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China opens cyber-court to deal with Internet cases
Aug 21,2023
A new court has been opened in China that will deal only with Internet-related cases. ranging from disputes over domain names, to e-commerce disputes and copyright infringements. According to its website, the Hangzhou Internet Court has been lau...
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Indian advertisement regulators issues guidelines for heath and financial influencers
Aug 18,2023
The Advertising Standards Council of India (ASCI), a regulatory organization of the advertising industry in India, has issued additional requirements in its influencer advertising guidelines, requiring that influencers in the banking, financial servi...
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Mobile carriers face fines in South Korea for false claims on 5G speeds
Aug 18,2023
The Korea Fair Trade Commission (KFTC), South Korea's antitrust regulator, has fined three domestic mobile carriers a total of 33.6 billion won ($25.06 million) for exaggerating 5G speeds. SK Telecom received a fine of 16.8 billion won, KT 13.9 billi...
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PayPal temporarily halts cryptocurrency purchases for UK customers
Aug 17,2023
PayPal is working to comply with new UK regulations coming into effect on 8 October 2023. Britain's financial regulator, the Financial Conduct Authority (FCA), is imposing tougher rules on cryptocurrency products and services marketing and advertisin...
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Coinbase Mobilizes Crypto Community with Pro-Crypto Advocacy Group
Aug 15,2023
Coinbase, one of the world's largest crypto exchanges, has launched an independent nonprofit organization called the Stand with Crypto Alliance. The aim is to advance pro-crypto legislation through the US Congress and mobilize the crypto community. A...
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Zoom revises TOS clarifying it won't use customer data for AI training
Aug 15,2023
Zoom has once again revised its terms of service (TOS) to remove any mention of the use of content collected from its communications app to train AI models after facing a storm of criticism from users and privacy advocates. The company published an u...
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USA will regulate companies that track and sell personal data
Aug 15,2023
The US Consumer Financial Protection Bureau (CFPB) is unveiling plans for regulating companies that track and sell personal data on 15 August. The consumer watchdog will be setting out steps to guarantee that the modern-day data brokers of the survei...
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Israel issues cyber-security IoT consumer disclosure guidance for public consultation
Aug 15,2023
Israel's Consumer Protection and Fair-Trade Authority and Israel National Cyber Directorate issue cyber-security IoT consumer disclosure guidance for public consultation. According to the guidance, the consumers must be informed whether the IoT produ...
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UK ICO issues enforcement notice against Koypo Laboratories Ltd for breaches
Aug 12,2023
The UK Information Commissioner's Office (ICO) has issued an enforcement notice against Koypo Laboratories Limited for sending over 2 million unsolicited direct marketing e-mails to subscribers between 1 March 2017 and 31 March 2018 without their con...
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VC Firms like Sequoia and Softbank face lawsuit for alleged role in FTX fraud
Aug 11,2023
A lawsuit filed on 7 August alleges that several investment companies played a role in facilitating the FTX fraud by using their power, influence, and financial resources to support the growth of the exchange. The complaint asserts that the VCs provi...
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UK government proposal to enhance consumer protection against fake reviews
Aug 11,2023
According to a news report, the UK government has proposed changes to the Consumer Protection from Unfair Trading Regulations 2008 (CPR) to enhance consumer protection against fake reviews. The report notes that a yearly estimate of '
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Amazon will start paying damages for dangerous goods
Aug 10,2023
Amazon will start paying compensation to customers who are affected by dangerous products sold by independent sellers in its store. From the beginning of September, Amazon said it would compensate for personal injury or property damage on claims up t...
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