Binance users in India can now access the exchange’s website after being blocked in December 2023. The crypto exchange, touted as the largest in the world, has finally completed its registration with India’s Financial Intelligence Unit (FIU) and has also cleared the penalty of $2.25 million (roughly Rs. 18.8 crore) that was levied on it … Read more
Apple is set to be fined by the European Union’s antitrust regulators under the bloc’s landmark rules aimed at reining in the power of Big Tech, making it the first company to be sanctioned, sources with direct knowledge of the matter said on Tuesday. The regulators charged in June that the iPhone maker had breached … Read more
Microsoft will unbundle its chat and video app Teams from its Office product and make it easier for rival products to work with its software, the US company said on Thursday in a move aimed at staving off a possible EU antitrust fine. The proposed changes came a month after the European Commission launched an … Read more
Apple took a challenge against EU regulators to Europe’s second highest court on Monday after they fined it EUR 500 million ($587 million or roughly Rs. 5,032 crore) earlier this year for breaching landmark rules aimed at curbing the power of Big Tech. The European Commission in a decision in April said the iPhone maker’s … Read more
The Financial Intelligence Unit of India (FIU-IND) has reasons to believe that the ByBit crypto exchange was in violations of the Prevention of Money Laundering Act. In a fresh development, the FIU has levied a penalty of Rs. 9.27 crore on ByBit for continuing to operate in India without bringing its operations in compliance with … Read more
Apple is facing a likely antitrust fine as the French regulator prepares to rule next month on the company’s privacy control tool, two people with direct knowledge of the matter said. Called App Tracking Transparency (ATT), the feature allows iPhone users to decide which apps can track user activity, helping companies like Meta Platforms’ Facebook … Read more
Apple is set to stave off a possible fine and an EU order over its browser options on iPhones after it made changes to comply with landmark EU rules aimed at reining in Big Tech, people with direct knowledge of the matter said on Tuesday. The European Commission, which launched an investigation in March last … Read more
Apple was hit with a EUR 150 million ($162.4 million or roughly Rs. 1,389 crore) fine by French antitrust regulators on Monday for abusing its dominant position in mobile app advertising on its devices via a privacy control tool. The fine – the first by any antitrust regulator over Apple’s App Tracking Transparency tool – … Read more
Microsoft has offered to widen the price differential between its Office product sold with its chat and video app Teams and its software sold without the app in a bid to avert a possible EU antitrust fine, according to three sources. The move by the US tech giant comes five years after Salesforce-owned Slack complained … Read more