The UK announced on Monday, June 15, a ban on social media use by those under 16 as a measure to protect children from online dangers.

The announcement was made by Prime Minister Keir Starmer, who added that they will monitor children’s communications in digital chats to protect them from their vulnerability on these platforms.

The affected social media platforms are: TikTok, YouTube, Instagram, Reddit, Facebook, X, Threads, Snapchat, Twitch, and Kick.

Starmer indicated that “the decision was not taken lightly, but rather took into account parents’ concerns about minors’ access to these networks.”

The measure has the full support of the House of Commons but still needs to be approved by Parliament.

M.Pino

Source: publico.es

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The Russian government extended the ban on retailers exporting gasoline until the end of this year.

The measure was issued following recent Ukrainian drone attacks on several Russian refineries, which led to the extension of the ban to protect the facilities.

The decision is also aimed at stabilizing the domestic market, following several weeks of Ukrainian attacks on the country’s refineries.

The government detailed that “the restrictions on the export of gasoline for transportation will be in effect until December 31, 2025.” A ban on “the export of diesel, marine fuel, and other types of petroleum products, including those purchased on the exchange,” is also included.

The country has been forced to impose these restrictions due to “rising fuel prices on the international market, which encouraged Russian companies to increase gasoline and diesel exports, which led to higher prices.”

M.Pino

Source: elperiodicodelaenergia

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La entrada Russia extends gasoline export ban until end of year apareció primero en Bitfinance.

The government of Aruba announced this Sunday, April 21, the extension of the ban on flights to and from Venezuela for three more months.

In a statement, the aeronautical authorities of the Caribbean island announced the prohibition measure that will be, for the moment, until July 20. The information is published on the Defense Internet Notam Service web.

According to the report from the island’s Tourism Authority, the island “received a total of 141,380 visitors during the first quarter of 2024, of which 83.9 % come from North America, 9.9 % from South America, 4.1 % from Europe and 2.6 % from other countries.”

With this measure, the air border between Aruba and Venezuela remains closed until July 20; although the maritime border was reopened in May 2023.

M.Pino

Source: finanzasdigital

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La entrada Aruba extended ban on flights to and from Venezuela for 90 days apareció primero en Bitfinance.

The Government of the city of New York prohibited the use of the Chinese social network TikTok in the devices owned by the city with immediate effect, being prohibited the installation of this app in view of the fact that “it represents a security threat for the technical networks of the city”.

It is not the first time that the ByteDance-owned platform has suffered usage blocks on government devices in the United States. The Biden Administration itself already imposed in February of this year that federal agencies had to guarantee that their workers did not have TikTok installed on any government device.

Now, the city of New York joins this initiative by prohibiting the use and installation of TikTok on city-owned devices with immediate effect.

In this sense, the directive issued on Wednesday details that, after a review by the New York City Cyber Command, it was concluded that TikTok “represents a security threat to the city’s technical networks“. Likewise, it was detailed that this Command “regularly explores and promotes proactive measures to keep New Yorkers’ data safe.”

According to statements by a spokesman for the New York City Council, included in said statement, this decision is intended to guarantee the safety of New York citizens and the protection of their data. “While social media is great for connecting New Yorkers with each other and with the city, we must ensure that we always use these platforms safely,” the spokesperson added.

Source: dpa

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La entrada New York bans the use of TikTok on the devices of politicians and officials apareció primero en Bitfinance.

Kuwait’s Capital Markets Authority (CMA) has announced a drastic move by issuing a circular establishing an outright ban on almost all cryptocurrency-related operations, including the use of Bitcoin and other virtual currencies in payments, investments, and mining.

The circular issued by the CMA also states that local regulators will not be able to grant licenses to companies to offer virtual asset services as part of their business operations.

However, it is important to mention that this prohibition does not affect securities and other financial instruments that are regulated by the Central Bank of Kuwait and the CMA itself, which are excluded from this restrictive measure.

The CMA warns customers about the risks associated with cryptocurrencies, noting that they have no legal status and lack the backing of any official entity. Furthermore, since they are not tied to any asset or issuer, their prices are often driven by speculation, making them highly volatile and prone to significant falls.

The issued circular also highlights that the penalties for violating Kuwait’s anti-money laundering laws are clearly stipulated in Article 15 of Law No. 106 of 2013, and are expected to be rigorously enforced.

This ban marks a significant shift in Kuwait’s position regarding cryptocurrencies and shows the growing concern of financial authorities about the potential impact of these virtual currencies on the country’s economic stability. From now on, citizens and companies must comply with this new regulation to avoid facing the established sanctions.

