Cryptocurrency trading platforms will henceforth be regulated

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…

Czechoslovakia will follow Germany’s approach vis-a-vis Huawei

Much like the issues highlighted by the United States, Czech cyber security watchdog NUKIB has also warned of potential risks of allowing Huawei to build the backbone of the country’s communication network. On Thursday, Czechoslovakia’s industry minister was quoted as saying, it will follow the approach of Germany and other neighboring countries in addressing issues…

Google faces privacy woes stemming from data handling for its online ad business

Google online ad business faces strong risks of non-compliance to EU’s GDPR. In a development that marks a heightening of Google’s privacy woes, privacy campaigners have filed complaints to data protection regulators in France, Germany and seven other EU countries over the way Google handles data in its online advertising business. Last month, complaints filed…

Japan’s Financial Services Agency grants cryptocurrency industry self-regulatory status

Following hacker attacks which left crypto exchanges shorter by millions of dollars earlier this year, Japan intends to nurture growth while ensuring strict regulatory compliance for the cryptocurrency industry. On Wednesday, Japanese watchdog Financial Services Agency (FSA) stated, it has given the country’s cryptocurrency industry a self-regulatory status. As a result Japan Virtual Currency Exchange…

China Labor Watch pulls up Foxconn for labor conditions at its China plant

The usage of temporary workers at Foxconn’s plants have been an issue that has dogged the world’s largest contract manufacturer for many years now. Following a report by a U.S. watchdog that working conditions at one of Foxconn’s factory in China, which makes devices for Amazon, was harsh, Foxconn, also known as Hon Hai Precision…