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Airbnb, Chobani among companies to oppose U.S. asylum work permit slowdown

“WASHINGTON (Reuters) – Airbnb, Chobani, Western Union and a dozen other companies are urging the withdrawal of a Trump administration proposal to slow down the work permit approval process for asylum seekers” writes Midwest Communications Inc for 95kqds.com. The proposed regulation is part of a broader effort by the Trump administration to crack down on asylum seekers.At the same time, the administration proposed raising fees for U.S. citizenship applications to $1,170, an 83% increase. Source: 95kqds.com

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Preview of Today’s SEC Meeting on Harmonizing Securities Exemptions

“In the crypto space, many initial coin offerings (ICOs) have sought to qualify under SEC exemptions, particularly Form D. 2018, in particular, saw a massive rise in such exemptions” writes unknown author for cointelegraph.com. The second of these is scheduled to start at 1:00 PM EST and will deal with the SEC’s earlier request for comment on harmonization of securities exemptions.A to file crowdfunding exemptions — a legal workaround that ended up working.A simplification of U.S. securities offering exemptions would have major implications for crypto companies in general and ICOs…

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Airbnb lost a high-stakes vote in Jersey City that will put increased restrictions on short-term rentals

“On Tuesday, nearly 70% of Jersey City voters chose to increase regulation for Airbnb rentals, Bloomberg reported” writes Mary Meisenzahl for businessinsider.com. Jersey City Mayor Steve Fulop was publicly in favor of the increased regulation, and tweeted his opposition to unregulated Airbnbs. Source: businessinsider.com

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Edward Snowden says big tech firms like Amazon, Google and Facebook have business models that are tantamount to ‘abuse’

“Edward Snowden says big tech firms like Amazon, Google and Facebook have business models tantamount to “abuse.”” writes Charlie Wood for businessinsider.com. The problem isn’t data protection  — the problem is data collection,” he said.Snowden also offered a mixed assessment of one major recent effort to curb big tech’s use of data: the European Union’s General Data Protection Regulation, better known simply as ‘GDPR,’ which first came into force in May 2018. Source: businessinsider.com

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Crypto News 

The Future of Cryptocurrencies in the UK Hangs on FCA’s Decision

“However, if an individual is engaged in trading of these assets, income tax would take priority over capital gains tax” writes Sritanshu Sinha for cointelegraph.com. Related: U.K. Crypto Regulation Is Changing, Recognition Looming at Long Last The gains and losses from cryptos are subject to capital gains tax and income tax.Keeping this in mind, when the U.K.’s Financial Conduct Authority (FCA) proposed a crypto ban, it caught the attention of the entire crypto ecosystem.The U.K. tax authority, Her Majesty’s Revenue and Customs (HMRC), has specified that buying and selling cryptos…

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Washington’s wacky booze regulation still on the books, a century after Prohibition

“From beer and soup brewing to wine and tea cups, here is the list of 10 wacky city and state laws” writes Spokane Wash for seattletimes.com. Washington state: It is against the law to destroy a beer bottle or cask.To mark the anniversary of this day, liquor distributor Drizly has compiled a list of 10 of the most bizarre local alcohol regulations, and a Washington state law made the list. Source: seattletimes.com

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Crypto News Platforms 

UAE Accepts Crypto Regulation, Blockchain Projects Stand to Benefit

“Developers hope to leverage the immutability of blockchain technology to fight invoice fraud and eliminate the problem of double financing” writes Aubrey Hansen for cointelegraph.com. The partnership with Perlin reportedly represents the single largest exposure of blockchain technology to global business, reaching companies in 130 countries around the world.The UAE, in particular, already hosts several blockchain initiatives that stand to benefit significantly from the new regulations.In September 2019, Dubai’s National Bank of Fujairah (NBF) joined the international blockchain-based trade finance network Marco Polo.The Middle East and North Africa region reportedly…

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Tech leaders and policy makers talk regulation at GeekWire Summit

“In a December blog post, for instance, Smith said Microsoft has adopted six principles on the use of facial recognition technology including transparency, fairness and accountability” writes Seattle Times Business for seattletimes.com. More than 800 people in tech, policy, media and business swarmed downtown Seattle’s Hyatt Regency on Tuesday for the first full day of the 2019 GeekWire Summit.The eighth annual technology conference highlighted investment trends and explored concerns around surveillance and regulation.The company has gone a step further by refusing to sell its facial recognition technology to authoritarian governments…

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Trump and Zuckerberg hold meeting about internet regulation

“President Trump and Facebook CEO Mark Zuckerberg held a meeting at the White House to discuss internet regulation” reports washingtonexaminer.com. “Mark is in Washington, D.C., meeting with policymakers to hear their concerns and talk about future internet regulation.Josh Hawley also met Thursday to talk about tech regulation. Trump has also spoken out against tech censorship, saying they are “sooo on the side of the Radical Left Democrats.”.  Source: washingtonexaminer.com

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