Category: Regulator
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Grab’s deal to buy Trans-cab could reduce competition, Singapore regulator says By Reuters
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(Reuters) – Singapore’s competition watchdog has asked car rental firm Grab and Transcab to submit solutions to address competition concerns after last year’s deal to buy the taxi firm. Grab is one of the city-state’s largest ride-hailing companies, with the deal for Transcab reportedly worth around S$100 million (US$74 million).…
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Regulator signals nod for expansion of Leviathan production
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The Petroleum Commissioner at the Ministry of Energy and Infrastructure has indicated to the partners in the Leviathan offshore natural gas field that they will be allowed to significantly expand production, from 12 billion cubic meters to 21 billion cubic meters. This is not yet an export permit, but rather…
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Alberta regulator projects 17 per cent growth in oilsands production by 2033
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Breadcrumb links BMN Energy BMN Business Article writer: Canadian Press Amanda Stevenson Posted on June 24, 2024 • 3 minutes read You can save this article by registering for free here. Or log in if you have an account. The Alberta Energy Regulator says it expects oil sands production in…
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Crypto firm Consensys says US regulator has closed inquiry into Ethereum 2.0 By Reuters
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(Reuters) – The U.S. Securities and Exchange Commission has closed its investigation into the Blockchain 2.0 protocol, cryptocurrency company ConsenSys said in a post on social media platform X late on Tuesday. The company filed a lawsuit seeking an injunction against the US Securities and Exchange Commission in April over…
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Major Milestone: Hong Kong Regulator Approves 11 Crypto Exchanges To Operate In The City
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Hong Kong’s Securities and Futures Commission (SFC) recently granted in-principle approval to 11 cryptocurrency exchanges to continue operating in the city. This marks the first step towards the issuance of Virtual Asset Trading Platform (VATP) licenses since 2022. The move comes as Hong Kong aims to establish itself as a…
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Worldcoin’s Biometric Data Collection Violates Privacy Laws: Hong Kong’s Regulator
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The controversial Worldcoin project has faced another setback. Hong Kong’s privacy regulator, the Office of the Privacy Commissioner for Personal Data (PCPD), has ordered Worldcoin to cease all operations in the territory, citing that its practices violate local privacy regulations. The PCPD issued a statement this week revealing that Worldcoin…
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UK Payment Regulator Faults Visa and Mastercard for Fee Hikes
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The UK’s payments regulator has raised concerns about sharp increases in fees charged by Visa and MasterCard to retailers, highlighting a lack of competitiveness in the payment card market, Reuters reported. Despite the significant increase in fees, there is little evidence that these costs have led to improved services. Consequently,…
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UK Payment Regulator Faults Visa and Mastercard for Fee Hikes
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The UK’s payments regulator has raised concerns about sharp increases in fees charged by Visa and MasterCard to retailers, highlighting a lack of competitiveness in the payment card market, Reuters reported. Despite the significant increase in fees, there is little evidence that these costs have led to improved services. Consequently,…
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Belgian Regulator Alerts on Clones of Two Popular Trading Brands
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Vmas: 24 | catch a glance Vmas: 24 | catch a glance Vmas: 24 | catch a glance Vmas: 24 | catch a glance Vmas: 24 | catch a glance Vmas: 24 | catch a glance Here’s a sneak peek at FMAS:24’s vibrant atmosphere! Join us at Africa’s premier financial…
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Regulator signals banks to keep dividends low
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Israeli banks generally distribute 40% of their quarterly profits, but this percentage is again expected to be cut in half. Banks will not return to distributing profits according to their usual profit distribution policies, and will once again be content with distributing reduced profits. Superintendent of Banks Daniil Hahiachvili sent…
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Regulator signals banks to keep dividends low
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Israeli banks generally distribute 40% of their quarterly profits, but this percentage is again expected to be cut in half. Banks will not return to distributing profits according to their usual profit distribution policies, and will once again be content with distributing reduced profits. Superintendent of Banks Daniil Hahiachvili sent…
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Binance, KuCoin Cleared by India’s Anti-Money Laundering Regulator
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India’s Financial Intelligence Unit (FIU) has registered Binance and KuCoin, months after banning the cryptocurrency exchanges from operating illegally, Coindesk reported. While KuCoin paid a $41,000 fine and resumed operations, Binance is awaiting a penal decision after a hearing with the Financial Intelligence Unit. Enhance credibility Vivek Agarwal, head of…
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EU Regulator Considers Approving Bitcoin for UCITS Products
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The European Securities and Markets Authority (ESMA), the European Union’s financial regulatory body, is review Whether Bitcoin will be allowed into the region’s €12 trillion mutual fund market remains to be seen. JUST IN: ?? EU Securities Authority is exploring the possibility of an addition #Bitcoin And exposure to cryptocurrencies…
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FDIC investigation finds sexual discrimination, harassment at bank regulator – reports
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Alex Wong/Getty Images News An investigation by a law firm found that sexual harassment, bullying and discrimination had been ingrained at the Federal Deposit Insurance Corporation for years, and the report questioned Chairman Martin Gruenberg’s leadership of the regulator, according to media reports. The report is expected to be released…