Tag Archives: regulation

Facebook hack could hasten regulation as Sen. Warner says Congress must “step up”

Senator Mark Warner (D-VA) has issued a stern reprimand to Facebook over today’s revelation that 50 million users had their access token stolen by a hacker. “This is another sobering indicator that Congress needs to step up and take action to protect the privacy and security of social media users” Warner writes. As I’ve said before – the era of ...

Read More »

As facial recognition technology becomes pervasive, Microsoft (yes, Microsoft) issues a call for regulation

Technology companies have a privacy problem. They’re terribly good at invading ours and terribly negligent at protecting their own. And with the push by technologists to map, identify and index our physical as well as virtual presence with biometrics like face and fingerprint scanning, the increasing digital surveillance of our physical world is causing some of the companies that stand ...

Read More »

‘Chilling effect’: Twitter sees regulation of social media as threat to ‘freedom of expression’

The US social media giant Twitter has complained that growing efforts to clamp down on undesirable content are indirectly discouraging a healthy exchange of ideas online. “With the passage of new legislation and ongoing regulatory discussions taking place around the world about the future of public discourse online, we are seeing a potential chilling effect with regards to freedom of ...

Read More »

Regulation could protect Facebook, not punish it

You know what tech startups hate? Complicated legal compliance. The problem is, Facebook isn’t a startup any more, but its competitors are. There have been plenty of calls from congress and critics to regulate Facebook following the election interference scandal and now the Cambridge Analytica debacle. The government could require extensive ads transparency reporting or data privacy protections. That could ...

Read More »

Sheryl Sandberg says Facebook leadership should have spoken sooner, is open to regulation

The days of silence from Facebook’s top executives after the company banned the political advisory service Cambridge Analytica from its platform were a mistake, according to Sheryl Sandberg. In a brief interview on CNBC, Sandberg said that the decision for her and company chief executive and founder Mark Zuckerberg to wait before speaking publicly about the evolving crisis was a ...

Read More »

Bitcoin jumps $1,000 after recommendation for G20 to ditch regulation

An international group of central bank regulators and government ministers has told the G20 countries that bitcoin poses no threat to global financial stability, sending the cryptocurrency market higher. The Financial Stability Board’s chairman, Mark Carney, who also heads the Bank of England, has sent a letter to the G20, saying that the organization doesn’t see bitcoin and other cryptocurrencies ...

Read More »

Cryptocurrencies subject to regulation as commodities, US judge rules

The same rules govern energy, metals & virtual currencies like bitcoin, a federal judge has reportedly ruled. The US Commodity Futures Trading Commission (CFTC) will regulate cryptocurrency, according to a ruling seen by Reuters. US District Judge Jack Weinstein has ruled the CFTC had the standing to bring a fraud lawsuit against New York resident Patrick McDonnell and his company ...

Read More »

‘You can hack a dildo, so we must act’: Labour MP demands sex toy regulation

Smart sex toys may be innovative – but they are also vulnerable to hackers. Fears over sex-toy safety is prompting Labour MP Chi Onwurah to call for regulation of the adult market to avoid such a disaster. Onwurah, Labour’s Newcastle Central MP, says she is shocked by the lack of regulation surrounding smart sex toys. High-tech sex toys use cameras, ...

Read More »

Cryptocurrency regulation is ‘inevitable,’ says IMF boss Lagarde

It’s only a matter of time before cryptocurrencies come under government regulation, according to the head of the International Monetary Fund (IMF) Christine Lagarde. “It’s inevitable,” she told CNNMoney, adding “It’s clearly a domain where we need international regulation and proper supervision.” She also noted that “there is probably quite a bit of dark activity [in cryptocurrencies].” Read more The IMF is actively ...

Read More »

Cryptocurrency market continues to slide as regulation claws tighten

Bitcoin and other cryptocurrencies were trading 10 to 23 percent lower on Monday, as news about tighter regulation continues to wreak havoc on the market. The biggest Nordic bank, Nordea, sent a memo to all its employees on Monday, warning that they are now prohibited to trade in bitcoin or other cryptocurrencies due to their “unregulated nature,” Bloomberg reports. Read ...

Read More »
Show Buttons
Hide Buttons
error: Content is protected !!