Australia's Consumer and Competition Commission has sued two companies within Meta, the parent group of Facebook, Instagram and WhatsApp over crypto-ads by celebrities. The companies are Meta Platforms, Inc. and Meta Platforms Ireland Limited
The action is intended to establish that social media and other platforms are responsible for what appears there, something that all social media - and even online versions of established media have long fought against.
"Crypto ATMs offering cryptoasset exchange services in the UK must be registered with us and comply with UK Money Laundering Regulations). None of the cryptoasset firms registered with us have been approved to offer crypto ATM services, meaning that any of them operating in the UK are doing so illegally and consumers should not be using them."
Thus said the Financial Conduct Authority today after receiving the judgment in Gidiplus v The Financial Conduct Authority.
The statement below, from the UK government's website for the Department of Business sets out the immediate and short-term plans for, inter alia, the registration of foreign companies operating in the UK. The statement was published on 28th February 2022. The Bill was introduced to Parliament hours later.
Nigel Morris-Cotterill will publish a BLOG/cast on the companies registration portion of the Bill on 10th March 2022 at www.financialcrimebroadcasting...
The ACCC’s 2022/23 compliance and enforcement priorities include manipulative or deceptive advertising in the digital economy, environmental claims and sustainability, and disruptions to global and domestic supply chains.
If there was ever a unifying speech by an American President, this was probably it.
Only the most hard-line Republicans, determined to complain no matter what, will have much to say that doesn't support the vast majority of Biden's proposals. Yes, it was loaded with tacky rhetoric and tub-thumping and he lost his way from time to time but the general thrust of his speech was this: capitalism and social responsibility can live side by side and in doing so create a fairer and more wealthy society.
In a world where hundreds, even thousands, turn up in public spaces to protest against whatever is the current fancy, there is question that needs to be answered: why aren't the large protest movements that can drive such action encircling Russian missions around the world? Where are their apparently tireless keyboard warriors? How come they aren't driving trending hashtags across social media?
Is the answer that they are, in some way, beholden to Russia and its money?
It was in 2014, in Sochi, shortly after Russian-backed terrorists in Eastern Ukraine shot down Malaysia Airlines flight MH17 that Formula One granted Russian President Vladimir Putin a unique privilege: at the first Formula One race in Russia in modern times, he was allowed to go into the cool-down room and to talk to drivers, teams and officials. He had had special treatment throughout: drivers were required to come to the front of the grid and to stand for the Russian national anthem and he sat, in pride of place, next to the then undisputed boss of F1, Bernie Ecclestone. But the world didn't really care about one plane from a minor nation far away from the centres of commerce, industry...
US President Biden has signed a new Executive Order Blocking Property Of Certain Persons And Prohibiting Certain Transactions With Respect To Continued Russian Efforts To Undermine The Sovereignty And Territorial Integrity Of Ukraine (the capitals are exactly how the US department of the Treasury wrote this in its notice).
OFAC has issued Ukraine General License (sic) Numbers 17, 18, 19, 20, 21 and 22.
Today, the European Bank of Reconstruction and Development has issued a loan of just under 6.5 million euros to a company that buys bad and doubtful debt from banks. It's a token amount in the great scheme of things. The big question is what comes next?
