TikTok Accused of Breaching EU Laws Over Targeted Advertising Policy

Rights activists on Tuesday accused social media giant TikTok of breaching EU laws by co-opting users into sharing their data for targeted advertising. TikTok said it would change its policy next week to allow data to be gathered from over-18s in Europe whether or not they had consented, claiming the move was allowed under Europe’s […]

UK Proposes to Strengthen Internet Laws to Fight Russian Disinformation

Britain is proposing a new law that will require social media companies to proactively tackle disinformation posted by foreign states such as Russia, the government said on Monday. The law would tackle fake accounts on platforms such as Meta‘s Facebook and Twitter that were set up on behalf of foreign states to influence elections or […]

What You Need to Know About Crypto, NFT Laws in India

Over the last few months, there have been many discussions (and a lot of confusion) around crypto tax in India. In this post, I will briefly explain all the laws that apply to cryptocurrencies in India. Before we begin, let’s quickly understand what Non-Fungible Tokens (NFTs) are. NFTs are digital proof-of-ownership of an underlying asset […]

Social Media Should Act in Accordance With Indian Laws: MeitY

The Indian government’s proposal to set up a grievances appellate panel follows several complaints that social media platforms are not adequately redressing the issues raised by the people, Union Minister Rajeev Chandrasekhar said on Thursday. The Minister of State for Electronics and IT held an open house discussion with stakeholders on a draft notification to […]

India Crypto Taxation Laws Incoming, RBI Outlines CBDC Issues Before IMF

The month of July could bring along some reforms for the crypto industry in India, essentially aiming at effective tax administration of virtual digital assets (VDAs). India’s Central Board of Direct Taxes (CBDT) has been assigned with the task of framing appropriate guidelines, that will also provide clarification around what qualifies as a VDA. While […]

UK Regulators to Bring Risk Management Laws In Case Stablecoin Projects Fail

The government of the UK has released a consultation paper outlining laws to mitigate risks associated with stablecoin projects that fail. The development comes after the recent crash of the Terra ecosystem. Now that UK has recognised stablecoins as a legitimate payment alternative, it aims to safeguard its citizens against financial risks that are generally […]

Senator Cynthia Lummis Spills Beans on What to Expect from US’ Crypto Laws

US Senator Cynthia Lummis has been working on a pro-crypto regulatory framework that will lay out the foundation of US’ awaited crypto laws. The country, led by President Joe Biden, is looking to bring virtual digital assets under a legal framework, similar to the ones that govern the traditional assets there. As part of her […]

How Will New Labour Laws Change Office Working Hours If Implemented From July 1

Working hours and weekly offs likely to increase from July 1 There will likely be a significant change in office working hours, an employee’s provident fund (EPF) contributions and in-hand salary from July 1. Office hours and PF contributions are likely to increase, while in-hand salary will likely decrease. The government is working to implement […]

Former Xiaomi India director under investigation for breaching foreign exchange laws

Manu Kumar Jain, former managing director of Xiaomi India, is under investigation over possible breach of India’s foreign exchange laws, Reuters reveals, quoting two sources with direct knowledge. The executive, currently global VP and residing in Dubai, UAE, is already in India but did not respond to a request to comment. Manu Kumar Jain, Xiaomi […]

Tax Laws Slash Crypto Trading Volumes in India: Crebaco

The volume of cryptocurrency trading in India has taken a hit after tax laws for digital assets went into effect on April 1. CoinDCX and WazirX among other Indian crypto exchanges have witnessed a significant drop in crypto trading volumes, a report released by Mumbai-based research firm Crebaco has claimed. As announced by Finance Minister […]

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