Apple Offers Rivals Access to Mobile Payment Tech
Apple has offered to provide competitors with the opportunity to access its contactless payment transaction technology and interact with this development.
Regulation - page 2
Morgan Stanley to Pay $249.4 Million to Settle Block Trading Probe
Morgan Stanley has agreed to pay $249.4 million in financial liability for making false statements about block trading practices.
Hong Kong Proposes New Regulatory Regime for Stablecoin Issuers
In Hong Kong, local financial authorities have proposed to develop and implement new regulatory rules for issuers of stablecoins, which can be described as a reaction to ongoing changes in the sphere of virtual assets.
National Bank of Cambodia Partners IFC to Boost Green Finance
Cambodia’s transition towards a green economy requires a financing boost, with the National Bank of Cambodia and IFC joining efforts to support climate-friendly projects.
EU Digital Chief Says About Impact of AI Act on Innovation
The European Union’s (EU) competition and digital chief, Margrethe Vestager, supported the AI Act.
Apple to Resume Sale of Watches
Apple may resume selling its smartwatches, despite the import ban.
French Prosecutor’s Office Investigates BNP Paribas
In France, the prosecutor’s office is currently investigating alleged aggravated money laundering related to financial transfers made by a Cypriot brokerage company that interacted with the custodial unit BNP Paribas.
Swiss Finance Minister Says About Need for New Rules After Credit Suisse Crisis
Swiss Finance Minister Karin Keller-Sutter said that the purchase of Credit Suisse by the UBS Group was a less risky step, noting the need for the government of this country to take measures capable of providing a high level of protection to taxpayers in the event of a crisis in the banking sector.
South Korea Fines Global Banks for Illegal Naked Short Selling
South Korea has decided to impose a total fine of 26.5 billion won ($20.4 million) on two global investment banks and a local unit of an international company for involvement in naked short selling.
UK Supreme Court Says About Impossibility of Call AI as Inventor
The Supreme Court of the United Kingdom ruled that, from a legal point of view, it is not possible to designate artificial intelligence as an inventor to ensure patent rights.
Google Users to Share $630 Million in Play Store Settlement
Google has agreed to pay $700 million and allow competition in its Play app virtual store.
China Reportedly Wides Its Ban on Use of iPhone
Media reports that in China, the number of state organizations and companies supported by the country’s government is gradually increasing, which prohibits their employees from using iPhone smartphones developed by the American technology giant Apple in the workplace.
What European Sustainability Reporting Standards (ESRS) Mean for Fintech
The adoption of the first set of European Sustainability Reporting Standards (ESRS) became official in the European Union on October 21, 2023. What changes do the new standards bring for businesses, particularly those operating in the fintech industry?
Gina Raimondo Comments Designing by Nvidia AI Chips for China
Commerce Secretary Gina Raimondo said that the United States is currently looking into the characteristics of three new artificial intelligence accelerators that Nvidia is developing for the Chinese market.
UK Regulator to Review Microsoft and OpenAI Partnership
The British competition watchdog has formed the basis for launching an investigation into the partnership between Microsoft and OpenAI, which created the world’s most popular artificial intelligence-based chatbot called ChatGPT.
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