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Big Tech Faces Regulation Reckoning As 2021 Dawns

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As reported in this space , the DSA and DMA cover online marketplaces, social media and other platforms. The watchdog would be known as the Digital Markets Unit. Divestitures In The United States — And Abroad? . The acts had been widely anticipated and give new frameworks for commerce and content.

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France’s ‘Digital Tax’ On Tech Firms Passes

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Even with the United States announcing it would look into a proposed “digital tax” in France, the country is moving forward with the measure. The country’s Senate has approved the tax despite the threat of an investigation from the United States, according to 9 to 5 Mac.

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TRENDING: How Credit Unions Give Digital The Personal Touch

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Advanced technology is increasingly raising the stakes of how CUs should operate, with members coming to expect the instant payments and slick mobile interfaces that large banks and FinTechs have made standard. Deep Dive: How CUs Leverage Social Media. Credit unions (CUs) are facing an ever-shifting financial services landscape.

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With Terrorists And Scammers Lurking, Is A Crypto Storm Looming?

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Across the globe, terrorists and criminals are leveraging cryptos in what is gearing up to be a significant national security threat to the United States. That’s according to the U.S.

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US Treasury: Taxes On Digital Companies Are Discriminatory

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Treasury’s top international tax official, called the taxes “ill-conceived,” and said the better option was to go after tax reform internationally at the Organisation for Economic Co-operation and Development ( OECD ). The United States opposes any digital services tax proposals, whether they be French or U.K.,” Harter said.

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Crypto Regulation To Tighten Scrutiny On Money Laundering

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Amid the announcement of a new cryptocurrency – that would be Libra – the Financial Action Task Force (FATF), which operates as global regulatory firm based in Paris with a membership roster of countries such as China and the United States, has said it will boost its examination of digital currencies with an eye on money laundering.

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Retail Pulse: Kohl’s To Curate Brands With Facebook; Domino’s Rolls Out eBike Tie-Up

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Brick-and-mortar retailers are teaming up with social media platforms to curate labels for their stores and their websites. The retailer also plans to team with Facebook on brand curation starting next year — “identifying and engaging with brands that have built a strong online community on the social media platform.”.

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