Tag #Regulation

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europe.chinadaily.com.cn

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May 15, 04:09

China's Market Regulator Summons Food Delivery Platforms Over Unfair Practices

China's top market regulator summoned major food delivery platforms, including JD, Meituan, and Ele.me, to rectify unfair market practices and protect the rights of consumers, merchants, and delivery staff, following JD's expansion into the sector with aggressive subsidies and zero-commission polici...

China's Market Regulator Summons Food Delivery Platforms Over Unfair Practices

China's top market regulator summoned major food delivery platforms, including JD, Meituan, and Ele.me, to rectify unfair market practices and protect the rights of consumers, merchants, and delivery staff, following JD's expansion into the sector with aggressive subsidies and zero-commission polici...

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What immediate actions are Chinese authorities taking to address unfair competition in the food delivery sector?

China's market regulator summoned major food delivery platforms like JD, Meituan, and Ele.me, urging them to rectify unfair practices and protect consumer, merchant, and delivery staff rights. This follows JD's expansion into on-demand delivery, intensifying competition with aggressive subsidies and zero-commission policies.

smh.com.au

🌐 75% Global Worthiness

May 15, 22:14

Victoria to force cheaper energy deals for consumers

The Essential Services Commission in Victoria proposes new rules to force electricity and gas companies to offer better deals to customers on expensive plans, saving an estimated \$16.8 million for 135,000 customers and potentially millions more from eliminating the "loyalty tax" on older contracts.

Victoria to force cheaper energy deals for consumers

The Essential Services Commission in Victoria proposes new rules to force electricity and gas companies to offer better deals to customers on expensive plans, saving an estimated \$16.8 million for 135,000 customers and potentially millions more from eliminating the "loyalty tax" on older contracts.

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How do the proposed regulations aim to address the issue of customers being charged higher tariffs than necessary?

The Essential Services Commission estimates that these reforms will save Victorian households an average of \$225 per year on electricity and \$182 on gas. This follows a finding that over 60 percent of customers were not on their retailer's best offer in the last financial year. The commission argues that these measures will create a fairer market.

elmundo.es

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May 14, 04:12

CNMC Rejects Sabadell's Merger Concerns, Highlights Prior Consultation

The head of Spain's competition authority, Cani Fernández, rejected Banco Sabadell's claims that its merger with BBVA would harm SME lending, citing existing market share losses to competitors like CaixaBank and highlighting a prior consultation with over 58 entities.

CNMC Rejects Sabadell's Merger Concerns, Highlights Prior Consultation

The head of Spain's competition authority, Cani Fernández, rejected Banco Sabadell's claims that its merger with BBVA would harm SME lending, citing existing market share losses to competitors like CaixaBank and highlighting a prior consultation with over 58 entities.

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What is the immediate impact of the CNMC's decision on SME lending in Spain, considering the counterarguments raised by Banco Sabadell and the subsequent government consultation?

The CNMC chair, Cani Fernández, refutes Banco Sabadell's claim that a BBVA merger would negatively impact SME lending, citing Sabadell's existing market share loss to competitors like CaixaBank. Fernández highlights that BBVA's commitment to maintaining customer conditions for five years mitigates potential risks. The CNMC already consulted over 58 entities before approving the merger.

kathimerini.gr

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May 13, 01:12

SEC Chairman Unveils Plan for Crypto Market Regulation

SEC Chairman Gary Gensler announced plans to create regulatory guidelines for crypto asset distributions, explore additional exemptions, and potentially modify rules to allow registered broker-dealers to facilitate trading in cryptocurrencies like Bitcoin and Ether, aiming to establish a rational re...

SEC Chairman Unveils Plan for Crypto Market Regulation

SEC Chairman Gary Gensler announced plans to create regulatory guidelines for crypto asset distributions, explore additional exemptions, and potentially modify rules to allow registered broker-dealers to facilitate trading in cryptocurrencies like Bitcoin and Ether, aiming to establish a rational re...

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What immediate actions is the SEC taking to regulate the cryptocurrency market?