K.Tovar

Source: Cointelegraph

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La entrada Kuwait bans virtually all cryptocurrency trading apareció primero en Bitfinance.

Ron DeSantis, candidate for the presidency of the United States, reiterated his criticism of digital currencies issued by central banks (CBDCs), specifically opposing the possibility of implementing a digital dollar in the country.

During his speech at the Leadership Summit, DeSantis assured that, if elected president, he would ban CBDCs in the United States from his first day in office. During the event in Iowa, which featured six other Republican candidates, he said: “If I’m president, on day one, we’re going to ban central bank digital currency.

DeSantis has been an outspoken opponent of the implementation of a digital dollar in the United States. In May, he passed a Florida law that prohibits the use of federal CBDCs as a form of money, in addition to prohibiting the use of foreign CBDCs. His main argument is that these digital currencies could lead to a “massive transfer of power from consumers to a central authority.”

A digital currency issued by a central bank does not differ much from a traditional currency issued by it. In essence, it is a digital version of a national currency, which provides the advantages of digital assets.

However, the topic of CBDCs has generated controversy in the crypto community for a long time. Opponents argue that they threaten the privacy of citizens and could allow full government control, while others see them as a tool to encourage cryptocurrency adoption and a global use case for blockchain technology.

K. Tovar

Source: Cointelegraph

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La entrada Ron de Santis would ban CBDCs if he becomes president apareció primero en Bitfinance.

The International Monetary Fund (IMF) reiterated its call for the regulation of cryptocurrencies in certain countries, but stressed that an outright ban may not be the best strategy.

In a June 22 report on Latin America and the Caribbean, the IMF highlighted different approaches taken by local governments to address the adoption of cryptocurrencies and central bank digital currencies (CBDCs).

In El Salvador, Bitcoin (BTC) has been accepted as legal tender since September 2021, while the Bahamas was the first country to launch its own CBDC, the Sand Dollar, in October 2020.

The agency floated the idea of a “new category” of cross-border payment platform with a single registry. According to the report, Brazil, Argentina, Colombia and Ecuador, whose governments are in the process of regulating cryptocurrencies, are among the countries with the highest rates of adoption of digital assets in an effort to help the unbanked, streamline payments and reduce costs, among other benefits.

The IMF stated: “If designed well, CBDCs can strengthen the usability, resilience, and efficiency of payment systems, and promote financial inclusion in Latin America and the Caribbean. Although some countries have chosen to ban cryptocurrencies entirely due to Due to its risks, this approach may not be effective in the long term.Instead, the region should focus on addressing the drivers of demand for cryptocurrencies, such as the unmet needs of citizens for digital payments, and improving transparency through registration of crypto asset transactions in national statistics”.

It is important to mention that the agency repeatedly expressed its opposition to countries adopting cryptocurrencies as legal tender. On June 19, Tobias Adrian, director of the IMF’s Monetary and Capital Markets Department, proposed a payment system that uses a single ledger to record CBDC transactions. This idea received strong criticism from many players in the cryptocurrency space.

K. Tovar

Source: Cointelegraph

(Reference image source: Kanchanara, Unsplash)

La entrada IMF urges crypto regulation but warns against outright ban apareció primero en Bitfinance.

France has approved a law that defines and regulates the activity of influencers in which these content creators are prohibited from promoting dangerous diets, advice on cosmetic surgery and cryptocurrencies.

The objective of this norm is to regulate the use that these users give to platforms such as Instagram and TikTok, in order to fight and end bad practices that they can carry out by taking advantage of their influence over other people.

With this law, in addition, several necessary measures have been identified both to support influencers and to protect consumers, as the French Ministry of Economy and Finance acknowledged in March via Twitter.

The deputies Arthur Delaporte and Stéphane Vojetta presented this bill on January 31, 2023, and the National Assembly approved it unanimously on March 30 in its first reading, while the Senate, which introduced a series of modifications, did so on March 9. May, as Vie Publique recalls. Finally, the National Assembly has approved it unanimously on May 31, 2023 and it was this Thursday, June 1, when the Senate has definitively approved it and also unanimously. The next step in this process is its promulgation in the official gazette of the French State.

This text legally recognizes the activity of commercial influencers in electronic media, and defines them as natural or legal persons who, “in exchange for payment, communicate to the public by electronic means content intended to promote, directly or indirectly, goods, services or that for any reason exercise the activity of commercial influence by electronic means.”

