Britain’s finance ministry plans “robust” regulations for crypto assets, following the collapse of crypto exchange FTX last year, which left millions of people nursing billions of dollars in losses. Crypto is currently unregulated globally, with firms only having to carry out checks to prevent money laundering. However, Britain’s Financial Conduct Authority (FCA) has said that […]
regulations
A lot has happened in telecoms in 2022 — mergers, regulatory changes and emerging technology. But while service providers (SPs) navigate the changes that 2022 has seen, there’s also the changes of 2023 to anticipate. Here, Hamish White, CEO of telecoms software developer Mobilise, shares his predictions on the technology SPs should look to adopt […]
The ecosystem is still growing, and innovation is flourishing, and a every telco business solution is playing a major role in this flourish. Once more, as the wireless sector begins the 5G growth cycle, we are on the verge of tremendous change, as we witness several other factors that are also shaping the environment. To […]
China’s top internet watchdog said on Friday tech giants such as Tencent Holdings and Alibaba Group have submitted details of algorithms used in some of their products, complying with a drive by authorities to tighten oversight of platform algorithms. The rules are part of a broad regulatory crackdown by Beijing against its once free-wheeling technology […]
Chinese President Xi Jinping is seeking to further tighten the grip on the country’s digital economy, demanding altered regulations and governance over the industry. The President expressed his vision of China’s digital economy, referring to its growth as “unhealthy” development, with a goal of reinforcing China’s economic growth through technological development. China should “cultivate a […]
A coalition of states attorneys general launched Thursday an investigation into Instagram’s ways of attracting and affecting the younger generation, especially younger girls, in their latest attempt to harshen regulatory scrutiny on Meta Platforms Inc, according to The Wall Street Journal. The examination into the social networking platform led by eight states, with Massachusetts and Nebraska […]
U.S. Congress leaders revealed on Wednesday that lawmakers are working on a draft to discuss a definitive settlement on a bill to elevate semiconductor manufacturing and U.S. technology rivalry with China. The Senate and the House of Representatives leaders declared their latest tactic to heighten the country’s technological empowerment margin. Democratic New York Senator and […]
With the exponentially mounting tension between the U.S. and China, and each powerhouse launching its own Big Tech regulation crusade against homegrown giants, the U.S., and Europe have finally concluded how to target legion’s ever-growing supremacy. Both continental forces have finally taken their final stance regarding American tech chiefs, with the European Union (EU) having […]
President Joe Biden signed on Monday a $1 trillion infrastructure bill to reconstruct the country’s foundation from roads, electricity and expanding access to broadband internet. The President’s latest legislation will be the heftiest federal funding for infrastructural framework in more than a decade. The program incorporates a $65 million funding to enhance broadband accessibility to […]
Amidst Beijing’s latest regulatory wave to impose dominion on its tech sector, China’s Big Tech shares drastically dropped on Monday as the country’s watchdogs intend to break down Ant Group Co.’s Alipay, at a speed the U.S. and the European Union cannot fathom or dare to indulge in. Following a Financial Times report stating that Beijing is […]