Michael McCaul, chair of the House Foreign Affairs Committee, urged US Commerce Department agents to visit the production sites of China’s Semiconductor Manufacturing International Corporation (SMIC) and check whether this company is involved in making chips for Huawei Technologies.
South Korea has ordered Meta Platforms to pay a fine of 21.62 billion won ($15.67 million).
The Hong Kong government has unveiled its first guidelines on the practice of responsible use of artificial intelligence and embraced blockchain, as local regulators seek to stay ahead of the pace of the technological revolution, which is likely to disrupt financial services.
The United States Federal Trade Commission on Wednesday, October 9, said it would require Marriott International and its subsidiary Starwood Hotels & Resorts Worldwide to implement an information security program to settle charges related to multiple data breaches recorded between 2014 and 2020.
A new appeals body Appeals Centre Europe has been established to review policy violation complaints related to major social media platforms such as Facebook, TikTok, and YouTube.
On Monday, October 7, a US judge ordered Google to overhaul its mobile app business to provide users of devices powered by the Android operating system with more options to download the mentioned digital products and pay for transactions within them.
Currently, in the United Kingdom, there is an increase in tension between banks and technology companies specializing in the implementation of activities in the social media area, in the context of the question of which party should be responsible for paying compensation to people who have become victims of fraudulent crimes in the Internet space.
The US state of Texas has sued TikTok, accusing this virtual platform of involvement in the practice of violating the system of norms on ensuring the privacy of children in the digital environment.
In the United Kingdom, the financial regulator fined local digital lender Starling Bank for 29 million pounds ($38.5 million).
Changpeng Zhao (CZ), the former CEO of Binance, is out of prison and vows to increase his investment in technology sectors such as blockchain, artificial intelligence, and biotechnology.
Critics from the government watchdog argue that the Visa-Mastercard duopoly burdens businesses and customers with high fees.
Navigating the legal landscape in the fintech industry can be complex, given the rapid pace of technological advancements and the stringent regulations designed to protect consumers and ensure fair market practices. For businesses operating in this dynamic sector, understanding and adhering to the myriad of legal requirements is crucial for success and sustainability. This article […]
The Securities and Exchange Commission (SEC) has asked a federal judge to sanction Elon Musk if the billionaire continues to violate a court order to testify about his acquisition of the social media platform Twitter, currently named X, in 2022.
The European second-top court on Wednesday, September 18, basically confirmed the EU antitrust fine against the US chip manufacturer Qualcomm.
The Competition Commission of India (CCI) has conducted antitrust investigations, concluding that Amazon and Walmart’s Flipkart repeatedly violated local antitrust laws, while Samsung and Xiaomi colluded with them.
After a lengthy pause caused by regulatory hurdles, Meta will begin training its AI models using public content shared by adult UK citizens on Facebook and Instagram.
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