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Tag: regulation

Google, Facebook, and Amazon own 80-90% of the digital ads market, report states

Google and Facebook’s parent companies Alphabet and Meta, along with Amazon, now nearly entirely dominate the global digital ad market outside China. Over the past five years, the three giants doubled their share of revenues.
The digital ad market – whose complex mechanics are by and large opaque and poorly regulated, represents the bread and butter of these corporations’ financial might, and has had “a good pandemic,” as media investment company GroupM’s new report reveals.
GroupM’s report that came out on Monday estimates that Google, Facebook, and Amazon have between…

Russian Senate, Gov’t Ministries & Central Bank to Create Crypto ‘Working Group’

Source: Adobe/3dmitry The Russian parliament’s upper house, the Federation Council (the equivalent to the American Senate), is stepping up its crypto regulatory efforts – and wants to get involved in the creation of new laws pertaining to the sector.As reported, last month members of the council hinted that crypto would not be frozen out of the Russian economy, and claimed that crypto may “have a future” in the country, adding that the upper house “studies [crypto], and collects analytics” on tokens. But the…

‘UK Vaccine Passports: Temperatures Are Rising (Fast) – [Perspective:]’

Vaccine passports and new work-from-home guidance are set to be announced today at 17:30PM as the Government speeds up plans for tougher measures to counter the Omicron variant.
A Cabinet meeting is due to take place this afternoon to discuss the measures, with a press conference and Parliament statement announcing the move scheduled for later today. The regulations enforcing the changes, which would apply in England and are expected to be tabled in Parliament on Thursday, most likely with a vote.
The most important…

6 Crypto CEOs Testify About Threshold Issues, Bitcoin Mining, and More

Source: Adobe/Daniel US lawmakers should take steps to bring crypto-related activities into the regulated financial system, while also developing a “national policy for a decentralized Web 3” as they did for Web 1 in the 1990s, Brian Brooks, CEO of Bitcoin (BTC) mining firm Bitfury, wrote in a testimony ahead of a hearing at the House Financial Services Committee today.He’s one of the six executives that testified at the Digital Assets and the Future of Finance: Understanding the Challenges and Benefits of Financial…

Choose Blockchain-Based eSignatures to Secure your Healthcare Workflows

Why Blockchain is the Best Technology for e-Signatures in HealthcareImplementing the right e-signature solution can streamline your healthcare workflows and save your staff enormous time and frustration from having to manually gather patient signatures and securely store those documents.But you also need to find out whether an e-signature provider’s security protocols are sufficient to satisfy the privacy requirements of healthcare regulators. After all, those electronic signatures will in most cases be attached to documents containing highly personal, sensitive information about your…

Red flags as crypto goes mainstream

Pal is a crypto pioneer and familiar with all its somewhat confusing features, including the ability of promoters to create assets out of just about anything, and for an individual’s financial prosperity to be created and be held in a metaverse.All the surveys show Australians under the age of 40 are wholeheartedly embracing the smorgasbord of highly speculative crypto investment despite regulations being virtually non-existent.Painful reminderRegulators and investors were reminded of the risks in crypto investing this week when digital exchange MyCryptoWallet went bust without…

Common blood pressure drug recalled over cancer-causing chemical fears

Published on December 7, 2021Written by thesun.co.uk

BATCHES of a common blood pressure drug have been recalled due to a potentially dangerous chemical substance being present in the pill.

A total of 44 batches of Irbesartan are being pulled back from pharmacies and wholesalers as a precautionary measure, the Medicines and Healthcare products Regulatory Agency (MHRA) has said.
Irbesartan is used to treat high blood pressure, in turn preventing heart attacks and strokes.
These drugs are also used in patients who have recently had a heart attack or are living with heart failure.
Experts…

Republican congressman calls out Biden for ‘egregious abuses of power’

Tue Dec 7, 2021 – 8:32 pm EST

WASHINGTON, D.C. (LifeSiteNews) — A Republican Congressman used a hearing on December 1 to bring attention to the “egregious abuses of power” undertaken by the Biden White House.
U.S. Rep. Dan Bishop of North Carolina raised concerns during a U.S. House Judiciary Committee hearing on the Administrative Procedure Act (APA), the law that lays out how regulations should be promulgated.

