South Korean Regulator Cracks Down on Chinese E-Commerce Platforms
In a significant move, South Korea’s Fair Trade Commission (FTC) has issued corrective orders affecting two prominent Chinese e-commerce platforms, AliExpress and Temu. This decision, announced recently, addresses an array of unfair terms and conditions impacting consumer rights within South…
FTX Europe’s License Suspension Extended: What This Means for Clients and the Crypto Market
The ongoing turbulence surrounding FTX’s European branch has taken another significant turn. The Cyprus Securities and Exchange Commission (CySEC) has extended the suspension of FTX Europe’s license for an additional six months, pushing the deadline to May 30, 2025. This…
South Korea Fines Meta $15.7 Million for Privacy Violations
In a significant ruling that underscores the serious implications of data privacy violations, South Korea’s data protection authority has imposed a fine of 21.62 billion won (approximately $15.67 million) on Meta Platforms, the company behind Facebook. This decision was driven…
TikTok Faces Lawsuit in France After Teen Suicides Linked to Platform
In a significant legal move, seven families in France are suing TikTok, alleging that the platform’s algorithm has exposed their teenage children to dangerous content. Tragically, this exposure is claimed to have contributed to the suicides of two 15-year-olds. Filed…
ACCC Takes Legal Action Against Optus for Unconscionable Sales Practices
The Australian Competition and Consumer Commission (ACCC) has taken a significant step by filing a lawsuit against Optus, a prominent telecommunications provider in the region, accusing the company of ‘unconscionable’ conduct in its sales practices. This lawsuit sheds light on…
### Temu Under Investigation by the European Union: A Look into E-Commerce Compliance
Chinese online retailer Temu is currently facing scrutiny from the European Union (EU) for potentially failing to curb the sale of illegal products and prevent rogue traders on its platform. This inquiry aligns with the EU’s enforcement of the Digital…
New Regulations for Crypto Exchanges in Taiwan: What You Need to Know
In recent developments, Taiwan is set to enhance its regulatory framework for crypto exchanges with the upcoming introduction of a registration system. This move, scheduled for implementation on November 30, represents a significant step towards greater oversight of the digital…
Australia to Enhance Cybersecurity Capabilities for Digital ID Launch
As Australia moves closer to the rollout of its national digital identification system, the Australian Competition and Consumer Commission (ACCC) is set to bolster its cybersecurity capabilities significantly. This initiative aims to align with the growing need for robust digital…
US FTC Bans Fake Online Reviews to Ensure Marketplace Integrity
The recent ruling by the United States Federal Trade Commission (FTC) reflects a pivotal moment in consumer protection and digital marketing. As businesses increasingly rely on reviews to influence consumer behavior, the emergence of fake reviews poses significant risks to…
Qatar's CRA Introduces Comprehensive Consumer Protection Policy in Telecommunications
The Communications Regulatory Authority (CRA) of Qatar has recently launched a pioneering Consumer Protection Policy aimed at reinforcing consumer rights and ensuring transparent practices within the telecommunications sector. This significant initiative marks a notable shift in how telecommunications are regulated…
