• Europe clamps down on Libra
    Politics,  Regulation

    EU leaders to Libra: Follow tough rules or face ban

    In new proposals, some of Europe’s biggest economies want Facebook’s stablecoin project to be based in the EU and not in Switzerland… or else

    Five of Europe’s biggest economies are urging the European Commission to enforce strict regulations for stablecoins—in the surest sign yet that Facebook’s embattled Libra project isn’t out of the woods despite drastic changes.

  • Blockchain break EU privacy law
    Regulation

    Blockchain may break EU privacy law—and it could get messy

    In Europe, citizens have the right to be forgotten by search engines, but this isn’t very compatible with blockchain’s uneditable nature

    This doesn’t necessarily mean that damaging news articles about someone (or their embarrassing photos) would be deleted forever, but a person may be entitled to have Google search results and Wikipedia references that link to them expunged—the equivalent of removing a book from a library’s index system. Now, someone would only be able to see this content if they knew exactly where to look.

  • Ripple rejects YouTube arguments
    Ripple

    Ripple: YouTube ‘setting aside common sense’ as it tries to throw out lawsuit

    The video-sharing site is accused of being ‘willfully blind’ when it comes to giveaway scam videos, as the payments firm rejects YouTube’s attempts to get the suit dismissed

    The international payments firm took legal action against Google-owned YouTube in April. At the time, Ripple’s CEO Brad Garlinghouse said his team had spent six months unsuccessfully trying to get the social media giant to shut down videos using Ripple logos and Garlinghouse’s likeness that aimed to steal hundreds of thousands of dollars in XRP from unsuspecting users.

  • Renault launches blockchain
    Technology

    Renault launches blockchain in drive to improve supply chain

    XCEED has been built in response to tougher regulatory measures that mean entire production chains must be answerable to the authorities in a shorter timeframe

    Known as XCEED (eXtended Compliance End-to-End Distributed,) the platform has been built using Hyperledger Fabric’s technology, and is being deployed in collaboration with IBM.

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