FTC Returns $1.1 Million to Consumers After Free Trial Settlement
The US Federal Trade Commission (FTC) is returning $1.1 million to consumers who were misled by deceptive offers of the so-called free trial of products.
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US Regulators Say AI-Powered Decisions Must Follow Law
In the United States, four federal agencies in a joint statement, which was published on Tuesday, April 25, confirmed their commitment to the idea that all decisions made for companies by artificial intelligence should not contradict the norms of current legislation to one degree or another.
French Regulator Offers Crypto Companies Fast Track to MiCA
As European countries are searching for the best ways to transit to a new EU crypto regime called MiCA, French Financial Markets Authority offers a fast-track registration for the incumbents
UK Wants New Regulator to Tackle Big Tech
In the UK, a new regulator will appear in the foreseeable future, whose activity will be to supervise technology giants, including Amazon and Google.
Google Asks Court to Dismiss Multiple Claims in Epic Games Antitrust Trial
Google is looking for ways to quickly resolve antitrust litigation with the manufacturer of Fortnite Epic Games, Match Group, and the Attorney General of California.
EU Parliament Votes for New Crypto Rules
The European Parliament has voted to approve the rules for licensing cryptocurrencies in the crypto assets market (MiCA) as binding.
Hong Kong Considers Cryptocurrencies as Property
The recent ruling of a Hong Kong court suggested that cryptocurrencies have property attributes, giving local insolvency practitioners greater clarity in terms of digital assets
Coinbase Receives Bermuda License: Offshore Exchange Soon to Come
Legal permission to operate in Bermuda gives Coinbase a chance to start its offshore activities as soon as next week
Elon Musk Says to Make AI Safe Requires New Model and Regulations
Elon Musk strives not only for a new model of generative artificial intelligence but also for the creation of a system of government regulation of this sphere.
Federal Reserve Governor Says CBDC Risks Likely Greater Than Benefits
The head of the Federal Reserve System, Michel W. Bowman, said that the advantages of the central bank’s digital currency (CBDC) are more likely to exceed the risks associated with its use.
Nine More US States Join Lawsuit Against Google
Nine more states have joined the US Department of Justice’s lawsuit against Alphabet (GOOGL.O) Google.
UK Regulators Deliver Roadmap for Future of Open Banking
In the UK, local financial regulators have unveiled plans for the future development of open banking.
First Islamic Bank Goes Live on UAE KYC Blockchain Platform
Abu Dhabi Islamic Bank (ADIB) has gone live on the UAE national blockchain ecosystem for the exchange of verified KYC data
UK FinTechs Seek Government Support After SVB Collapse
In the UK, local startups that operate in the field of fintech express concern that the country is losing its position in the global financial system.
Yellen Warns Banks Could Pull Back on Lending
The US Treasury Secretary reported on the high probability of a change in the approach of local financial institutions to lending in the direction of tightening.
JPMorgan Asks for Permission to Question Frank Founder About Transfers
JPMorgan Chase wants to interrogate Frank founder Charlie Javis as part of the proceedings on the transfers of millions of dollars.
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