This law specifies that, when this activity is carried out by a person under 16 years of age, it must be their employer who assumes the responsibilities of the content that these creators publish on online platforms. The legal text includes a section dedicated to promotion prohibitions, and which specifies that influencers cannot exercise “the activity of commercial influence by electronic means”, “directly or indirectly”, when they endanger the protection of health public through the promulgation of information on aesthetic, pharmacological and surgical techniques, methods and treatments.

On the other hand, with this new law, influencers will not be able to promote products that can be consumed or contain, even partially, nicotine, nor will they have the right to issue therapeutic prescriptions.

France demands transparency in publications

This regulation also clarifies that it is prohibited for people who exercise commercial influence activity by electronic means to directly or indirectly promote financial products and services, including those related to digital assets.

Hence, it is also illegal to invite other users to establish a relationship with them through a contact form or request additional information to carry out operations related to cryptocurrencies.

Penalties include fines and jail time

This law determines, finally, that in case of committing an infraction with the provisions of it, these users may receive fines of up to 300,000 euros and two years in prison in case of carrying out deceptive commercial practices.

From now on, influencers will also be penalized if they promote false health services, alcoholic beverages, financial services, sports betting and gambling on their profiles, with fines of up to 100,000 euros.

In this case, they can also be prohibited from carrying out their activity, either temporarily or permanently, in addition to being denied access to these ‘online’ platforms.

On the other hand, if these content creators do not introduce a label that reflects that a filter has been used or their photos and videos have been retouched, they would receive a fine of up to 37,500 euros.

Finally, this Ministry has commented that a guide to good practices for influencers has been drawn up, which integrates their fiscal, social and regulatory rights and obligations.

Source: dpa

(Reference image source: Unsplash, in collaboration with Getty Images)

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La entrada France bans influencers from advertising about cryptocurrencies apareció primero en Bitfinance.

The Australian Government prohibited the installation of the TikTok application on phones and other devices linked to the public administration, in line with the decisions that the United States Administration or the European Commission have already adopted in recent months.

Australia’s Attorney General, Mark Dreyfus, explained that the ban will come into effect “as soon as possible” and exceptions will be granted on a case-by-case basis, according to the Australian ABC network.

“After receiving advice from intelligence and security agencies, I have today authorized the secretary of the Attorney General’s Department to issue a binding order under the Protective Security Policy Framework“, he noted.

Australia thus became the latest country in the Five Eyes intelligence alliance (FVEY), also made up of Canada, New Zealand, the United Kingdom and the United States, to block the application.

Fear increased in the West in relation to the possible use of TikTok, owned by the Chinese company ByteDance, as a Trojan horse to promote propaganda in favor of China or collect user data, but Beijing denounced that an intention is hidden behind this cascade of vetoes. policy without any real technological justification.

In December, the social network made a change to its privacy policy, which gave Chinese employees access to the data of European users, though it’s unclear exactly what data these employees have access to and which employees are involved.

K. Tovar

Source: Clarin

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La entrada Australia banned the use of TikTok on government devices apareció primero en Bitfinance.

Florida is working on new legislation that prohibits the use of any central bank currency, or CBDC, as a measure to protect citizens from state control.

Florida Governor Ron DeSantis said Monday: “Unlike a decentralized digital currency or cryptocurrency, a CBDC is directly controlled and issued by the government to consumers, giving government bureaucrats the ability to see all consumer activity and the power to cut off access to goods and services for consumers”.

DeSantis maintains his position as a measure to protect citizens from what he considers “weapons of the Biden government” and calls on federal entities to join this decision.

DeSantis’ proposal “seeks to protect Florida consumers and businesses from the reckless adoption of a centralized dollar that will stifle innovation and promote government-sanctioned surveillance.”

The official stresses that Florida will not bow to Biden’s policies, which can threaten economic freedom as well as personal security.

Security is the cornerstone of regulation against CBDCs, which give the government the power to track citizen transactions.

Tarren Bragdon, an executive with the Foundation for Government Accountability, has given his support to Governor DeSantis and has added: “Our money (the US dollar) says ‘In God We Trust.’ The central bank digital currency would change that to ‘In Government We Trust’. That is wrong, and I am grateful for the Florida Governor’s continued pushback of an out-of-control DC bureaucracy.”

M.Pino

Source: morocotacoin

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La entrada Florida to ban CBDC adoption apareció primero en Bitfinance.