Category: crackdown
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Telegram plans child abuse crackdown following Pavel Durov’s arrest in Paris
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The UK-based Internet Watch Foundation (IWF) said on Wednesday that the messaging app Telegram will deploy new tools to prevent the spread of child sexual abuse images after collaborating with the Internet Watch Foundation (IWF). The social media platform, which claims to have more than 950 million monthly active users,…
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Telegram plans child abuse crackdown following Pavel Durov’s arrest in Paris
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The UK-based Internet Watch Foundation (IWF) said on Wednesday that the messaging app Telegram will deploy new tools to prevent the spread of child sexual abuse images after collaborating with the Internet Watch Foundation (IWF). The social media platform, which claims to have more than 950 million monthly active users,…
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Telegram plans child abuse crackdown following Pavel Durov’s arrest in Paris
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The UK-based Internet Watch Foundation (IWF) said on Wednesday that the messaging app Telegram will deploy new tools to prevent the spread of child sexual abuse images after collaborating with the Internet Watch Foundation (IWF). The social media platform, which claims to have more than 950 million monthly active users,…
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Half of firms face delisting in secret owners crackdown
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More than half of the 794,741 companies registered in Kenya face the risk of delisting due to their failure to disclose the identities of secret shareholders who control more than 10% of the companies’ shares. As of last week, 50.28 percent or 399,595 registered businesses had not disclosed details, including…
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Ireland To Draft Urgent Crypto Laws Ahead Of EU’s Crackdown On Money Laundering
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Ireland appears to be taking rapid action to implement new cryptocurrency regulations in anticipation of upcoming EU anti-money laundering (AML) and counter-terrorism financing (CTF) standards. Finance Minister Jack Chambers Announce to the Cabinet that urgent legislation will be drafted to update the country’s cryptocurrency regulations before new EU laws come…
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Ireland To Draft Urgent Crypto Laws Ahead Of EU’s Crackdown On Money Laundering
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Ireland appears to be taking rapid action to implement new cryptocurrency regulations in anticipation of upcoming EU anti-money laundering (AML) and counter-terrorism financing (CTF) standards. Finance Minister Jack Chambers Announce to the Cabinet that urgent legislation will be drafted to update the country’s cryptocurrency regulations before new EU laws come…
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West Ham chairman blames government tax crackdown for super-rich exodus ahead of budget
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David Sullivan, the chairman of West Ham United and one of Britain’s richest individuals, has criticized the government’s tightening of tax rules for non-residents, blaming the changes for driving the wealthy out of the country. Sullivan, who is the football club’s largest shareholder, has cut the asking price for his…
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SEC’s Chairman Crypto Crackdown Criticized By Mark Cuban
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Billionaire cryptocurrency advocate Mark Cuban has criticized the head of the US Securities and Exchange Commission (SEC) for his crackdown on the industry, arguing that FTX and Three Arrows Capital (3AC) would still be in business if not for the US regulator. SEC Chairman Under Fire for Cryptocurrency Campaign Mark…
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Government targets large firms in crackdown on late payments to small businesses
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The UK government is set to introduce new measures aimed at tackling the problem of late payments by large companies to small businesses, which contributes to the collapse of 50,000 small and medium-sized businesses every year. On average, late payments cost small businesses £22,000 a year, according to research by…
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Crypto ‘Pig Butchering’ Scams Targeted In CFTC’s New Joint Crackdown
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In an effort to combat the growing threat of Bitcoin fraud known as “pig slaughter,” the Commodity Futures Trading Commission has issued a announce a coordinated effort With other federal and commercial organizations. In doing so, the agency will work with a variety of federal and private groups—not just the…
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Detained China banker’s wealth drops $750M amid Beijing crackdown
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In the boom years when China produced billionaires Every two daysBanking money maker Bao Fan almost achieved this feat himself. His skill in advising tech giants like Alibaba Group Holding Ltd. has made him one of the country’s most sought-after financiers, helping him amass a fortune worth more than $800…
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Biden’s Crypto Crackdown Hits Custodia Bank: Workforce Reductions Announced
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In response to the Biden administration’s intense scrutiny of the crypto industry, Custodia Bank, a prominent Wyoming-based financial institution that caters to crypto businesses, recently underwent a major restructuring. like Reported Custodia Bank decided on Thursday to lay off nine of its 36 employees, in a move aimed at preserving…
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Biden’s Crypto Crackdown Hits Custodia Bank: Workforce Reductions Announced
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In response to the Biden administration’s intense scrutiny of the crypto industry, Custodia Bank, a prominent Wyoming-based financial institution that caters to crypto businesses, recently underwent a major restructuring. like Reported Custodia Bank decided on Thursday to lay off nine of its 36 employees, in a move aimed at preserving…
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HMRC recovers £70m in tax crackdown on footballers and agents
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HMRC has recovered almost £70m of unpaid tax from footballers, agents and clubs over the past year as part of a crackdown on tax avoidance schemes in the sport. This initiative has led to investigations being launched into 20 football clubs, 83 players and 21 agents since April 2023. HMRC’s…
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Venezuela Bans Binance, X In Crackdown Amid Election Turmoil
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Venezuela, a country in the throes of a political and economic crisis marked by hyperinflation and a depreciating bolivar, has taken drastic measures to restrict access to various internet platforms, including leading cryptocurrency exchange Binance and social media platform X (formerly Twitter). The measures come in the wake of a…
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USDOJ tells court to reject TikTok challenge to crackdown law By Reuters
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By David Shepardson The U.S. Justice Department late Friday asked a U.S. appeals court to dismiss legal challenges to a law requiring Chinese company ByteDance to divest TikTok’s U.S. assets by Jan. 19 or face a ban. “The serious national security threat posed by TikTok is real,” the department said.…
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Malaysia’s “Ops Token” Crackdown: Uncovering Crypto Tax Evasion
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In an important step to combat tax evasion in the fast-growing cryptocurrency sector, the Inland Revenue Board (IRB) of Malaysia, in collaboration with the Royal Malaysian Police and CyberSecurity Malaysia (CSM), has… A special operation was launched It has the code name “Ops Token”. This coordinated effort aims to detect…
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Families Rush to Transfer Property Amid Fears of Labour’s Inheritance Tax Crackdown
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Wealthy landowners are hastily transferring their estates to their children ahead of the general election, driven by fears that a Labor government may tighten inheritance tax breaks. Concerns about potential tax bills have prompted many to speed up property transfers, said Joseph Adonis, a partner at Moore Kingston Smith and…
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Kenyans ditch WhatsApp after crackdown on clone apps
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Thousands of Kenyans have stopped using popular instant messaging app WhatsApp following a crackdown on cloned apps, allowing Facebook to be the most used social media platform in the three months to March. Latest data from the Communications Authority of Kenya (CA) reveals that WhatsApp usage fell by 0.3 percent…
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Robinhood Crypto Revenue Triples Amid SEC Crackdown
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The popular millennial trading platform released its earnings report on May 8, beating analysts’ estimates. According to the first quarter resultsRobinhood reported record revenue of $618 million, up 40% year over year. Additionally, revenue from cryptocurrencies rose 232% to $126 million. “Transaction-based revenue increased 59% year-over-year to $329 million, primarily…