Revolut Reportedly Denies British Customers Reimbursement Requests
The media reports that Revolut refused to reimburse thousands of customers in the United Kingdom after how they were defrauded.
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History of Fintech in India
The fintech sector in India has seen significant changes over the past several decades. Starting with the initial phase of banking computerization, which began in the late 1980s and early 1990s, this foundational step set the stage for more advanced innovations in the financial industry.
French Antitrust Regulator Reportedly Targets Nvidia
The media reports that charges will be filed in France against the US developer of chips Nvidia for violating antitrust laws.
Meta Faces EU Charges Over ‘Pay or Consent’ Policy
EU regulators believe Meta may leave its users no other viable option but to allow tracking their personal data for advertising purposes with its ‘pay or consent’ policy.
Microsoft Faces Mega Fine in EU
On Tuesday, June 25, European Union officials said that Microsoft had violated the antitrust laws of this block of countries as part of its practice of bundling Teams with other popular apps of the technology giant for business.
Meta Suspendes AI Models Launch in Europe
Meta Platforms has postponed the launch of its artificial intelligence models in Europe.
US Regulators Reportedly to Open Antitrust Probes Into Nvidia, Microsoft and OpenAI
In the United States, the Federal Trade Commission (FTC) and the Department of Justice (DOJ) intend to launch an antitrust investigation against Microsoft, OpenAI and Nvidia.
ECB Reportedly to Impose Fines on Banks for Climate Failures
The media reports that the European Central Bank intends to take an unprecedented and largely sensational decision in the form of fines against several financial institutions that have been demonstrating their inability to combat the effects of climate change for a long period.
AI Companies Agree to Kill Switch Policy
At the artificial intelligence summit held last week in Seoul, companies operating in the AI industry reached an agreement on the application of the so-called kill switch policy, which provides for stopping the process of developing configurations of the advanced technology if certain risk thresholds are exceeded.
Cryptocurrency Exchange Gate.HK Faces Regulatory Pressure
Hong Kong-based cryptocurrency exchange Gate.HK has closed down due to non-compliance with local licensing requirements, which will take effect on June 1.
Worldcoin to Stop Iris-Scanning Operations in Hong Kong
Worldcoin, a digital identity scanning startup co-founded by OpenAI CEO Sam Altman, has been notified about the need to stop its operations in Hong Kong.
UK Regulators Fine Citi
In the United Kingdom, local regulators imposed a fine of 62 million pounds ($79 million) on bank Citi, which head office is located in New York.
UK Seeks to More Transparency Into AI Models
The media reports that local authorities in the United Kingdom are currently working to increase the transparency of the training process by technology companies of their artificial intelligence models.
Bipartisan Group of US Senators Unveil Plan to Control AI
The federal legislation of the United States aimed at regulating the artificial intelligence industry has become closer to the current technological reality after on Wednesday, May 15, Senate Majority Leader Chuck Schumer, along with a bipartisan trio of senators, announced work on an extensive action plan that will become a kind of concept for congressional […]
ECB Says About Need of New Rules for AI’s Use in Finance
The process of introducing and using artificial intelligence in the functional environment of financial services is currently at an early stage in terms of prevalence and does not belong to the category of generally accepted or widespread practice, but needs monitoring and possibly regulation to prevent potential harm to consumers and ensure conditions for proper […]
Is FXIFY a Scam? Addressing Your Concerns
Online trading and the feeling of skepticism are often close at hand. This is especially true when it comes to prop firms like FXIFY and the wide range of options available. It is natural for you as a trader to be cautious and inquire about the legitimacy of their chosen platform. In the case of […]
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