EU Cracks Down on Shein: Consumer Protection Probe Underway The fast-fashion industry has been under scrutiny for its practices, and Shein, a popular online retailer known for its trendy and affordable clothing, is the latest to come under the radar of the European Union. The EU has issued a warning to Shein, giving the company […]
EU Plans 2 Euro Fee for Low-Value Parcels in Setback for Shein and Temu
EU Considers Implementing 2 Euro Fee for Low-Value Parcels, Impacting Shein and Temu The European Union is at a crossroads when it comes to the handling of low-value e-commerce packages. In a move that could have significant implications for popular platforms such as Shein and Temu, the EU is contemplating the introduction of a 2 […]
President Milei ends investigation into Libra memecoin
President Milei Ends Investigation into Libra Memecoin President Milei has recently made a bold move by putting an end to the investigation targeting alleged bribery and illicit gains linked to the failed Libra memecoin. This decision has sparked mixed reactions among the public, with some praising the move as a step towards regulatory clarity, while […]
Democrats shift stance on GENIUS Act
Democrats Shift Stance on GENIUS Act: Senate Advances Bipartisan Deal on Stablecoin Rules In a surprising turn of events, Democrats in the Senate have shifted their stance on the GENIUS Act, leading to the advancement of the bill after reaching a bipartisan deal on new stablecoin rules. This move marks a significant shift in the […]
US Senate blocks stablecoin regulation bill
US Senate Blocks Stablecoin Regulation Bill The recent setback in the US Senate regarding the GENIUS Act has left many in the fintech industry disappointed. The bill, which aimed to introduce much-needed regulations for stablecoins, failed to advance with 48 votes against it, showcasing the challenges of navigating legislative processes in the ever-changing landscape of […]
Ghana plans to regulate digital assets with new legislation
Ghana Plans to Regulate Digital Assets with New Legislation The financial landscape is rapidly evolving, with digital assets playing an increasingly significant role in the global economy. In line with this trend, Ghana is taking proactive steps to regulate digital assets within its borders. The Bank of Ghana, the country’s central bank, has announced its […]
UK and US join forces to promote responsible cryptocurrency adoption
UK and US Join Forces to Promote Responsible Cryptocurrency Adoption The collaboration between the United Kingdom and the United States in promoting responsible cryptocurrency adoption marks a significant milestone in the ever-evolving landscape of digital finance. International cooperation is deemed essential for success, with both countries recognizing the importance of setting groundbreaking regulatory standards for […]
EU fines Apple €500 million over App Store policies
EU Fines Apple €500 Million Over App Store Policies Apple faces mounting pressure in Europe as regulators crack down on its App Store practices, signaling potential shifts in how millions of users and developers interact with its ecosystem. The European Union recently levied a hefty fine of €500 million against the tech giant for antitrust […]
ING eyes Euro stablecoin as MiCA opens door for banks
ING Explores Euro Stablecoin Opportunity as MiCA Regulation Allows Banks to Issue Digital Currencies The world of banking is on the brink of a major transformation as the European Union’s Markets in Crypto-Assets (MiCA) regulation opens up new possibilities for financial institutions. Among the frontrunners in exploring these opportunities is ING, one of the largest […]
South Korean crypto insiders criticise the stablecoin regulation bill
South Korean Crypto Insiders Criticize the Stablecoin Regulation Bill South Korea’s cryptocurrency market has been a hotbed of innovation and growth in recent years, with a particular focus on stablecoins. These digital assets, pegged to stable assets like the US dollar or gold, have gained popularity due to their ability to reduce price volatility in […]