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“#Apple hit with German antitrust probe over app store” Germany’s antitrust regulator said Monday that it has opened a far-reaching investigation into whether Apple uses its wide variety of products to squash competition, adding to the company’s regulatory woes. Germany’s Federal Cartel Office — which has also opened investigations into Facebook, Amazon and Google so…
“# Malta Chamber of Commerce business unit responds to allegations of lax crypto oversight ” A business unit within Malta’s Chamber of Commerce has struck down allegations that the country failed to uphold proper regulatory oversight of cryptocurrency businesses in its early embrace of the industry in 2017 and 2018. The Virtual Financial Assets Agents…
“# $71B in crypto has reportedly passed through ‘blockchain island’ Malta since 2017 ” Malta’s strategy to become a global enclave for digital assets appears to be working, though lax regulatory oversight has raised concerns over money laundering and other financial crime. Roughly $71 billion, or 60 billion euros, worth of cryptocurrencies have passed through…
“# How smart regulation can improve the future of blockchain ” With extreme positions on both sides, some would have us believe that decentralized technology and regulation are mutually exclusive. As pervasive as that narrative has become, a more evolved view is that both decentralization and regulation are inevitable, so the best results will flow…
“#Beijing not bothered by Biden’s lame bid to rally Europeans against China” Beijing isn’t looking too impressed by President Joe Biden’s efforts to rally Europe into a common front at the G-7 and NATO summits. Getting the allies to join in confronting Beijing’s various outrages was the top priority of his first overseas trip as…
“#Google’s ad business subject of new EU antitrust probe: report” Google is battling anti-monopoly regulators on both sides of the Atlantic — and the European Union is reportedly about to turn up the heat. Antitrust regulators in the bloc are set to launch an investigation into Google’s lucrative ad business by the end of the…
“#Trump blasts Biden-Putin summit saying ‘good day for Russia’” Former President Donald Trump said Wednesday night that his successor’s summit meeting with Russian President Vladimir Putin was “a good day for Russia” and added that “I don’t see what we got out of it.” “We didn’t get anything. We gave a very big stage to…
“#Letters to the Editor — June 17, 2021” The Issue: French President Emmanuel Macron‘s reaction to President Biden’s first G-7 summit. So glad to hear French President Emmanuel Macron is happy with Joe Biden being part of “the club.” Why wouldn’t he be (“French kiss for Joe,” June 13)? Biden’s main concern is everything but…
“#Biden meets with EU leaders following NATO China statement” President Biden is meeting with European Union leaders in Brussels as part of a US-EU summit Tuesday morning, where leaders will announce the formation of a joint council to better address China’s predatory economic practices — following a lukewarm communique on the ascendant communist power from…
“# Within five years, US hedge funds expect to hold 10.6% of assets in crypto ” A new survey of 100 chief financial officers at hedge funds worldwide has indicated that the sector is planning a significant increase in its exposure to crypto assets in the near term. The survey, conducted by Intertrust, suggests that…