SEC Fines JPMorgan for $4 Million for Deleting 47 Million Emails
The U.S. Securities and Exchange Commission (SEC) fined JPMorgan Chase $4 million.
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Singapore Fines Firms Over Wirecard Payments Scandal
In Singapore, the local financial regulator has decided to impose a penalty in the form of a fine against four companies that are involved in the scandal related to the Wirecard payment firm.
Australia Threatens to Fine Twitter
The Australian cybersecurity regulator turned to Twitter, the current owner of which is billionaire Elon Musk, with a request to provide an explanation of the concept of this digital platform to combat the spread of materials that promote hate speech in the virtual space.
FTC Sues Amazon
The US Federal Trade Commission (FTC) on Wednesday, June 21, sued Amazon, accusing the e-commerce giant of using a deception technique to force millions of consumers to subscribe to the Prime service.
FTC Says Online Marketplaces Need to Police Fake Goods
The Federal Trade Commission (FTC) recalled that online trading platforms must fulfill the obligation to identify counterfeit goods.
OpenAI Reportedly Lobbies for Amendments to EU’s AI Act
The media reports that OpenAI has successfully lobbied for changes to the legislation of the European Union on artificial intelligence.
Consumer Group Calls On EU to Investigate Risks of Generative AI
On Tuesday, June 20, the EU’s largest consumer group, BEUC, appealed to regulators to immediately begin investigating the potential risks of generative artificial intelligence.
BofA Says Crypto Sentiment Remains Poor
The value of tokens continues to be in the zone of the negative impact of the consequences of recent measures that were introduced by regulators in relation to the sphere of cryptocurrencies.
Nevada Introduces Regulatory Standards for Wage Access
Joe Lombardo, the 31st governor of Nevada, signed the first law in the United States to introduce regulatory standards for companies that offer access to wages (EWA).
Binance Exits Netherlands
Binance Holdings announced that it had decided to leave the Netherlands after unsuccessful attempts to pass the registration procedure with the financial authorities of this country.
Amazon’s $1.7 Billion iRobot Deal Gets UK Clearance
Amazon has received permission from the UK Antitrust Agency to implement a deal with iRobot, a company that manufactures robot vacuum cleaners.
Twitter Faces $250 Million Lawsuit by Major Music Publishers
A coalition of music publishers, which includes Universal Music Corp., BMG, Warner Chapell, and Sony Music Publishing, is suing Twitter over claims against the social network over copyright violations.
Google and OpenAI Disagree on Government Oversight of AI
Google and OpenAI, which are currently the main players in the fast-growing field of generative artificial intelligence, hold different positions on what form and scale should have the system of regulating the process of development and dissemination of technology that has the potential to literally change the world.
FTC Files to Block Microsoft From Closing Activision Deal
The Federal Trade Commission on Monday, June 12, filed a lawsuit against Microsoft in the federal court of California to block the acquisition of Activision Blizzard by the technology giant.
Hong Kong Eyes Stablecoin Regulatory Regime by 2024
While the Western world is discussing the regulation of stablecoins, Hong Kong is taking concrete measures to create a regulatory framework for the process of using cryptocurrency, which is tied to traditional financial assets.
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