“There’s this multi-layered potentially undermining of the constitutional structure embedded in the APA,” Bishop said during the hearing last…

Asia’s Richest Man is Bullish on Blockchain

His comments come as India prepares to introduce a new bill in parliament to regulate the crypto sector.
Blockchain and DeFi, or decentralized fiance, will level the playing field in finance, Indian billionaire businessman Mukesh Ambani said at the Infinity Forum this week.
«Today it still is a world where large companies get easier finance and small companies don’t get easier finance, and the same thing with people, and I think that will change,» Ambani said.
«Great Democratizer»
The chairman of Reliance Indistries, a conglomerate that includes energy, petrochemicals, natural gas,…

‘Private crypto’ and private vs public blockchains explained in simple terms

(For beginners, it may help to read our explainer articles on Blockchain and Cryptocurrency before attempting to learn about public vs private blockchains and public vs private crypto).In India, with the Central Government looking to define and regulate cryptocurrencies, a Cabinet note on the proposed crypto bill reportedly suggested regulation of “private cryptocurrency”, instead of an outright ban.Earlier, the government considered all cryptocurrencies not issued by the State as “private cryptocurrencies”. The authorities have now been referring to crypto as “crypto assets”,…

Aussie reforms on the way for cryptocurrency, digital wallets and BNPL providers

Image: Getty Images
Australian Treasurer Josh Frydenburg has announced a slew of regulatory proposals covering cryptocurrency, digital wallets, and buy now, pay later (BNPL). The announcements follow the release of three government reviews that all found Australia’s regulatory environment has failed to keep up with the changing payments landscape, where half of Australia’s population now make around…

The Year in Cryptocurrency — 2021 Popular Reads on JD Supra | Beacon Insights by JD Supra

The SEC’s action against Ripple, NFTs, Dogecoin, smart contracts, and more … here’s a quick look at some of the most well-read posts covering cryptocurrency matters, all aspects, on JD Supra during 2021:

Ripple Responds to the SEC’s Enforcement Action – by Matt Stankiewicz at the Volkov Law Group
SEC vs. Ripple Could Make Waves in Cryptocurrency Market – by Alon Kapen at Farrell Fritz
Ripple Effect: SEC Lawsuit against Cryptocurrency Company May Provide Guidance For Crypto Industry – by Nikhil Mehta at SmithAmundsen
SEC Complaint Against Ripple (XRP) And Possible Regulatory…

With Congressional Hearing on Cryptocurrency, United States Aims to Address Regulation

When Bitcoin was first introduced in 2008, few lawmakers could have predicted that cryptocurrencies would grow into a $2.5 trillion asset class. The potential of cryptocurrencies to create a more efficient and inclusive financial system has captured investors’ attention. But the rise of stablecoins, which are largely backed by fiat currencies, poses regulatory hurdles and could destabilize the global monetary system.
On Wednesday, the U.S. House Committee on Financial Services hosts a hearing on cryptocurrencies and financial technology, on the heels of a Treasury Department…

Binance plans to become registered UK firm despite regulatory setbacks

Changpeng Zhao, Binance’s CEO, stated that the exchange plans to grow to the United Kingdom within the next 6 to 18 months.This is despite having been told by regulators to stop trading in January.
The U.K.’s Financial Conduct Authority (FCA) revoked Binance’s ability to trade in Britain in June amid a sweeping regulatory crackdown on crypto> exchanges. Binance is the largest cryptocurrency exchange in the world.
The platform must adhere to money laundering and terrorist funding controls in order to be registered as a crypto asset company in the U.K. To meet these…

BIS urges regulation of DeFi

The central bank of central banks is worried about “decentralized finance.”The Bank for International Settlements, an umbrella group for central banks, said in a report this week that it’s concerned there’s a “decentralization illusion” in DeFi.DeFi is a rapidly-growing part of the cryptocurrency market that promises to deliver traditional financial products like loans and savings accounts without involvement from regulated middlemen such as banks.But regulators are increasingly concerned about platforms offering DeFi services that may not be as “decentralized” as advertised.”What we found…

The decentralization in DeFi just an illusion, BIS says

Dive Brief:
The Bank for International Settlements (BIS), in its Quarterly Review published Monday, encouraged policymakers to step in and regulate decentralized finance (DeFi) before it potentially picks up steam and becomes more heavily linked with the traditional finance market.
The report cited high leverage, liquidity mismatches, interconnectedness and the absence of shock-absorbing capacity traditionally offered by banks as major vulnerabilities plaguing the DeFi ecosystem, and grounds for regulation.
“There is a ‘decentralisation illusion’ in DeFi…

Organizations worldwide join 5G amicus brief to U.S. Supreme Court

Published on December 7, 2021Written by Arthur Firstenberg

On November 23, 2021, 289 organizations and 34 individuals filed an amicus (friend of the court) brief in support of our petition to the United States Supreme Court. We are asking the Court to strike down, as unconstitutional, a clause in the Telecommunications Act of 1996 that prohibits local governments from regulating cell towers on the basis of health and the environment.

