Web-connected devices may have to meet new EU cybersecurity rules

Providers of internet-connected technology — from Apple iPhone software to baby monitors — will have to meet new cybersecurity requirements in the European Union or face fines and possibly have the product taken off the market, according to a draft proposal seen by Bloomberg. New rules from the European Commission called the Cyber Resilience Act, […]

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Why are regulators swooping down on stablecoins?

As regulators train their sights on stablecoins, what should people know about this asset class As regulators train their sights on stablecoins, what should people know about this asset class The story so far: In early July, the Financial Stability Board (FSB), a body which advises major economies on international finance, promised to push for stablecoin […]

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Amazon offers concessions to head off European Union anti-trust case

The U. S. online retail giant offered to make a number of commitments to ease competition concerns, and the European Commission, the 27-nation bloc’s top antitrust enforcer, said it will now seek feedback on them from “interested parties”. The U. S. online retail giant offered to make a number of commitments to ease competition concerns, […]

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European Commission chief Ursula von der Leyen warns of danger of complete cut-off of Russian gas

“It is obvious: [Russian President Vladimir] Putin continues to use energy as a weapon. This is why the Commission is working on a European emergency plan,” European Commission chief told legislators in Strasbourg, France. “It is obvious: [Russian President Vladimir] Putin continues to use energy as a weapon. This is why the Commission is working […]

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