Regulators
Binance affiliate says will withdraw Singapore licence application
The Singapore affiliate of Binance, one of the world’s largest cryptocurrency exchanges, said in a statement it will withdraw its local license application and wind down its ...
Australia proposes new laws to regulate crypto and BNPL sector
Australia will create a licencing framework for cryptocurrency exchanges and consider launching a retail central bank digital currency as part of the biggest overhaul of its A$650 ...
Apple’s alleged restriction on workers’ Slack use sparks labor complaint
Apple has restricted employees’ use of workplace messaging app Slack, hampering workers’ ability to engage in protected speech and organizing, a former employee alleged...
US financial regulators investigate Trump social media deal
Wall Street’s top financial regulators are investigating former US President Donald Trump’s $1.25 billion deal to float his new social media venture on the stock market...
Apple starts legal action against Russian regulator in App Store dispute
Apple has started legal proceedings against Russia’s anti-monopoly regulator in a dispute concerning alternative payment options on its App Store platform, the RIA news agenc...
Alibaba overhauls e-commerce businesses, names new CFO
Alibaba Group Holding Ltd said it will reorganise its international and domestic e-commerce businesses and replace its CFO – changes that come as the tech giant grapples with...
Regulator: US banks must seek regulatory permission before engaging in certain crypto activities
US banks must seek and obtain written permission from their bank supervisors before engaging in certain activities involving cryptocurrency, a major regulator has said.
Changing Facebook’s name unlikely to deter lawmaker or regulatory scrutiny
Renaming Facebook Inc is unlikely to enable the tech giant to distance itself from regulatory and public scrutiny around the potential harms caused by its social media apps, market...
Zoom, Five9 to terminate nearly $15 billion all-stock deal after shareholder vote
Five9 Inc shareholders voted down the call center software firm’s $14.7 billion sale to Zoom Video Communications Inc, a major blow to Zoom’s plan to expand its offerin...
China aims for ‘civilised’ internet with focus on ‘socialist values’
China will step up efforts to promote a “civilised” internet by strengthening oversight over the likes of news sites and online platforms and encouraging them to promot...
Binance removes Singapore products on main platform after regulator’s warning
Embattled Binance, which remains one of the world’s largest cryptocurrency exchanges, said it will restrict its services in Singapore days after the city state’s centra...
Binance can’t be supervised properly, UK financial watchdog says
The world’s biggest crypto exchange Binance is not capable of being supervised properly and poses a significant risk to consumers, Britain’s Financial Conduct Authority...
For bank regulators, platform giants are now ‘too big to fail’
More than a decade on from the financial crisis, regulators are spooked once again that some companies at the heart of the financial system are too big to fail. But they’re n...
Crypto exchange Binance tightens money-laundering checks as regulatory pressure mounts
Cryptocurrency exchange Binance has said it would demand stricter background checks on customers to bolster efforts against money laundering, with immediate effect, a move that com...
Nvidia’s $40 billion deal for ARM dealt blow by UK regulator
Nvidia’s $40 billion acquisition of UK-based chip designer ARM hit a major hurdle yesterday after a UK regulator found it could damage competition and weaken rivals, and requ...