Starlink satellite Internet could reach India soon, said Elon Musk, CEO of SpaceX, that regulatory approval is underway

Starlink satellite Internet may soon reach India, with SpaceX founder Elon Musk touting its current status on Twitter. Starlink is a program initiated by SpaceX to provide Internet connectivity using a constellation of satellites, the first two of which were launched in February 2018. It is currently available in 14 regions including Australia, Canada, Chile, … Read more

China’s Regulatory Enforcement Summary: From Bitcoin to Celebrity Fan Clubs – Nothing is Off the Table

China has launched a multifaceted crackdown on its tech companies, leaving startups and decades-old companies operating in a new and uncertain environment. Here are the sectors that are facing regulatory pressure: game companies Chinese regulators have reduced the amount of time players under 18 can spend online gaming to one hour of gaming on Fridays, … Read more

Apple, Google and WeChat Digital Wallets may face new regulatory laws in Australia

The Australian government is considering new laws that would tighten regulation of digital payment services by tech giants like Apple and Alphabet’s Google. Treasurer Josh Frydenberg said he would “carefully consider” this and other recommendations in a government-commissioned report on whether the payments system has kept pace with advances in technology and changes in consumer … Read more

Beijing holds stakes in ByteDance, Weibo’s domestic entities amid regulatory crackdown, records show

The Chinese government has taken over stakes in Chinese entities owned by technology companies ByteDance and Sina Weibo, corporate records showed, amid growing regulatory crackdown on the sector. News of the stakes and board seat was first reported by The Information on Monday. WangTouZhongWen (Beijing) Technology, which is owned by three Chinese state-owned entities, including … Read more

Binance CEO Changpeng Zhao says the top priority is to hire more regulatory staff

Binance is on a hiring spree to add compliance teams as the company faces US regulatory scrutiny on money laundering and tax evasion. Changpeng “CZ” Zhao, CEO of the world’s largest cryptocurrency exchange, said his #1 priority is to hire people with regulatory and compliance experience. The company also seeks regular meetings with US authorities. … Read more

Binance Restricts Money Laundering Checks After Regulatory Pressure

The leading cryptocurrency exchange, Binance, said on Friday that it will require more stringent background checks on clients to bolster anti-money laundering efforts, with immediate effect. Binance, the world’s largest platform, has come under pressure in recent months from regulators around the world who are concerned about the potential for money laundering encryption and the … Read more