the financial institution responsible for administering monetary policies within the Eurozone, has opined that financial watchdogs across the globe must now fast track the process of regulating bitcoin (BTC) and other blockchain-based digital assets, as more and more institutions like Facebook join the bandwagon, reportsRead MoreRead More.
2019-7-8 13:35 | |
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Benoit Coeure of the European Central Bank has said projects like Facebook's Libra require faster action from regulators.
2019-7-8 11:10 | |
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Financial regulators must act fast to prepare for Facebook’s Libra stablecoin, according to European Central Bank executive board member Benoit Coeure
2019-7-8 21:09 | |
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In light of Facebook’s upcoming Libra coin, European Central Bank (ECB) Executive Board Member Benoit Coeure is reportedly urging financial regulators to create a viable framework for crypto projects.
2019-7-8 18:10 | |
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When the time comes for the ultimate decision, either cryptocurrency or fiat must stoop to form the new status quo for finance. Facebook’s entry into the crypto space stirred the pot, bringing focus on crypto’s role within the existing market regulations.
2019-7-5 00:00 | |
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Finance industry officials have hinted toward the development of a real-time payments system with instant settlement to be used by banks across the Eurozone. Traditional financial systems have come under pressure from cryptocurrencies and, more recently, Facebook’s new digital currency, as reported by Reuters, June 26, 2019.
2019-6-29 21:00 | |
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Coinspeaker As Global Regulators Demand More Insights Into Facebook’s Libra, Switzerland Remains CalmFacebook's Libra project is drawing scrutiny from global regulators soon after the announcement last week.
2019-6-26 10:22 | |
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France will set up a task force for the G7 nations to investigate ‘stablecoin’ projects such as Facebook’s Libra cryptocurrency. France’s Central Bank Isn’t Entirely On-Board With Stablecoins France’s Central Bank Governor, Francois Villeroy de Galhau, made the announcement, while addressing finance industry officials.
2019-6-21 22:00 | |
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European central bankers and politicians were wary about the promises of Facebook’s upcoming digital coin.
2019-6-19 14:05 | |
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Following Facebook’s unveiling of its stable cryptocurrency, not only did top crypto influencers criticize the plan, but some European officials immediately called for deep scrutiny of the project, as reported by Bloomberg.
2019-6-19 00:54 | |
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French Finance Minister Bruno Le Maire has called on the Group of Seven central bank governors to prepare a July report regarding the financial aspects of Facebook's Libra cryptocurrency, as European Parliament members fear the social media platform could become a shadow bank.
2019-6-18 18:58 | |
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“It is out of question’’ that Facebook's Libra be allowed to “become a sovereign currency,” says France's finance minister.
2019-6-18 18:15 | |
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By CCN Markets: Facebook has just hired a senior UK bank lobbyist ahead of GlobalCoin launch to help the company cope with European regulations. According to the Financial Times, Facebook will employ Standard Chartered European Head of Corporate and Public Affairs Ed Bowles from September as its London-based director of public policy.
2019-6-14 15:14 | |
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GDPR is complicated business; even people like me who try to keep up with all its developments struggle to understand this mammoth set of European regulations and its effects. I believe one of the main reasons for that is we’ve yet to see a proper GDPR case being brought against big tech companies like Facebook and Google — the companies GDPR should protect us from.
2019-4-30 14:06 | |
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A major European investment bank says the Instagram Checkout feature which debuted last week will make Facebook $10 billion richer every year by 2021. The social media app’s new shopping cart is rolling out in beta with 23 top brands (like Nike, Adidas, Dior, and Prada).
2019-4-2 18:44 | |
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The European Union’s antitrust commissioner has emerged as a surprise ally for Facebook, Google, and even Apple as Elizabeth Warren bets her presidential bid on breaking up big tech. Margrethe Vestager, until now a thorn in the regulatory side of technology giants like Amazon and Google, has surprisingly emerged in their support.
2019-3-20 00:00 | |
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This article was originally published on SEXTECHGUIDE, an independent publication that looks at the intersection between sex and technology in a non-explicit, as close to a ‘safe for work’ way as possible – including app reviews, adult VR info, sextech devices, privacy, security issues, and much more.
2019-3-13 16:10 | |
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Following the precedent set by some European countries such as Austria, France, Italy, Spain and the United Kingdom, New Zealand has indicated it will introduce a digital services tax. This is expected to affect internet giants such as Google and Facebook, according to the New Zealand Herald.
2019-2-18 16:00 | |
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This article was originally published on SEXTECHGUIDE, an independent publication that looks at the intersection between sex and technology in a non-explicit, as close to a ‘safe for work’ way as possible – including app reviews, adult VR info, sextech devices, privacy, security issues, and much more.
2019-2-16 13:00 | |
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The European Parliament and the European Council have reached an agreement on copyright rules which will force tech giants, like Google and Facebook, to make “best efforts” to buy licences for.
