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Regulation

German spy chief says regulation may be needed for social platforms

BERLIN: Germany’s domestic intelligence agency on Monday suggested that regulations may be needed if the European Union cannot increase the accountability of social media platforms such as Facebook regarding illegal or dangerous content. Hans-Georg Maassen told reporters that the European Union was working hard to increase transparency on social media platforms and to raise consciousness among those companies. “The Commission is in negotiations, but if this consciousness doesn’t help, then we may have to adopt…

Here’s how regulation worries are impacting the Bitcoin value

TOKYO/LONDON: Bitcoin skidded more than 11 percent on Wednesday, extending a precipitous downturn in fortunes with investors spooked by fears regulators might clamp down on an asset whose value has skyrocketed in the past year. The price of the world’s biggest and best known cryptocurrency fell to as low as $10,065 on the Luxembourg-based Bitstamp exchange, a six-week low and close to half the peak price of almost $20,000 it reached in December. Other cryptocurrencies plunged as well. Ethereum and Ripple were both down…