The EU Probes Porn Sites Over DSA Violations Brussels is intensifying its focus on the regulation of adult websites within the European Union, particularly regarding their compliance with the Digital Services Act (DSA). The European Commission has launched investigations into various pornographic platforms to assess their measures for safeguarding young users across the continent. This […]
Europe cracks down on Shein for misleading consumers
Europe Cracks Down on Shein for Misleading Consumers The fashion industry has always been a whirlwind of trends and styles, with online retailers like Shein leading the pack in providing fast fashion to the masses. However, recent developments have put Shein in hot water as European Union consumer watchdogs have cited the popular online retailer […]
AI regulation fight heats up over US federal moratorium
AI Regulation Fight Heats Up Over US Federal Moratorium The debate over the regulation of Artificial Intelligence (AI) technologies has reached a boiling point in the United States, with a federal moratorium sparking controversy and concerns over potential consequences. At the heart of the issue is the ambiguity present in the AI bill, which experts […]
Tether plans US stablecoin to comply with local rules
Tether Plans US Stablecoin to Comply with Local Rules Tether, the popular cryptocurrency stablecoin issuer, has recently announced its plans to launch a US dollar-pegged stablecoin. This strategic move comes as part of Tether’s efforts to comply with local regulations and ensure its long-term sustainability in the ever-changing cryptocurrency landscape. USDT, Tether’s existing stablecoin, has […]
Crypto.com gains EU approval for crypto derivatives
Crypto.com Secures EU Approval for Crypto Derivatives In a significant move for the cryptocurrency industry, Crypto.com has successfully acquired Cyprus-based A.N. Allnew Investments to gain regulatory approval for offering crypto derivatives within the European Union. This strategic acquisition not only marks a milestone for Crypto.com but also opens up new avenues for the company to […]
ENISA unveils cyber stress testing handbook to strengthen critical infrastructure resilience under NIS2
ENISA Releases Cyber Stress Testing Handbook to Enhance Critical Infrastructure Resilience under NIS2 The European Union Agency for Cybersecurity, ENISA, has taken a significant step in fortifying the cybersecurity and resilience of critical infrastructure by launching a comprehensive handbook on cyber stress testing. This initiative aims to assist national and sectoral authorities in evaluating the […]
New crypto rules may ban Tether trading in Russia
New Crypto Regulations in Russia May Prohibit Tether Trading Recently, the world of cryptocurrency has been shaken by the news of potential regulations in Russia that could lead to a ban on trading Tether, one of the most popular stablecoins in the market. The proposed rules suggest that only stablecoins not linked to “hostile issuers” […]
Hong Kong breaks up cross-border crypto laundering ring
Hong Kong Cracks Down on Cross-Border Crypto Laundering Scheme In a recent development, authorities in Hong Kong have uncovered and dismantled a sophisticated cross-border cryptocurrency laundering ring. The operation involved the use of fraudulent bank accounts to convert scam proceeds into digital currencies, highlighting the growing challenges faced by regulators in combating financial crimes in […]
UK to enforce strict crypto transaction reporting
UK to Impose Heavy Fines on Companies for Inaccurate Crypto Transaction Reporting The United Kingdom is taking a bold step in the regulation of cryptocurrency transactions by announcing strict penalties for companies that fail to report or submit accurate data. Under the new regulations, companies will face fines of up to £300 per user for […]
Kick faces investigation after ignoring Ofcom risk assessment request
Kick Faces Investigation After Ignoring Ofcom Risk Assessment Request Popular social media platform Kick is currently under scrutiny as the regulatory body Ofcom investigates whether the company has appropriately conducted risk assessments for illegal content. This investigation comes after Kick failed to respond to a request from Ofcom for information regarding their risk assessment processes. […]