Regulators
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...
Baidu raises $1 billion in ESG bond issue despite China tech sector woes
China’s Baidu has raised $1 billion in a two-tranche, US dollar sustainability bond, its first environment, social and governance (ESG) transaction.
WeChat suspends new user registration for security compliance
WeChat has temporarily suspended registration of new users in mainland China as it undergoes a technical upgrade “to align with relevant laws and regulations”, China...
China regulator bars Tencent from exclusive rights in online music
China’s market regulator on Saturday said it would bar Tencent Holdings Ltd from exclusive music copyright agreements and fined the company for unfair market practices in the...
US regulator sues Amazon, demands recall of hazardous products
The US Consumer Product Safety Commission (CPSC) has said it has sued Amazon.com to force the retailer to recall hundreds of thousands of hazardous products that it had distributed...
Britain bans Binance’s UK ops in latest cryptocurrency crackdown
The UK’s financial regulator has said Binance, one of the world’s most prominent cryptocurrency exchanges, cannot conduct any regulated activity and issued a warning to...
Germans, French and Dutch want more say over tech giants’ start-up deals
Draft rules targeted at Google, Facebook, Amazon and Apple should be beefed up to allow regulators to vet their acquisitions of start-up rivals, Germany, France and the Netherlands...
TikTok owner ByteDance launches share buyback after shelving IPO plans
ByteDance, the Chinese owner of short video platform giant TikTok, launched a share buyback this week for current and former employees, two people with direct knowledge of the matt...
Tencent hit with fresh anti-monopoly complaint in China
Tencent has become the target of another anti-monopoly complaint to regulators, this time from a supplier of smart vehicle technology and a General Motors Co China venture.