The SEC chairman, Gary Gensler, outlined plans to create guidelines for crypto asset distributions and explore additional exemptions, aiming for a rational regulatory framework for crypto asset markets. He also suggested modifying rules to allow registered broker-dealers to facilitate trading in non-securities like Bitcoin and Ether.

forbes.com

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May 11, 19:11

XRP Spot ETF Awaits SEC Decision by June 2025

The SEC's upcoming decision on Franklin Templeton's XRP spot ETF proposal by June 17, 2025, will determine if one of the world's largest cryptocurrencies gains broader mainstream access through regulated investment vehicles, influencing global crypto markets and impacting retail and institutional in...

XRP Spot ETF Awaits SEC Decision by June 2025

The SEC's upcoming decision on Franklin Templeton's XRP spot ETF proposal by June 17, 2025, will determine if one of the world's largest cryptocurrencies gains broader mainstream access through regulated investment vehicles, influencing global crypto markets and impacting retail and institutional in...

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What are the potential market impacts of the SEC's approval or rejection of the proposed XRP spot ETF by June 17, 2025?

On January 10, 2024, the US approved its first Bitcoin and Ether ETFs, leading to significant trading volume. This signaled strong mainstream investor interest in accessing crypto through familiar brokerage accounts. The subsequent growth of these ETFs has now focused attention on XRP as the next potential ETF.

dw.com

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May 11, 10:10

Germany's New Cabinet Sparks Lobbying Debate

Germany's new cabinet, led by Chancellor Merz, includes three business leaders in top positions, sparking debate about lobbying regulation and conflict of interest in German politics, despite the existence of a Lobby Register and certain disclosure requirements.

Germany's New Cabinet Sparks Lobbying Debate

Germany's new cabinet, led by Chancellor Merz, includes three business leaders in top positions, sparking debate about lobbying regulation and conflict of interest in German politics, despite the existence of a Lobby Register and certain disclosure requirements.

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What are the implications of appointing individuals with extensive business backgrounds to key ministerial positions in Germany's new government?

Germany's new cabinet includes three appointees with strong business backgrounds, raising concerns about potential conflicts of interest. Chancellor Merz's appointments of Reiche, Weimer, and Wildberger—all with prior business leadership experience—have drawn criticism from opposition parties, highlighting existing regulatory gaps.

forbes.com

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May 15, 01:11

OCC Letter Removes Banking Barriers for Crypto Companies

The OCC's Interpretative Letter 1184 clarifies that national banks can engage in crypto-asset activities without prior approval, ending a years-long struggle for crypto companies to obtain banking services and potentially boosting domestic competition and innovation.

OCC Letter Removes Banking Barriers for Crypto Companies

The OCC's Interpretative Letter 1184 clarifies that national banks can engage in crypto-asset activities without prior approval, ending a years-long struggle for crypto companies to obtain banking services and potentially boosting domestic competition and innovation.

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What is the immediate impact of the OCC's Interpretative Letter 1184 on crypto companies' access to banking services?

The OCC's Interpretative Letter 1184 allows national banks to engage in crypto-asset activities without prior approval, effectively ending the years-long difficulty for crypto companies to obtain banking services. This decision should enable easier access to traditional banking for crypto companies seeking money transmitter licenses (MTLs), previously hampered by the lack of trust or FBO accounts.

cincodias.elpais.com

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May 14, 19:13

Bitcoin Reclaims $100K, Ether Surges on Macro Tailwinds and Pectra Update

Bitcoin hit $100,000, driven by favorable macroeconomic conditions, including a US-UK trade deal and a less hawkish Fed, while Ether saw its best weekly performance since May 2021, exceeding 37.5%, boosted by the Pectra update and increased institutional investment.

Bitcoin Reclaims $100K, Ether Surges on Macro Tailwinds and Pectra Update

Bitcoin hit $100,000, driven by favorable macroeconomic conditions, including a US-UK trade deal and a less hawkish Fed, while Ether saw its best weekly performance since May 2021, exceeding 37.5%, boosted by the Pectra update and increased institutional investment.

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What are the primary factors driving Bitcoin's recent price surge above $100,000, and what are the immediate consequences?

