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“#European regulator probes TikTok on children’s data, China ties” A key European privacy regulator has opened two probes into TikTok’s handling of user data, adding to the popular Chinese app’s regulatory woes on both sides of the Atlantic. Ireland’s Data Protection Commission, which is the European Union’s main regulator for companies like TikTok parent ByteDance…
“#Uber must classify drivers as employees, not contractors: Dutch court” Uber must classify its drivers in Amsterdam as employees rather than contractors, a Dutch court ruled Monday, in a blow to the ride-hailing company’s gig-economy business model. The news follows a similar decision earlier this year in the UK, in which the nation’s supreme court…
“# Law Decoded: The aftermath of El Salvador’s pioneering move, Sept. 6-13 ” Too much is happening in the realm of crypto policy and regulation to leave the biggest developments of each week without a roundup and at least some conceptual reflection. Starting today, we are getting back to decoding crypto law and everything around…
“# Slow to start: Crypto regulators lagging behind blockchain industry ” As if he didn’t have enough to do, Gary Gensler appeared before the European Parliament on Sept. 1 to share his policy recommendations regarding the regulation of crypto assets and other matters. While the United States Securities and Exchange Commission Chair made clear that…
“# IOTA Foundation to support EU blockchain initiative ” The European Commission’s blockchain initiative has selected the IOTA Foundation as one of seven projects to participate in the preliminary stage of designing an EU-wide distributed ledger technology platform. The initiative seeks to increase the efficiency and accountability of the European Blockchain Services Infrastructure (EBSI), a…
“# Survey finds Europeans want home countries to regulate crypto, not EU ” A large-scale poll across 12 European Union member states reveals that a majority of Europeans would prefer local governments to create and regulate cryptocurrencies. Redfield & Wilton Strategies carried out a survey for Euronews, polling 31,000 respondents from Estonia, France, Germany, Greece, Hungary, Italy,…
“# Decentralized search engine becomes default option on European Android devices ” Beginning Sept. 1, decentralized search engine Presearch will be listed as a default option on all new and factory-reset devices sold in the United Kingdom and Europe, a move that could erode Google’s dominance in the search engine market. The decision by Google…
“# Slovenian finance authority proposes 10% tax on crypto income ” According to local media reports, the Financial Administration of the Republic of Slovenia, or FURS, is considering imposing a 10% taxable income bill on cryptocurrency asset activity in the near future. Under the current legislation method, the authority analyses an individual’s digital asset activity…
“# Concerns around data privacy are rising, and blockchain is the solution ” Today’s consumers are willing to trade their data for personalization but have fast-growing concerns about data privacy. In a survey from a digital security and credential issuance company Entrust, only 21% of the respondents trust established global brands to keep their personal…
“# French fund manager launches EU-regulated ETF that tracks Bitcoin price ” Paris-based derivatives fund manager Melanion Capital has launched a new, European Union-regulated fund that aims to track the price of Bitcoin (BTC) at a correlation of up to 90%. The fund is the first of its kind to be issued under the EU’s…