A duty of care will be imposed to ensure all companies had systems in place to react to concerns over harmful content and improve the safety for their users
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…
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…
PRETORIA: South Africa does not rule out a future call for regulated international trade in rhino horn trade, despite its decision not to push for legalisation at an upcoming CITES conference, a cabinet minister said Sunday.