Draft Regulation for Buy-Now-Pay-Later (BNPL) Services in the UK
On October 17, 2024, the UK government published a draft regulation[1] consultation for BNPL, as it plans to regulate the BNPL sector. BNPL has become more popular as consumers seek an easy way of lending in recent years. The BNPL market in the UK is projected to grow from £29.85 billion ($38.76 billion) in 2024 […]
Canada Imposes New Policy on Streaming Services.
On June 4, 2024, the Canadian Radio-television and Telecommunications Commission (CRTC) in a significant move to bolster Canadian content creation, issued Broadcasting Regulatory Policy 2024-121. This Policy requires foreign streaming platforms, such as Netflix, to allocate 5% of their Canadian revenue to support and promote the production of local Canadian content.[1] The Policy which came […]
South Africa: Highlights of the National Data and Cloud Policy, 2024
South Africa is on the cusp of harnessing the power of data and cloud technologies in economic growth. This is why in line, with the Electronic Communications Act of 2005, the Department of Communications and Digital Technologies of South Africa unveiled the National Data and Cloud Policy on May 31, 2024. The policy is aimed […]
The Philippines SEC Cracks Down on Binance: A Warning to Crypto Moguls
The Philippines Securities and Exchange Commission (SEC) has taken decisive action against Binance. The SEC banned Binance for failing to obtain a license from the Commission. This move underscores the importance of adhering to government regulations to ensure smooth business operations. The SEC’s action didn’t stop at banning Binance. They requested Google and Apple to […]
Investigations of Vodafone Limited and Hutchison 3G UK Limited (Three) Merger
The UK’s Competition and Markets Authority (CMA) has started the second phase of its investigation into the proposed merger between Vodafone Limited and Hutchison 3G UK Limited (Three). These companies are the UK subsidiaries of Vodafone Group PLC and CK Hutchison Holdings Limited. This $19 billion merger faces scrutiny due to potential market impacts. The […]
Singapore Increases GST: Now What?
In Singapore, Goods and Services Tax (GST) rose from 8% to 9%. This change aims to address rising healthcare expenses. The government plans to use the additional revenue to fund healthcare services. Why the GST hike? Healthcare costs in Singapore keep rising. The aging population and expensive medical technology drive these costs up. The GST […]
AI Watch: Japan Follows EU And US To Regulate AI
Japan is gearing up to regulate generative AI, following the regulatory footsteps of the EU and the US. The country currently allows self-regulation based on strict AI guidelines. However, the Japanese government seeks a comprehensive AI regulation framework to mitigate risks associated with misinformation and criminal activities. Generative AI poses unique challenges and risks. These […]
EU New AML Measures
The EU pushes to strengthen its tool to combat money laundering and terrorist financing through a new law.
Is There Hope for AI Companies in Singapore?
AI companies in Singapore face a significant challenge: potential copyright infringement. The Copyright Act of Singapore, however, provides a possible defense through computational data analysis.
Apple Fined €1.8 Billion By EU for Being Unfair
The European Union’s antitrust authority has fined Apple Music €1.8 billion ($1.95 billion) for abusing its market dominance.
