German Regulator Orders ‘KaratGold Coin’ Issuer to Cease Operations

The hammer is coming down again on the Karatbars ecosystem as German and South African regulators have taken separate actions over sales of a purportedly gold-backed cryptocurrency. Germany’s Financial Supervisory Authority (BaFin) disclosed Monday that it had issued a cease-and-desist order against Karatbit Foundation on Oct. 21 for issuing its KaratGold Coin without necessary licensing … Read more

Binance’s ‘Chinese Twitter’ Gets Blocked for Unknown Violations

Binance’s official account on China’s major microblogging website Weibo has been blocked. The account of the major global exchange was blocked on Nov. 13, purportedly due to violations of the site’s policies, Taiwan-based publication The China Times reported on Nov. 15. At press time, Binance’s Weibo page is blocked, displaying a notice that the account … Read more

CSConnect UK 2019: HSBC head stresses importance of tackling gender diversity

HSBC’s head of technology and cyber risk Rory Alsop tells FinTech Futures “the improvement only comes as they retire,” talking about the issue of gender diversity on banking boards which often sees them populated with older white males. This comes down to Alsop’s own morals on the subject of diversity, which is: “how do we … Read more

Microsoft Is ‘Strong Supporter’ Of California Consumer Privacy Act

Microsoft has promised to follow California’s privacy law throughout the United States after the regulation goes into effect on Jan. 1. The California Consumer Privacy Act (CCPA) gives consumers in California the right to access any and all personal data that a company has on them and request that it be deleted and not sold. … Read more

Google Employees Call For Pledge Not to Work With ICE

Hundreds of Google employees are calling on the company to pledge it won’t work with U.S. Customs and Border Protection or Immigration and Customs Enforcement. It’s the latest in a year full of political and social pushback from the tech giant’s workforce. A group of employees called Googlers for Human Rights posted a public petition urging the … Read more

Google’s Hate Speech Detection A.I. Has a Racial Bias Problem

A Google-created tool that uses artificial intelligence to police hate speech in online comments on sites like the New York Times has become racially biased, according to a new study. The tool, developed by Google and a subsidiary of its parent company, often classified comments written in the African-American vernacular as toxic, researchers from the … Read more

Thomson Reuters launches global regtech competition

Early stage start-ups in the legal, tax and regulatory space are invited to enter Thomson Reuters’ new global regtech competition, reports Jane Connolly. Thomson Reuters is offering its 450,000 global customers and cash prizes Open to seed or Series A majority founder-owned companies with business-to-business models, the competition will give entrants the opportunity to partner … Read more

Microsoft Will Continue Letting Workers Listen to Skype, Cortana Recordings

Microsoft has updated its privacy policy to disclose that human transcribers may listen to recordings of people using its Skype calling service and Cortana virtual assistant. The switch comes in reaction to recent criticism of Microsoft along with Google, Facebook, and Apple for using human transcribers to review audio quality of their voice products and … Read more