Apple’s proposed changes to its App Store policies governing developers in the European Union might receive approval from antitrust regulators soon. According to a recent report, EU regulators are likely to accept the iPhone maker’s modified policies in the near future, which would help Apple avoid daily fines of 5 percent of its average daily … Read more
The European Union (EU) is adding more layers to its crypto-related regulations to ensure that virtual digital assets (VDAs) are not misused by criminals to conduct or finance illicit activities. The European Banking Authority (EBA) has imposed a ‘travel rule’ on crypto firms that will require them to store details of transactions on their platforms, … Read more
The Internal Revenue Service (IRS) will no longer require certain crypto platforms to report transaction data under President Donald Trump’s administration. In a major policy reversal, Trump has signed an executive order nullifying a rule that would have compelled decentralised exchanges to report their customers’ total digital asset sales to the IRS. Officially titled “Gross … Read more
China’s JD.com and Ant Group are pressing the central bank to permit yuan-based stablecoins to counter the rise of U.S. dollar-linked digital currencies, Reuters reported on Friday. They propose launching stablecoins in Hong Kong backed by the offshore yuan, aiming to boost the Chinese currency’s global role. Both firms already plan to issue Hong Kong … Read more