In a significant development, a group of 50 investors managing with more than $4.5 trillion in assets in total, have called on companies which are involved in the development and use of facial recognition technology, to do so in an ethical manner. The investor group, led by asset manager Candriam said, given the lack of…
On Tuesday, Hong Kong’s securities watchdog stated, the city will require every cryptocurrency trading platforms to be regulated regardless of whether they trade securities. In a statement Hong Kong’s Securities and Futures Commission (SFC) said, previously the regulatory framework for cryptocurrency trading platforms had the ‘opt in’ option; now this has become mandatory, said SFC…
In a statement, U.S. social media giant Facebook Inc said, it would block news publishers and people in Australia from sharing news on its app, including Instagram and Facebook if a proposed bill which forces it pay local media outlets for content, becomes law. In July, the Australian government said it would require tech giants…
On Tuesday, Haruhiko Kuroda, the governor of the Bank of Japan stated, the central bank has currently no plans to issue digital currencies; it is however conducting research on the subject in case the need to do so arises in the future. He went on to add, stable coins should not be issued unless there…
France’s 5G auction, which will in most probability exclude bids from China’s Huawei Technologies, will set the groundwork for next generation industries, including IoT. On Thursday, French news agency Le Figaro reported Junior Minister Agnes Pannier-Runacher as stating, France will commence the auction of 5G telecoms frequencies this autumn, with licenses expected to be given…
It aims to achieve 100% coverage by 2022. The British government is studying the pros and cons of the proposal and may consider a legislative approach to achieve the target. British telecommunication giant BT is set to invest $778 million (600 million pounds) to further the aims of the British government to provide faster…
There will be enormous consequences for both American and European companies, if a legal alternative to the Safe Harbor Framework is not arrived at in a timely manner. Two of America’s and Europe’s largest trade groups have warned that if Brussel and Washing fail to wrap up their data transfer pact related talks by the…
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