2019-2-14 00:57 | |
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With one of the lowest corporate taxes in Europe (only 12. 5 percent compared to Britain’s 23 percent and France’s 33. 3 percent) and laxer regulations, almost every major tech company has chosen Ireland as the site for their European headquarters.
2019-2-12 14:15 | |
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This article was originally published on SEXTECHGUIDE, an independent publication that looks at the intersection between sex and technology in a non-explicit, as close to a ‘safe for work’ way as possible – including app reviews, adult VR info, sextech devices, privacy, security issues, and much more.
2019-1-26 12:00 | |
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The European Union is inching closer to enacting sweeping copyright legislation that would require platforms like Google, Facebook to pay publishers for the privilege of displaying their content to users, as well as monitoring copyright infringement by users on the sites and services they manage.
2019-1-18 09:54 | |
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Mexico and Chile are among a host of countries that may follow the European Union’s lead in playing hardball on taxes with big tech companies like Facebook, Alphabet, AirBnB, and Uber. In March, the EU proposed a “digital tax” that would affect the revenue of major digital companies like Facebook and Google.
2018-11-8 15:05 | |
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To say 2018 has been a difficult year for Facebook is an understatement. The Cambridge Analytica scandal, US senate hearings, and a massive data breach last month have all contributed to making life incredibly difficult for Zuckerberg and friends — and now the EU Parliament wants to add to their troubles.
2018-10-26 17:49 | |
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Tensions between the EU and US tech giants are increasing as the union tries to find ways to regulate international tech services in Europe. The union has repeatedly gone after big tech on competition matters and GDPR’s four percent of worldwide annual turnover fines show it doesn’t intend on giving tech giants a free pass.
2018-10-22 12:33 | |
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Brendan Eich, the CEO of Brave, has written a letter to the U. S. Senate Committee on Commerce, Science and Transportation urging them to implement GDPR-like legislation in the United States.
2018-10-4 20:51 | |
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Facebook’s data breach from last week – which impacted more than 50 million users – might cost the company a pretty penny. If the European Union’s (EU) watchdog finds that the company violated privacy laws, it could face a massive fine of $1.
2018-10-2 13:00 | |
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The new European Union Copyright Directive, passed recently by the European parliament after a vociferous campaign both for and against, has been described by its advocates as Europe striking a blow against US tech giants in the battle for control of copyrighted content online.
2018-10-2 10:45 | |
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The European Union is reportedly planning to impose stricter regulations on social media platforms including Facebook, YouTube, and Twitter over the removal of online terrorist propaganda. The Financial Times reported on Sunday that according to new draft regulations to be published next month, the EU plans to impose fines on companies if terrorist content is not deleted within an hour of posting, abandoning its earlier approach of getting internet platforms to remove such content voluntarily.
2018-8-20 07:41 | |
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“We have nothing to hide,” says Tory Reiss, VP of corporate development at TrustToken. Like the market’s most popular stablecoin, Tether, TrustToken's TrueUSD is fiat-collateralized.
2018-7-26 18:55 | |
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Most people associate high tech with Silicon Valley, Tokyo, or New York. It isn’t often that our thoughts turn to Dublin as a magnet for bleeding-edge technology. Yet with nine out of ten of the top global software companies and the likes of Google, LinkedIn, Facebook, and Twitter having their European headquarters here, the Emerald […]
2018-6-22 17:00 | |
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Neil Walsh, chief of the cybercrime and anti-money laundering arm of the United Nations' department on drugs and crime, has stated that the "anonymizing and pseudo-anonymizing" aspects of cryptocurrencies have made it extremely difficult to combat terrorist financing, money laundering, and cybercrime.
The US Securities and Exchange Commission (SEC) has settled with crypto exchange Bitqyck and its founders Bruce Bise and Sam Mendez over what the SEC believed was an unregistered token sale that raised $13 million.
Yesterday, August 28, Paige Thompson was indicted after allegedly hacking Capital One and 30 other entities. Along with being charged with wire fraud and computer fraud and abuse, court documents state Thompson used Capital One's cloud servers to mine cryptocurrency.
Federal court has entered case-ending sanctions against Craig Wright in the long-running court battle between Wright and the estate of his deceased developer partner, Dave Kleiman. Judge Bruce E.
The Central Bank of Brazil has adopted the International Monetary Fund's crypto classification guidelines, meaning traded cryptocurrencies within the country will be classified as non-financial products and, as such, will be counted as goods on the central bank’s balance sheet.
Westwood, California, resident Kunal Kalra has pleaded guilty to running an unlicensed bitcoin exchange and ATM. Kalra allegedly took part in $25 million worth of trading without obtaining a money-remitting business license or implementing any anti-money laundering processes.
Last week, six members from the US House of Representatives’ Financial Services Committee met with Swiss regulators, including the Federal Data Protection and Information Commissioner and the Financial Market Supervisory Authority, to discuss Facebook's Libra project.