Tag Archives: regulation

‘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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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‘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, ...

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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 ...

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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 ...

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LA City Council pres. warns of legal weed regulation blind spots

On the verge of becoming the largest US city to regulate recreational marijuana, Los Angeles city council president and two members are already bracing for potential problems in the bureaucratic system’s structure. On Wednesday, the city council voted 12-0 in favor of the marijuana-related regulations which legalized the licensed sale and cultivation of marijuana in the Southern California city of ...

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Zuck says ad transparency regulation would be ‘very good if it’s done well’

Despite Facebook’s effort to rapidly self-regulate in the wake of Russian interference in the U.S. election using Facebook ads, CEO Mark Zuckerberg says he would support government regulation if implemented properly. Meanwhile, Facebook elevated its expense estimates for 2018 to fund security hiring. “We’re working with Congress on legislation to make advertising more transparent. I think this would be very ...

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