EU creates ‘hit list’ of Big Tech targets for new regulation: Report

  • EU lawmakers are drawing up a “hit list” of Big Tech companies to target with new regulation, sources told the Financial Times.
  • The list will have up to 20 companies on it, and is likely to include big players such as Facebook and Apple, the sources said.
  • The EU is set to publish proposals for new technology laws in December.
  • Visit Business Insider’s homepage for more stories.

EU lawmakers are writing a “hit list” of Big Tech companies to target with tougher regulation, sources familiar with the matter told the Financial Times.

The sources did not say which names are on the list so far, but said it will feature up to 20 large tech companies, and that it is likely to include Silicon Valley behemoths such as Facebook and Apple.

Under draft plans for new legislation, the companies named on the list will have to abide by stricter regulations

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U.S. Rep. Ken Buck Calls for ‘More Enforcement and Less Regulation’ of Big Tech on Cheddar

With big tech under a microscope in Washington, Democrats and Republicans agree that laws need to be modernized in order to promote fair competition, particularly for small businesses that tend to get snuffed out by the giants, Rep. Ken Buck (R-Colo. 4th District), told Cheddar.

Members of both parties have released reports that look to establish pathways to breaking up tech giants, which they consider monopolies, and level the playing field in online marketplaces.

According to Buck, who wrote one of those reports, the issue becomes partisan when deciding how to regulate the big tech industry, an issue he said would be uncertain under a Joe Biden- Kamala Harris administration.

“The Trump administration has been fairly aggressive in this area and partly because conservatives believe that Google and Facebook and Twitter are biased against conservative views and have suppressed conservative views…,” Buck said.

Also, Senator Harris comes from the Bay
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Artificial Intelligence Technology Solutions Announces Regulation Crowdfunding for Robotic Assistance Devices Mobile Subsidiary

Artificial Intelligence Technology Solutions, Inc., (OTCPK:AITX), is pleased to announce that its majority owned subsidiary Robotic Assistance Devices Mobile, Inc. (RAD-M) has begun a short private placement offering in accordance with Regulation Crowdfunding (Reg. CF) adopted by the U.S. Securities and Exchange Commission (SEC) through TruCrowd. Full details can be found here: https://us.trucrowd.com/equity/offer-summary/RAD-M.

RAD-M announces the launch of its dedicated website https://investinradm.com/ that identifies that letters of intent for pre-orders worth more than $16 million in total potential revenue of ROAMEO units have been received from a variety of dealers and end users including Fortune 500 companies.

“I believe this is a great opportunity for a wide variety of investors and enthusiasts to join the #RADArmy as we continue to define the Autonomous Remote Services industry that we expect will join manned guarding and physical security as a multi-billion dollar industry,” said Steve Reinharz, Founder and President of RAD-M. “End

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Crypto adoption has no future without regulation and law enforcement

The basis of any exchange of value is trust. The more two parties trust each other, the more they will feel confident engaging in transactions. Not just engaging in a high volume of transactions, but higher value transactions, too.

Bitcoin (BTC) and other cryptocurrencies are certainly accomplishing a lot when it comes to creating a decentralized environment where the ability to trust another party is taken out of the equation by a blockchain. Hardcore enthusiasts who already understand this are the ones most willing to reach into their coffers and pour money into the crypto revolution. The truth is, though, that the average consumer still isn’t at that point yet.

Some libertarians probably don’t want to hear this, but in order for the crypto world to reach critical mass, it needs much broader adoption, and the average consumer is going to need another layer of protection in place. They need

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Comprehensive European Regulation For Crypto Assets Has Been Presented

The European Commission has presented the so-called MiCA regulation. As a result, this creates a far-reaching and harmonized regulation on the European level for crypto assets, including many related services. What can be potentially challenging for startups also contains enormous opportunities in terms of professionalization and growth for the entire crypto ecosystem. — Authors: Philipp Sandner, Johannes Blassl

In September 2020, the European Commission presented a draft for a comprehensive regulation of “crypto assets” (digital, blockchain-based assets), which is expected to come into force at the end of 2022. The regulation “Markets in Crypto-assets” (“MiCA”), which is directly applicable in all Member States, describes the most extensive regulation of digital assets to date.

Various crypto assets: From Bitcoin over Libra to the blockchain-based Euro

Crypto assets such as Bitcoin and Ethereum are just as much in the focus of the new regulation as Facebook’s project Libra and the “utility tokens”

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