Microsoft could face a roadblock in its attempt to take over game maker Activision Blizzard due to a UK regulator, according to a new report. The UK’s Competition and Markets Authority (CMA) has reportedly expressed concerns that the the Redmond company’s $69 billion (roughly Rs. 5,49,900 crore) deal to acquire the firm could negatively affect … Read more
Companies looking to issue stablecoins should rein in their enthusiasm, especially when their main business is unrelated to digital assets, Hong Kong Monetary Authority (HKMA) CEO Eddie Yue, wrote in a blog post on the central bank's website. Some companies that don't have a business that is related to stablecoins — tokens whose value is … Read more
An Australian regulator, after using new powers to make the tech giants share information about their methods, accused Apple and Microsoft not doing enough to stop child exploitation content on their platforms. The e-Safety Commissioner, an office set up to protect internet users, said that after sending legal demands for information to some of the … Read more
Britain will block Microsoft’s $69 billion (roughly Rs.5,64,000 crore) acquisition of Call of Duty maker Activision Blizzard over its concerns it would hinder competition in cloud gaming, dealing an unexpected blow to the biggest-ever deal in gaming. The country’s antitrust regulator said on Wednesday that Microsoft’s commitment to offer access to Activision’s multi-billion dollar Call of … Read more
The ChatGPT chatbot was reactivated in Italy after its maker OpenAI addressed issues raised by Italy’s data protection authority, the agency and the company confirmed on Friday. Microsoft-backed OpenAI took ChatGPT offline in Italy last month after the country’s data protection authority, also known as Garante, temporarily banned the chatbot and launched a probe over … Read more
Scammers targeting the crypto sector are getting more creative, as adoption continues to increase. Regulators from the US have issued a warning against an emerging category of crypto scams targeted at crypto investors, where scammers pose as professors or academicians. Social networking platforms including Facebook, WhatsApp, and Telegram are being exploited by cyber miscreants to … Read more
Japan’s Financial Services Agency (FSA) aims to promote treating cryptocurrencies akin to traditional assets such as stocks and gold. As part of this effort, the FSA has reduced tax rates on income generated from crypto activities. Corporate crypto holders will face slightly higher rates, while small-scale individual investors will benefit from comparatively lower taxes. The … Read more
Crypto.com filed a lawsuit against the US Securities and Exchange Commission on Tuesday, alleging that the federal agency is overstepping its jurisdiction by regulating the cryptocurrency industry. The crypto trading platform said its move follows the receipt of a “Wells notice” from the top US markets regulator on the grounds that tokens traded on its … Read more
Malta’s cryptocurrency licensing process has come under scrutiny from the European Securities and Markets Authority (ESMA), Europe’s primary supervisory body overseeing the Markets in Crypto-Assets Regulation (MiCA). The ESMA on Thursday released a review of the authorization process of crypto asset service providers (CASPs) by Malta’s Financial Services Authority (MFSA), highlighting several shortfalls and proposing … Read more
Malta’s cryptocurrency licensing process has come under scrutiny from the European Securities and Markets Authority (ESMA), Europe’s primary supervisory body overseeing the Markets in Crypto-Assets Regulation (MiCA). The ESMA on Thursday released a review of the authorization process of crypto asset service providers (CASPs) by Malta’s Financial Services Authority (MFSA), highlighting several shortfalls and proposing … Read more