A Brazilian man orchestrating a colossal crypto Ponzi scheme has been handed a jaw-dropping 128-year prison sentence, setting a new precedent for severe penalties against fraud in the nation’s history. This elaborate scheme deceived thousands of investors, underscoring the urgent need for robust crypto regulation as concerns continue to mount.
In a historic and bold step, Japan has officially issued a cease-and-desist order to Google, setting a remarkable precedent as the first time the nation has taken such decisive action against a major tech giant. This significant move comes in response to rising concerns about market dominance and the safeguarding of data privacy practices.
Argentina has temporarily halted Telecom’s acquisition of Telefonica’s local unit, citing regulatory concerns. The decision aims to ensure fair competition in the telecom sector amid ongoing scrutiny of large mergers in the industry.
Italy has launched an investigation into automakers Stellantis, Tesla, Volkswagen, and BYD over allegations of misleading information provided to consumers regarding electric vehicles. The inquiry aims to ensure transparency and protect consumer rights in the expanding EV market.
