In the absence of a self-regulatory mechanism for online gaming proposed by the Ministry of Electronics and Information Technology (MeitY) in April last year, multiple regulatory offshoots are emerging for the sector.These include laws being framed by states including Tamil Nadu and Karnataka to curb online real money gaming. At the central level, the Telecom Regulatory Authority of India (Trai) last month launched consultations on the proposed National Broadcasting Policy 2024, which included...
The government revoked its plan to mandate the Korea Certification (KC) mark for certain goods directly purchased from overseas on Sunday, as criticisms arose over the previously announced stringent safety measures.
Mistral, a French AI firm founded in 2023, won a 15 million euro, or $16 million, investment from Microsoft earlier this year.
A Tesla manufacturing plant in California has come under fire from local air regulators who say the electric carmaker has frequently released illegal amounts of air pollution. The Tesla manufacturing and assembly plant in Fremont has been cited for more than 110 air quality violations since 2019 — more than twice any other major facility in the Bay Area. Air district officials say the facility's two painting shops have been the source of uncontrolled releases of smog-forming pollution and toxic...
The government will make sure Britain sets the global standard for regulating space technology and exploration, giving this growing sector the clarity and certainty it needs to thrive, says Andrew Griffith As humanity’s quest for knowledge and exploration extends beyond the confines of Earth, we stand on the edge of a new era – one []
Most who responded to a survey by the Town of Kingsville on short-term rentals say they are in favour of the accommodations but they want the town to implement a licensing bylaw. The results of a survey of residents are to be presented to Kingsville’s committee of the whole May 13. More than 370 people […]
The US Securities and Exchange Commission (SEC) has filed a countermotion against Coinbase’s rulemaking petition for the crypto industry. In a brief submitted on May 10, the US regulator argues against Coinbase’s request stating there is no need for creating a regulatory framework for crypto assets in place of existing US securities laws. Related Reading: […]
The Financial Stability Oversight Committee (FSOC) is encouraging state and federal regulators and Congress to do more to enhance the resilience of nonbank mortgage companies (NMCs). The agency did so in a report released Friday (May 10) that also identifies risks in this sector, the FSOC said in a press release outlining the report. “We need further action to promote safe […]
Binance’s regulatory woes continue to mount as the world’s largest cryptocurrency exchange by trading volume has been fined C$6 million ($4.4 million) by Canada’s financial regulator, FINTRAC. The penalty was imposed due to Binance’s alleged failure to comply with money-laundering protections, specifically related to registering as a foreign money services business and reporting virtual currency […]
Ignoring hundreds of complaints by electricity customers from across the state, the California Public Utilities Commission voted unanimously Thursday to fundamentally change how electricity is billed by adding a new monthly fixed fee. In return for paying a mandatory $24.15 fee each month, consumers will pay a lower rate for each kilowatt of power they use. The commissioners, who are appointed by the governor, sided with the state’s three largest utilities by approving the proposal. They said by...
(The Center Square) — Florida utility regulators approved requests this week to cut customer rates for two of Florida's biggest electricity providers. The Public Service Commission held its monthly meeting Tuesday and approved Tampa Electric and Duke Energy Florida's requests to lower electricity rates, citing lower-than-expected fuel costs. Duke Energy customers using 1,000 kilowatt hours per month, can expect a $5.90 reduction in their monthly bills. Under state...
During the government meeting, Prime Minister Marcel Ciolacu denounced a deceptive practice by some merchants who reduced product weight while maintaining prices. He described it as a disguised price hike and urged control authorities to take immediate action. “I believe this is a form of consumer fraud. It is actually a camouflaged and economically unjustified […]