Regulators

Alipay

Increased Chinese scrutiny increases investment risk of ‘Beast’ Ant

As Ant Group was pushing forward in August towards its IPO, at least two smaller Chinese banks using existing ties to the FinTech player decided to stop sourcing fresh customer loa...

Twitter

Twitter privacy ruling delayed after dispute among EU regulators

Twitter had looked set to become the first big platform business to face a fine by Ireland’s Data Protection Commission under tough new EU data protection rules after it subm...

Wirecard

Source: Germany missed chances to put Wirecard on watchlist

German regulators twice looked into tightening the supervision of collapsed FinTech business Wirecard and discussed it with the German and European central banks but no action was ...

Telegram messaging

Telegram to pay $18.5 million, return investor money to settle SEC charges

Telegram Group Inc has agreed to return $1.2 billion to investors and pay an $18.5 million civil penalty to resolve charges over an unregistered digital token coin offering, the US...

Facebook

Facebook could address some US antitrust concerns with new media transfer tool

Facebook will allow users in the US and Canada to transfer photographs and video content to a rival tech platform for the first time. This is a step that could assuage antitrust co...

Baidu

Chinese regulator order Baidu to clean up its search

China’a internet regulator ordered search engine Baidu to clean up improper information and halt spread of “low-brow content.” 

Hong Kong

Hong Kong regulator considers easing strict data storage rules – sources

Hong Kong is considering softening new data storage rules, amid concerns of conflict with confidentiality laws elsewhere as authorities globally look to balance regulatory requirem...

Facebook's Libra

Ueli Maurer: Facebook’s Libra has failed in its current form

The President of Switzerland has stated that Facebook’s controversial cryptocurrency project has failed in its current form and needs reworking to be approved.

European Parliament

EU regulators to review rules defining companies’ market power

BRUSSELS (Reuters) – EU regulators will review two-decade old rules that determine if companies have the market power to throttle rivals or control prices to take into accoun...

Libra

Facebook warns EU regulators seeking data access about privacy, liability risks

BRUSSELS (Reuters) – Facebook warned European Union regulators on Monday against forcing tech giants to open their vast troves of data to rivals, saying such a move would car...

Google

Google must help stop illegal marketing of mini-bond schemes

LONDON (Reuters) – Google must do more to stop illegal online marketing of money-making schemes that can lead to small investors losing their savings, Britain’s regulat...

US Regulators

U.S. regulator proposes splitting auto safety spectrum to boost Wi-Fi

Reuters – A little-used block of spectrum set aside for auto safety should be split to accommodate the rapidly growing number of wireless devices, the chairman of the U.S. te...