TheSpuzz Desk

Biden punts the TikTok ban to Trump

Biden punts the TikTok ban to Trump

Source: The Verge The Biden administration says it will leave it to incoming President Donald Trump to figure out how to deal with the mess of the TikTok ban, ABC News reports. “Our position on this has been clear: TikTok should continue to operate under American ownership,” a White House official told ABC News. “Given…

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BitMEX Slapped With 0 Million Fine For Violating Anti-Money Laundering Laws

BitMEX Slapped With $100 Million Fine For Violating Anti-Money Laundering Laws

Source: Bitcoinist BitMEX, the cryptocurrency trading platform, has incurred a substantial $100 million penalty for contravening US anti-money laundering (AML) requirements. This penalty arises from the company’s noncompliance with the US Bank Secrecy Act (BSA), which permitted unlawful transactions on its platform for multiple years. Noncompliance With KYC And AML Regulations The violation stems from…

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GM banned from selling your driving data for five years

GM banned from selling your driving data for five years

Source: The Verge The settlement comes after a New York Times investigation found that GM had been collecting micro-details about its customers’ driving habits, including acceleration, braking, and trip length — and then selling it to insurance companies and third-party data brokers like LexisNexis and Verisk. Clueless vehicle owners were then left wondering why their…

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