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European consumer organization files complaint against social media platforms over misleading promotion
Jun 09,2023
The European Consumer Organization (BEUC) filed a complaint with the European Commission and consumer authorities against Instagram, YouTube, TikTok, and Twitter. It alleges that these platforms facilitate the 'misleading' promotion of cryptocurrenci...
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The European Commission has published the preliminary results of its sector inquiry on IoT devices for consumers
Jun 09,2023
The European Commission has published the preliminary results of its competition sector inquiry into markets for IoT-related products and services for consumers in the EU. The preliminary report covers the following topics: (1) the characte...
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EU Parliament's Consumer Protection Committee on how the EU can protect consumers online
Jun 08,2023
The Vice-Chair of EU Parliament's Internal Market and Consumer Protection committee, Maria Grapini has stated that since more people are shopping online in the advent of Coronavirus pandemic, e-commerce platforms ought to behave ethically and in a so...
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European Parliament envisions European Internet for drafting Digital Services Act
Jun 08,2023
European Parliament's committee on the Internal Market and Consumer Protection issued a report in preparation for the new Digital Services Act to govern online services in the EU. The report lays out predictions for the nearest ten years and suggests...
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eCommerce: how the EU can protect consumers online
Jun 08,2023
The Vice-Chair of EU Parliament's Internal Market and Consumer Protection committee, Maria Grapini has in an article, expressed her opinion that since more people are shopping online in the advent of Coronavirus crises, e-commerce platforms ought to ...
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Meta to introduce new overview for users of its platforms, Germany's competition agency claims
Jun 07,2023
According to Germany's competition regulatory agency, Meta is planning to introduce a new overview for its platforms, Facebook and Instagram, users in a step towards allying anti-trust concerns. The new feature will allow users to decide whether to u...
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Cryptocurrency exchange Coinbase sued by the SEC while the task force of 10 US states regulators investigating
Jun 06,2023
One day after the US Securities and Exchange Commission (SEC) accused Binance for securities fraud, the Coinbase, a largest US based cryptocurrency exchange, is sued by the SEC. The SEC alleges that cryptocurrency exchange has failed to register its ...
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EU reached an agreement to update its telecoms rules
Jun 06,2023
The European Parliament and the Council of the European Union reached a political agreement to update the European Union's telecoms rules, announced the European Commission. The new European Electronic Communications Code will modernise the current E...
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The SEC accuses Binance of mishandling customer funds and lying to regulators
Jun 05,2023
The US Securities and Exchange Commission (SEC) has accused Binance, the world's largest cryptocurrency exchange, of mishandling customer funds and lying to US regulators and investors. According to the SEC's 136-page complaint, company mixed billion...
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BEUC joins EU antitrust case against Apple
Jun 02,2023
The European Consumer Organisation BEUC joined as an interested third party in the European Union antitrust case against Apple. The European Union claims that Apple distorts competition in the music streaming market. The case can lead to a fine of as...
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EU issues guidelines on the sharing economy
Jun 02,2023
The European Union has issued new guidelines on the sharing economy, aimed at reaping the benefits of the new business models, and addressing concerns over the uncertainty of rights and obligations arising from the sector. The non-binding guidelines,...
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EU cautions against banning Uber and Airbnb
Jun 01,2023
Governments should not ban services like Uber or Airbnb, except in last resort, the European Union says in its new guidelines on the sharing economy, which will be released on 2 June. Restrictions on the 'sharing economy' should be justified and prop...
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