You can read all of the filed documents on the Supreme Court’s website: the petition we filed on October 25, 2021; the amicus brief that was filed on…

Gemini Partners With Major Colombian Bank: Bancolombia


New York-based cryptocurrency exchange Gemini just announced its partnership with Colombia’s largest bank Bancolombia under the country’s Regulatory Sandbox.The two parties share the same mission to offer crypto services in Colombia. The project is expected to launch next week – specifically on December 14th.Gemini And Bancolombia Team UpAccording to the announcement, Gemini has completed all the necessary steps to move into the implementation phase.The strategic collaboration will offer people in Colombia a new option to buy their preferred digital currencies using their Bancolombia…

‘Apocalyptical Forces Of Ignorance And Greed And Totalitarianism’

> Robert F. Kennedy Jr. describes the coalition of sinister forces — intelligence agencies, pharmaceutical companies, social media titans, medical bureaucracies, mainstream media and the military — that are using a health crisis to impose totalitarian control worldwide> Anthony Fauci isn’t acting alone, but he’s become a prominent face of the medical cartel and medical technocracy that is wrapped up in obliterating constitutional rights globally> Big Pharma’s infiltration of regulatory and public health agencies goes back more than 100 years to the creation of the Rockefeller…

Japanese Regulator Eyes Stablecoin, Wallet Provider Regulations in 2022

Source: AdobeStock / soraneko Japan’s top financial regulator will block firms outside the world of conventional finance from issuing fiat-pegged stablecoins, a leading media outlet has claimed.Per reports in both Japanese and English from Nikkei, the Financial Services Agency (FSA), the government organ that oversees the financial industry and the crypto sector, is looking “to propose legislation in 2022 to restrict [the] issuance of stablecoins to banks and wire transfer companies.”The FSA has been given something of a…

Crypto Violators May Face Prison Time Under India’s New Proposal

Source: AdobeStock / henktennapel The Indian government is reportedly considering appointing a new regulator specifically to oversee the cryptocurrency space, while also saying those who violate regulations could face fines of up to USD 2.7m or 1.5 years in prison.Under India’s new crypto regulations, crypto holders will “probably” be required to declare their digital assets to the government within a given deadline, Bloomberg reported on Tuesday, citing unnamed sources “with knowledge of the matter.”The new rules are…

The Metaverse and Blockchain Are Just Getting Started

Looking ahead to next year, major highlights will likely include the growth of the crypto industry, which is anticipated to be strong around metaverse gaming built on blockchains, the growth of Coinbase Global as a potential “super app” for a variety of services, and the concern of regulations that might come regarding crypto assets, reports Barron’s.Blockchain-based gaming within the metaverse is anticipated to be one of the biggest areas of growth in the next year, believes BTIG’s Mark Palmer. Because of the decentralized structure of blockchain, metaverse gaming could allow for…

BIS Sees ‘Important Role’ for DeFi, Pushes for Increased Regulation

Source: AdobeStock / doganmesut A new report from the Bank for International Settlements (BIS), sometimes called the central bank of central banks, has come to a somewhat unexpected conclusion that decentralized finance (DeFi) could play “an important role” in the traditional financial system – but warned about potential financial instability.According to the report, titled DeFi risks and the decentralisation illusion, DeFi could, with certain technical and regulatory improvements, become a much more important and…

5 Reasons Why Cryptocurrency Regulation Is Important

There is a need to regulate cryptocurrency keeping in mind the investors’ interestsThe Indian government is planning to introduce a bill during the ongoing winter session of Parliament to classify cryptocurrencies as financial assets while protecting the interests of small investors. In all likelihood, the bill may set a minimum amount to invest in cryptocurrencies, while prohibiting their use as legal tender or currency substitutes. The bill also proposes to lay the groundwork for the creation of the official digital currency to be issued by the Reserve Bank of India (RBI) and regulated…

Ride-Hailing Giant Didi To Withdraw Fron The New York Stock Exchange In A Bid To Appease The Tyrannical CCP –…

Dec. 6th, 2021
Source: ReutersAccording to a story in Reuters on December 3rd,2021, it talks about how the ride-hailing giant Didi has said it has decided to withdraw from the New York Stock Exchange and instead pursue a listing in the Hong Kong exchange. It is common knowledge that  Chinese regulators have pressured Didi’s top executives to devise a plan to delist from the New York Stock Exchange due to concerns about data security. Reaction from investors was swift: the company’s shares fell 22.17%, losing about $8.4 billion in market value. At their Friday close of $6.07, Didi…