regulators

Google drops its own share of Google Shopping ads to around half in response to EU action

Competition is increasing in Google Shopping, but will this satisfy EU regulators?

Searchmetrics’ data suggests majority of external ads on Google Shopping in Europe are placed via marketing agencies rather than the classic comparison-shopping sites that compete with Google. The study follows EU Commissioner Verstager expressing dissatisfaction with the quality of Google Shopping competition. Google drops its own share of Google Shopping ads to around half in …

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Facebook won’t launch cryptocurrency until U.S. regulators approve

In a prepared statement to a House oversight committee, Facebook CEO Mark Zuckerberg said plans to launch a global payments system will remain on hold until U.S. regulators approve it. The comments end speculation Libra coin could go live in nations where there is no government pushback. The statement, published today, will be part of Zuckerberg’s …

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Digital assets subject to money-laundering, disclosure laws: U.S. regulators

FILE PHOTO: The U.S. Securities and Exchange Commission logo adorns an office door at the SEC headquarters in Washington, United States, June 24, 2011. REUTERS/Jonathan Ernst/File Photo WASHINGTON (Reuters) – Three U.S. financial regulators on Friday issued a warning to firms with registered digital assets that they have an obligation to follow securities laws prohibiting …

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Libra coin group in talks with EU regulators, executive tells Reuters

FILE PHOTO: A 3D-printed Facebook Libra cryptocurrency logo is seen in front of displayed German flag in this illustration taken, September 13, 2019. REUTERS/Dado Ruvic/File Photo GENEVA (Reuters) – The Libra Association, due to launch and manage the Facebook-led Libra cryptocurrency, is talking to European Union regulators after opposition from Germany and France, its managing …

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Facebook’s Libra in regulators’ sights as ECB’s Coeure warns of ‘stablecoin’ risks

ZURICH/LONDON (Reuters) – Facebook’s (FB.O) attempt to drag cryptocurrencies into the mainstream with its Libra digital coin met with further scepticism on Monday when an ECB board member said such “stablecoins” posed serious risks. FILE PHOTO: Benoit Coeure, board member of the European Central Bank (ECB), is photographed during an interview with Reuters journalists at …

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Antitrust regulators dig deeper into dominant tech companies

The government is circling the wagons around Big Tech as the scrutiny of its immense power intensifies. Two groups of state attorneys general are joining the fray with separate investigations into whether Google and Facebook have been unfairly leveraging their array of popular — and free — services to dominate the lucrative online advertising market. …

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GDPR complaints stack up across the EU as regulators prepare to issue fines

It’s almost five months since Europe’s General Data Protection Regulation (GDPR) went into effect. Although the initial buzz around the sweeping legislation has died down, we’ve seen momentum in the United States toward stricter state data privacy laws such as California’s Consumer Privacy Act (CCPA) as well as possible federal legislation. More laws, mean more tools. …

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Australian privacy regulators examining Google’s Android location-data collection

European privacy moves are having a ripple effect around the globe. Reuters reported earlier today that Google now faces an investigation in Australia surrounding its location data collection practices from Android smartphone users. Oracle, a staunch Google opponent, provided a market competition report to Australian regulators that asserts, “Alphabet receives detailed information about people’s internet …

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Top European court’s ruling might embolden US tech companies to challenge regulators

The highest court in the EU has dealt a blow to the European antitrust regulator. According to reports this morning, the European Court of Justice said that a roughly $1.3 billion fine imposed in 2009 on Intel needed to be re-examined by a lower court. The facts of the Intel case involved the question of …

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