Eu Laws

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  Meta To Ban Political Advertisements In EU From October, Cites Legal Issues

  Meta Platforms will end political, electoral, social issue advertising on its platform in the European Union in early October because of the legal uncertainties due to EU rules targeting political advertising, the US social media company said.

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  Will The EU Delay Enforcing Its AI Act?

  With less than a month to go before parts of the European Union's AI Act come into force, companies are calling for a pause in the provisions and getting support from some politicians. European companies have urged the AI act to be delayed by years.

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  Google Facing at Least EUR 12 Billion in Civil Claims Across Europe

  Google is facing at least EUR 12 billion (roughly Rs. 1,13,259 crore) in damage claims from dozens of price comparison websites across the European Union. The complaints blame Google for stealing their customers. Google denies that any of the European civil suits have merit.

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  Google to Enforce MiCA Compliance for Crypto Ads in the EU With Stricter Policy

  Google is set to update its crypto-related advertisement policies to align with the MiCA regulations in the EU. It said only MiCA-registered crypto exchanges and wallets will be allowed to advertise their services and offerings through the search engine giant starting April 23.

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  Google, Apple Hit by Twin EU Rebuke Amid Big Tech Crackdown

  The European Commission chastised Google for allegedly breaching the bloc’s landmark Digital Markets Act by favoring in-house services across its sprawling search empire and for preventing app developers from steering consumers to offers outside of its Play Store. Meanwhile, Apple was told it must loosen the shackles on its prized iPhone operatin...

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  Apple, Meta Said to Face Modest Fines Over DMA Breaches in EU

  Apple and Meta Platforms are set to face modest fines for allegedly breaching the DMA acts. The EU antitrust enforcer is focused on making sure the companies comply with the law rather than sanctioning them, the sources said, explaining the rationale for modest fines.

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  ESMA Proposes Staff Assessment Guidelines for Crypto Firms Under MiCA Regulations

  The EU's ESMA has released a proposal of suggested guidelines to help crypto firms assess the competence requirements for their staff members. By introducing this step, the regulatory agency said, it wants to ensure that only people with the right risk-and-benefit knowledge on crypto get to engage with investors and help them make informed decision...

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  BlackRock Said to be Preparing to Launch Bitcoin Exchange-Traded Product in Europe

  BlackRock is gearing up to launch a bitcoin exchange-traded product in Europe. The product will likely be domiciled in Switzerland, a source told Reuters. As of now, the asset management firm has neither confirmed nor denied the reports.

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  Bitpanda, OKX, Crypto.com Acquire Licences in EU as MiCA Laws Attracts Web3 to Region 

  Crypto exchanges OKX and BitPanda have secured licences in the EU region, making their operations legally compliant in 30 countries that comprises the European Economic Area (EEA). While OKX has received its licence in Malta, Bitpanda bagged its MiCA licence in Germany. 

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  Hong Kong-Based HashKey Obtains VASP Licence in Ireland to Comply With EU's AMLD5

  The Central Bank of Ireland has granted the licence of a Virtual Asset Service Provider (VASP) to the HashKey exchange, giving it legal permissions to offer a variety of crypto-related services in the country.

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  Georgia Signs Into New Law Bill Despite Warnings, EU Thinks Its Queerphobic

  The speaker of Georgia's parliament on Thursday signed into law a bill similar to Russian legislation that curbs the rights of LGBTQ people, despite warnings from the EU.

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  Meta Will Not Immediately Join EU's AI Pact Ahead Of New Law

  Meta Platforms will not immediately join the European Union's AI Pact, a company spokesperson said on Tuesday. The pact is a temporary measure before the bloc's AI Act comes into full

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  Qualcomm's Antitrust Fine Confirmed by EU Court With Minor Reduction

  Europe's second-highest court upheld an antitrust fine against Qualcomm, reducing it marginally. The fine was levied by the European Commission in 2019, which accused Qualcomm of selling chipsets below cost from 2009 to 2011, to undermine British phone software company Icera.

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  Google Loses Fight Against $2.7 Billion EU Antitrust Fine

  Google on Tuesday lost its fight against a 2.42 billion euro ($2.7 billion or roughly Rs. 22,673 crore) fine levied by EU antitrust regulators seven years ago. CJEU judges noted that EU law does not sanction the existence of a dominant position, but its abusive exploitation.

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  Telegram Founder Arrested: The Global Rise Of Libertarian Chat App

  The boss of social media platform Telegram has been arrested in France, accused of allowing the sharing of illegal content.