Google Fined $12.4 Million in Indonesia Over Billing System Dispute Google, the tech giant known for its dominant presence in the digital realm, has recently found itself in hot water in Indonesia. The company has been ordered to pay a hefty fine of $12.4 million due to allegations of abusing payment system practices in the […]
Investment plan may resolve Indonesia-Apple dispute
Investment Plan May Resolve Indonesia-Apple Dispute Indonesia is on the brink of reaching a pivotal agreement with tech giant Apple that could potentially put an end to the ban on the iPhone 6 in the country. This development comes after a prolonged period of negotiations and tensions between the Indonesian government and Apple over compliance […]
Wise Implements Anti-Money Laundering Controls After Regulatory Review
In a landmark decision, Wise, a global leader in fintech, has instituted rigorous anti-money laundering (AML) controls following a stringent review by the Belgian National Bank. This regulatory oversight highlighted significant deficiencies in Wise’s customer verification processes, particularly regarding proof of address. The implications of this review extend beyond compliance; they signal a crucial pivot […]
Irish Authorities Struggle to Access $380 Million in Bitcoin Seized from Drug Dealer
In 2019, the Irish Criminal Assets Bureau seized approximately $380 million worth of Bitcoin from Clifton Collins, a convicted drug dealer. Collins acquired this substantial sum through his cannabis operations. However, the authorities are currently facing an insurmountable obstacle: the access codes to the Bitcoin wallets are lost. These codes, crucial for accessing the digital […]
UK User Data Pulled from LinkedIn's AI Development
LinkedIn, the renowned social networking platform owned by Microsoft, has recently put a halt on utilizing user data from the UK in its artificial intelligence training processes. This pause is a direct response to increasing scrutiny from the UK’s Information Commissioner’s Office (ICO) and highlights the rapidly tightening regulatory landscape surrounding personal data usage in […]
Securitize's Cross-Chain Upgrade: A Game Changer in Tokenization
On September 20, 2024, Securitize, a prominent tokenization platform backed by BlackRock, announced a significant collaboration with the Wormhole Foundation. This partnership aims to enhance the cross-chain capabilities of tokenized assets, a development that could reshape the landscape of both traditional and decentralised finance. Central to this agreement is the customization of Wormhole’s messaging protocol […]