EUregulation

Polymarket Shuts Out French Users Amid Growing Regulatory Concerns Over Prediction Markets

28 days ago

In a significant move reflecting tightening regulatory scrutiny, Polymarket, a prominent prediction market platform, has implemented a ban on users from France. This decision comes as regulators and government authorities across Europe are increasingly focusing on the operation of online betting platforms, particularly those that allow users to wager on the outcome of various events.

Tether and Kraken Back European Stablecoin Venture Ahead of MICA Regulations

1 month ago

In a significant move within the cryptocurrency sector, Tether, the issuer of the world's largest stablecoin (USDT), along with cryptocurrency exchange Kraken, has announced strategic investments in a European-based stablecoin issuer. This partnership marks a bold step as the European Union prepares to finalize its regulatory framework under the forthcoming Markets in Crypto-Assets (MiCA) regulation.

LinkedIn Faces €310 Million Fine Over Illegal Data Practices in Europe

2 months ago

In a significant move against major tech companies, LinkedIn has been handed a staggering fine of €310 million (approximately $340 million) by European regulators. This hefty penalty stems from the company’s failure to adhere to strict data protection regulations set forth under the General Data Protection Regulation (GDPR). This enforcement action highlights the ongoing scrutiny that social media platforms face regarding user data management and privacy standards.

Coinbase to Delist Non-Compliant Stablecoins in the EU by December

3 months ago

Coinbase Inc., one of the most renowned cryptocurrency exchanges in the world, will implement a major policy change in Europe. Starting this December, the firm shall start delisting those stablecoins which will fail to comply with the European Union's upcoming regulatory requirements. The move is likely to hit users and issuers of the digital currencies hard in the EU region.

Meta and Deutsche Telekom's Clash Over Data Costs: A Growing Conundrum

3 months ago

The fight between Meta Platforms Inc., the parent company of Facebook, and Deutsche Telekom AG, one of Europe's largest telecommunications giants, is growing. The source of this emerging dispute centers around one very contentious issue: data costs.

EU Issues Ultimatum to Google in Explosive Battle Over Search Monopoly!

3 months ago

The move represents a major development in which Google finds itself under aggressive attack by the regulators of the European Union, who have issued an ultimatum against their dominance in the search engine market. It is one of the recent strikes in a series being carried out against big technology firms for their monopolistic tendencies.