Step inside the Metaverse as the UK's former deputy PM takes on avatar form to talk to the FT's Henry Mance about the future of technology, immersive digital worlds, the challenges of regulation, and his own role within the company.
Step inside the Metaverse as the UK's former deputy PM takes on avatar form to talk to the FT's Henry Mance about the future of technology, immersive digital worlds, the challenges of regulation, and his own role within the company.
Frances Haugen talks to the FT's European tech correspondent Madhumita Murgia about the 'huge opportunity' to introduce strong new digital laws, and why she chose to speak out against the social media giant.
A tech industry battle is taking shape over the “metaverse.” WSJ tech reporter Meghan Bobrowsky explains the concept and why tech companies like Facebook, Roblox and Epic Games are investing billions to develop this digital space.
The mobile wallet race officially became the mobile wallet war last Wednesday, after Facebook announced plans to support the use of its Facebook Pay system on sites outside of its ecosystem.
This first big step into the wider world of payments would have been less remarkable had it not involved Shopify’s 1.7 million merchants as its inaugural external test case. It was a move that gave the Facebook endeavor an immediate degree of credibility and surely caught the eye of wallet-space heavyweights like Apple, Google, PayPal, and more.
Facebook has launched Live Audio Rooms, the social media giant’s competitor to audio-based Clubhouse. Facebook said, in a press release, that public figures and select Facebook Groups in the U.S. can start to use the feature on iOS, Apple’s operating system, while select podcasts will also be available in the U.S.
Senator Amy Klobuchar is leading a crusade against big-tech giants such as Apple, Amazon, Microsoft, Facebook and Google. These companies dominate the S&P 500 and wield a huge amount of influence. Should they be broken up?
The Facebook-backed Diem Association plans to launch a new stablecoin tied to the U.S. dollar in 2021. Formerly known as Libra, the digital currency project faced years of pushback from regulators, with key figures deeming the project a failure months after the first white paper launched. So how is Diem getting its previous detractors on board? CNBC’s Joumanna Bercetche spoke to Diem’s chief economist Christian Catalini about what has changed, and what the new coin could mean for consumers.
*NOTE- Diem has since withdrawn its license application in Switzerland shortly after publication of this report
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“Big Techs have done something quite remarkable,” AgustÃn Carstens, general manager of the Bank for International Settlements (BIS), said in a January talk, Public Policy for Big Techs in Finance. “Within less than two decades, they have gone from being startups to dominating a range of markets. This is unprecedented,” Carstens said, noting that financial services accounted for “only 11%” of Big Tech revenues “so far.”
In Fintech Regulation: How to Achieve a Level Playing Field, a paper published in early February, Fernando Restoy, chairman of the BIS Financial Stability Institute (FSI), examines the straightforward “same activity, same regulation” principle alongside so-called entity-based regulation.
The full article here; How to Regulate Big Tech? The BIS Has Some Ideas