Tag Archives: regulators

Western regulators and the crypto industry have had a sometimes-adversarial relationship, with Senator Elizabeth Warren this week calling on Treasury Secretary Janet Yellen to impose new rules for the sector.  That perspective could risk the U.S. and other nations falling behind China, which has taken a more “holistic” approach, says Mohamed El-Erian, president of Queens’ College at Cambridge University and Allianz Chief Economic Adviser. “China is not waiting,” El-Erian told Yahoo Finance… Source link

Type “running shoes,” “best laptop” or “camping equipment” into Google from just about anywhere in the world and the top of the screen will show a carousel of ads from websites promoting products to browse and compare. Not in Turkey. Google eliminated those advertisements last year after Turkish antitrust officials ordered the company to make it easier for competing shopping websites to appear more prominently in the ads. The Turkish demands went further to crack down on Google’s… Source link

If U.S. regulators crack down on the controversial practice of payment for order flow, it may have one unintended consequence. Big trading outfits could become much larger and even more influential in markets, explains Interactive Brokers chairman and founder Thomas Peterffy.  “If they were to prohibit payment for order flow, what has to happen is you would have Citadel buy Robinhood and Schwab would buy Virtu, and the two sides would be put together into one company,” Peterffy said on Yahoo… Source link

(Reuters) – China’s cybersecurity watchdog suggested Didi Global Inc delay its initial public offering and urged it to review its network security, weeks before the Chinese ride-hailing giant went public, the Wall Street Journal reported on Monday, citing people familiar with the matter. It isn’t known whether Didi carried out its own review, according to the WSJ report. [https://on.wsj.com/3jKuGWx] But a person close to the company told the newspaper the company ultimately decided to go… Source link

The UK’s competition regulator, the Competition and Markets Authority (CMA), will collaborate with Google as it attempts to rework online ad targeting, the regulator and Google have announced. It comes as Google is attempting to phase out the use of third-party cookies for tracking and targeting users with ads and instead use a new set of technologies it’s calling Privacy Sandbox. In its announcement, Google said this is the first time regulators and technology companies have worked… Source link

TipRanks 3 Big Dividend Stocks Yielding at Least 8%; Analysts Say ‘Buy’ We’ll talk about dividend stocks, but we’ll get there through tax policy. The connection is simple: Government spending is going up, as exemplified by the $1.9 trillion COVID stimulus bill passed this month. Stimulative cash infusions into the economy are likely to boost consumer spending, and there are worries that the Biden Administration has no plans to pay for its increased spending. Several tax proposals made… Source link

(Bloomberg) — Wall Street banks grappling with the implosion of Bill Hwang’s investment firm spent Monday briefing U.S. regulators as Washington starts to dig into one of the biggest fund blowups in years. The Securities and Exchange Commission summoned the banks for hasty meetings on what triggered the forced sale of more than $20 billion of stocks linked to Hwang’s Archegos Capital Management, said people with knowledge of the matter who asked not to be named in discussing private… Source link

Alphabet Inc.’s GOOG, +1.26% Google is reducing the commission it charges developers that sell digital goods and services through its Play store, a move that comes amid increased regulatory scrutiny of the power tech giants wield through their app marketplaces. The company behind the world’s largest operating system, Android, said Tuesday that it would reduce service fee it collects from 30% to 15% on the first $1 million developers earn from its app… Source link

Text size Jackpongstock/Dreamstime.com I’ve always been skeptical about the push to sue, legislate, and regulate social media companies toward better… Source link

BEIJING (Reuters) -China’s financial regulators urged Ant Group on Sunday to outline a concrete plan as soon as possible to meet regulatory demands and fully understand the seriousness of the “rectification” work it needs to perform. The central bank, banking, securities and foreign exchange regulators urged Ant to rectify illegal financial activities, including in its credit, insurance and wealth management businesses, and regulate its credit rating business to protect personal information,… Source link