News 

Uber sues NYC over vehicle cap law

“Uber has filed legal action against the city of New York over a law it passed last year capping the number of ride-hailing cars allowed on its street, fearing the city may make permanent the initial 12-month pause, according to court documents” reports axios.com. The big picture: Ride-hailing companies have aggressively pushed back against regulations. Source: axios.com

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Crypto Futures News Platforms 

Indonesia: $70 Million Capital Requirement for Bitcoin Futures Sparks Anger

“Cryptocurrency traders are unhappy with regulators in Indonesia after it emerged Bitcoin (BTC) brokers now needed over $70 million to launch futures trading” writes William Suberg for cointelegraph.com. However, in a surprise addition to the final bill, those trading platforms are required to have 1 trillion rupiah ($71.17 million) minimum capital.Following new regulations which came into effect last October, trading platforms wishing to offer cryptocurrency-based instruments can do so, while cryptocurrency use remains banned.According to Oscar Darmawan, CEO of local cryptocurrency exchange Indodax, the sums involved are even more than…

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Crypto News 

SEC’s “Crypto Mom” Speaks: Lack of Laws May Have Benefited Industry

“Peirce even went so far as to suggest that in some respects, the industry may already be facing over-regulation” writes Rachel Mcintosh for financemagnates.com. However, if you comply with the spirit of the law, but not the letter of the law, you just get a letter telling you to fix it in most cases.”. Many companies around the world have called for their governments to create more regulations, thus creating a sort of “path to legitimization” as cryptocurrency itself makes the transition from “magic internet money” to a legitimate transactional…

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GBP News 

ALSO: UK Facing Higher Medicine Costs And Risk Of Fakes, Suppliers Warn

“Brexit uncertainty and tighter EU rules could lead to higher medicine prices and a greater risk of fakes entering the UK supply chain, leading European pharmaceutical companies have warned” writes unknown author for huffingtonpost.com. Dr Rick Greville, director of supply chain at the industry body, strongly cautioned against a no-deal Brexit.Tjoapack is a pharmaceutical packaging company managing millions of medicine packs a year, supplying to more than 40 markets globally.Tjoa said he believed the UK’s desire to remain aligned to EU pharmaceutical regulations would mean the potential effects of no-deal…

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Research: When Environmental Regulations Are Tighter at Home, Companies Emit More Abroad

“Importantly, although companies appear to emit more CO abroad, stricter environmental policies at home are associated with lower global pollution overall” reports hbr.org. Academics have long argued that there is a symbiotic relationship between countries’ environmental policies and the degree to which companies pollute.We combined these data with information on the stringency of national environmental policies from the World Economic Forum (WEF).New research finds that companies, which are the biggest contributors of CO2 emissions, emit less CO2 at home when domestic environmental regulations are strict. Source: hbr.org

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Amazon’s invincibility is showing some cracks — and a big one is in India

“The new Indian regulations also restrict Indian e-commerce platforms from offering deals from brands that are exclusive to just one site” writes Feb Est for recode.net. That’s because at some point, Amazon’s business in North America will have little new room for growth.The moves in India would not be so critical if Amazon’s main e-commerce business were growing rapidly in other parts of the world — but it’s not.But when you look at Amazon’s core online shopping business, there is some reason for concern — and new regulatory changes in…

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Crypto News 

Iran: Central Bank Will Consider Expert Input Before Enacting Crypto Regulations

“The same day, the Central Bank of Iran reportedly uploaded plans for its approach to cryptocurrency regulation on its official website” writes William Suberg for cointelegraph.com. Iran’s central bank said it would consider opinions from the cryptocurrency sphere prior to finalizing new draft regulations, according to a statement today, Jan. 29.A report from local news outlet Al Jazeera today noted that lawmakers would seek to ban aspects of cryptocurrency.As Cointelegraph reported yesterday, Iran is also reportedly set to unveil its own state-backed cryptocurrency at the conference.The bank said it plans…

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Sensible next steps on Washington gun regulations | Editorial

“Washington citizens have demonstrated their support for sensible gun regulations” writes The Seattle Times for seattletimes.com. Lawmakers should consider other proposed gun regulations including Senate Bill 5143, which would allow law enforcement to temporarily remove firearms and ammunition from a home during and after domestic-violence incidents. Source: seattletimes.com

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Crypto News 

Bitcoin Wallet Xapo Leaves Hong Kong for Switzerland Due to ‘Opaque’ Regulations

“Major global Bitcoin (BTC) wallet Xapo will relocate key business operations from Hong Kong to Switzerland, according to Swiss news agency Swissinfo on Jan. 21” writes Helen Partz for cointelegraph.com. Speaking at the World Web Forum in Zurich, the wallet’s president Ted Rogers revealed that the main purpose of the move was the search for a better crypto regulatory environment.In November 2018, the Hong Kong’s Securities and Futures Commission published a statement with guidelines for funds dealing with cryptocurrencies. Source: cointelegraph.com

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