A Texas cryptocurrency company and an industry group sued the U.S. Securities and Exchange Commission on Wednesday, saying the regulator has overstepped its authority and asking a judge to rule that digital assets traded on exchanges are not securities. Fort Worth-based crypto company Lejilex and lobbying group Crypto Freedom Alliance…
India’s banking regulator doesn’t intend to impose drastic measures on the country’s fintech sector, a senior official said, weeks after it stunned investors by abruptly suspending much of the operations of Paytm Payments Bank, founded by high-flying billionaire Vijay Shekhar Sharma. There are “no harsher measures coming on fintech,” P….
India’s Paytm Payments Bank has been given more time by the central bank to wind down its operations, while its parent company has signed on a new banking partner to try to keep some of its popular products running and survive its current crisis. The Reserve Bank of India (RBI)…
Facebook parent Meta will allow users in the European Union, European Economic Area, and Switzerland to prevent information from being shared across the company’s apps. As a result, people who live in these regions will be able to use Instagram and Facebook separately, even if they are connected on the…
Over-the-top (OTT) apps or services will not be under the ambit of the newly passed Telecommunications Bill 2023, telecom minister Ashwini Vaishnaw told ET Telecom. The minister’s statement comes days after Parliament passed the new telecom bill that replaces three older laws, including the including the 138-year-old Indian Telegraph Act. Provisions…
The firm’s largest-ever recall comes after a two-year investigation by federal safety regulator focused on autopilot function. Tesla is recalling more than two million cars in the United States, nearly all of its vehicles sold there, after a federal regulator said defects with the autopilot system pose a safety hazard….
In order to protect consumers’ interest, the government has banned use of “dark patterns” on e-commerce platforms which intend to deceive customers or manipulate their choices. A gazette notification in this regard as “Guidelines for prevention and regulation of dark patterns” was issued on November 30 by the Central Consumer…
Apple expects it will be compelled to make changes to its App Store policies, as the firm must comply with the European Union’s new Digital Markets Act (DMA). The iPhone maker’s recent filing with the US Securities and Exchange Commission (SEC) shows the company expects to make policy changes related to applications…
Coinbase, one of the world’s largest crypto exchanges, has sued the US Securities and Exchange Commission (SEC) to clarify rules surrounding the growth of crypto businesses in the US. The crypto exchange has asked a US court to compel the SEC to provide detailed information to allow crypto companies to…
A US judge in California on Monday allowed litigation against Alphabet’s Google to proceed as a consumer class action of 21 million individuals who accuse the company of violating US anti-competition laws in how it runs its Google Play app store. US District Judge James Donato said in a 27-page order that…
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