regulation - page 11

News

Amazon Offers Up Marketplace Rule Change to Solve UK Antitrust Issues

Amazon agreed to the proposal to change the mechanism for processing information about competitors’ sales and introduce the practice of equal interaction with all sellers operating on the virtual platform of the e-commerce giant in the UK.

News

Federal Reserve Fines UBS

The Federal Reserve System last Monday, July 24, announced the application of sanctions in the form of fines against UBS due to the practice of committing misconduct by Credit Suisse in risk management of Archegos Capital Management, an investment fund that declared bankruptcy in 2021.

Finance & Economics

Italian Antitrust Watchdog Cancels Payment Fees for Small Retail Transactions

In Italy, the antimonopoly regulator has decided to approve a deal that will eliminate commission fees for payments and simplify the penalty mode regarding financial operations with small cards.

News

Apple Considers Removing Messaging Services from UK

The media reports that Apple has taken a position of radical rejection of updates to the Investigatory Powers Act, which was proposed by the British government.

Science & Technology

OpenAI Supports Requiring Licenses for Advanced AI Systems

The memorandum on internal policy prepared by OpenAI indicates that this company supports the idea of mandatory licensing of the activities of firms that intend to develop advanced artificial intelligence systems.

News

Spain Antitrust Watchdog Fines Amazon and Apple

In Spain, the local antitrust regulator fined Amazon and Apple.

Fintech & Ecommerce

SEC Chair Says About Developing Rules for AI Use

The U.S. Securities and Exchange Commission (SEC) plans to use its current powers to carry out activities to regulate the use of artificial intelligence-based tools.

Fintech & Ecommerce

CFPB and European Commission Start Discussion About Digitization of Finance

Didier Reynders, Commissioner of the European Commission for Justice and Consumer Protection, and Rohit Chopra, Director of the U.S. Consumer Financial Protection Bureau (CFPB), on Monday, July 17, announced the beginning of a dialogue on some issues related to the digitalization of the financial industry.

Blockchain & Crypto

Ripple CEO Says XRP Ruling Helps Company to Grow

Ripple CEO Brad Garlinghouse announced the positive consequences of the court’s decision, which concerns the token of this company.

Science & Technology

China Publishes Final Version of Rules for Use of Generative AI

The Chinese authorities have published a list of operating principles for generative artificial intelligence services.

Articles

Everything You Need to Know About a K-1 Form

If you have a business partnership or corporation, you’ll likely need to file a K-1 Form for tax purposes. But you might not be familiar with how it works and how to file it.

News

Binance Faces Executive Exodus as DOJ Investigation Looms

The media reported that several Binance executives decided to resign due to concerns related to a possible investigation by the US Department of Justice.

News

NYC Cracks Down on AI Use in Hiring Decisions

New York became the first US city to introduce regulation of the possibilities of using artificial intelligence when hiring.

News

Federal Judge Blocks Biden Administration Officials From Communicating With Social Media Companies

A federal judge on Tuesday, July 4, announced the establishment of a ban on the interaction of some agencies of the Joe Biden administration and senior officials with companies that own social networks.

Science & Technology

US to Curb China Access to Cloud Services

The United States is currently preparing to impose restrictions on access to cloud computing services against Chinese companies.

News

Apple Reportedly Aims to Take Epic Games Case to Supreme Court

The media reported on Apple’s intention to transfer its lawsuit with Epic Games to the US Supreme Court.