Bitcoin reclaimed the $100,000 level for the first time in over three months, showcasing renewed strength after a 32% drop from its January high. This surge, fueled by favorable macroeconomic conditions like a US-UK trade deal and the Fed's more flexible stance, surpasses even the performance of equities.

forbes.com

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May 13, 22:12

Expert Panel to Discuss $230B Stablecoin Market

On May 21st at 12 PM EST, a panel of experts will discuss the rapidly growing $230 billion stablecoin market, covering their use in investment and global payments, major players, and regulatory issues.

Expert Panel to Discuss $230B Stablecoin Market

On May 21st at 12 PM EST, a panel of experts will discuss the rapidly growing $230 billion stablecoin market, covering their use in investment and global payments, major players, and regulatory issues.

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How are stablecoins impacting the global financial system and the role of the U.S. dollar?

The discussion will explore how stablecoins, blockchain-based substitutes for real-world currencies, are used in investment and global payments, potentially impacting the U.S. dollar's dominance. The event will also analyze the risks associated with major stablecoin players and the evolving regulatory landscape. This is relevant due to the significant market size and potential systemic implications.

elmundo.es

🌐 75% Global Worthiness

May 13, 01:12

Spain Bans Unsolicited Commercial Calls with New Phone Prefix Law

Spain's Ministry of Social Rights and Consumption is amending the Customer Service Act to ban unsolicited commercial calls by requiring businesses to use specific phone prefixes for marketing and customer service calls, and obligating telecommunication operators to block unidentified calls, nullifyi...

Spain Bans Unsolicited Commercial Calls with New Phone Prefix Law

Spain's Ministry of Social Rights and Consumption is amending the Customer Service Act to ban unsolicited commercial calls by requiring businesses to use specific phone prefixes for marketing and customer service calls, and obligating telecommunication operators to block unidentified calls, nullifyi...

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What specific measures are being implemented in Spain to combat unsolicited commercial calls, and what immediate impact will these have on consumers?

Spain's Ministry of Social Rights and Consumption is amending the Customer Service Act to ban unsolicited commercial calls. This involves requiring businesses to use specific phone prefixes for commercial and customer service calls, and obligating telecommunication operators to block calls lacking these prefixes.

faz.net

🌐 85% Global Worthiness

May 11, 13:09

Europe Approves First AI-Powered Medical App

Vera Rödel and Heinz Wiendl launched "Prof. Valmed", Europe's first approved AI-powered medical app, after an 18-month approval process, assisting medical professionals with diagnosis and therapy recommendations via PubMed, while emphasizing that the physician makes the final decision.

Europe Approves First AI-Powered Medical App

Vera Rödel and Heinz Wiendl launched "Prof. Valmed", Europe's first approved AI-powered medical app, after an 18-month approval process, assisting medical professionals with diagnosis and therapy recommendations via PubMed, while emphasizing that the physician makes the final decision.

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What were the key factors contributing to the approval of Europe's first AI-powered medical device, "Prof. Valmed"?

Prof. Valmed", a CE-certified AI-powered app assisting medical professionals, provides diagnosis and therapy recommendations by searching PubMed for up-to-date guidelines and research. Developed by Vera Rödel and Heinz Wiendl, it took 18 months to gain approval, highlighting the rigorous regulatory process for AI medical devices. The app is intended as a support tool, with final decisions remaining the physician's responsibility.

politico.eu

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May 8, 07:14

Apple to Appeal €500 Million EU Fine Under Digital Markets Act

Apple will appeal a €500 million EU fine for violating the Digital Markets Act, arguing the Commission spurned its compliance efforts and decided on the fine months before the official decision; the case will determine the extent of the Commission's guidance obligations under the DMA.

Apple to Appeal €500 Million EU Fine Under Digital Markets Act

Apple will appeal a €500 million EU fine for violating the Digital Markets Act, arguing the Commission spurned its compliance efforts and decided on the fine months before the official decision; the case will determine the extent of the Commission's guidance obligations under the DMA.

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How did Apple's approach to DMA compliance differ from Meta's, and what role did this play in determining the respective fines imposed by the European Commission?

The core issue is the extent of the Commission's obligation to guide companies toward DMA compliance before issuing fines. Apple argues the Commission offered little feedback on its proposals, leading to an unexpectedly large fine. This contrasts with Meta's experience, where proactive changes resulted in a reduced penalty.

Showing 229 to 240 of 731 results