The prime minister of Turkey, Recep Tayyip Erdogan, is planning to pass a law that will ban Facebook and YouTube in the country after recordings revealing his group's alleged corruption went viral on the Internet.
Legal & Regulatory
New Jersey prohibits Tesla from selling cars directly to consumers
New Jersey has joined Arizona and Texas in preventing consumers from buying cars directly from electric car maker Tesla after the New Jersey Motor Vehicle Commission passed a rule on the matter, TechCrunch reported.
Regulators approve international trading platform in Shanghai free trade zone
China's regulators have already given their assent for the creation of an international trading center in the free trade zone in Shanghai, Reuters reported citing the bourse's Chairman Gui Minjie.
Google faces much as $5B fine if found guilty of antitrust probe in India
If India's competition regulator finds Google guilty of abusing its dominant position in search in the country, it could face a fine up to $5 billion in penalties, TechCrunch reported.
FAA appeals NTSB judge's decision on legality of commercial drones
The Federal Aviation Administration has filed an appeal to the decision of NTSB Adminstrative Law Judge Patrick Geraghty who ruled that the use of commercial drones was legal, TechCrunch reported.
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In the absence of rules that banned the use of commercial drones, Federal Judge Patrick Geraghty has ruled that these low-flying aircraft can be used for business purposes, TechCrunch reported.
After the collapse of Bitcoin exchange, the government of Japan decided not to regulate Bitcoin transactions because they do not consider it a currency, but a commodity that will be subject to sales tax.
Patrick Rock, an advisor to UK Prime Minister David Cameron and one of the pioneers of the country's Internet filtering program, was arrested for allegedly possessing child pornography.
Japan will be setting out rules this week on how it would treat bitcoin under its existing rules. This is seen as the country's first step in dealing with the digital currency after the closure of Mt. Gox, Reuters reported.
New Zealand Venture Investment Fund Chief Executive Officer Franceska Banga thinks that the rule change permitting equity crowdfunding in New Zealand is a positive development, Fairfax NZ News reported.
As opposed to the move that other countries are taking, the British government is planning to ditch the tax levied on Bitcoin trading, but the cryptocurrency will still be subjected to corporation and other taxes.
Mt. Gox has posted a new statement which shed more light on the company's financial situation and validated the contents of a document leaked earlier, TechCrunch reported.
In a 2-1 vote, the 9th US Circuit of Appeals did not agree with Google that an anti-Muslim video should remain posted on its YouTube website while the case is on appeal, Reuters reported.
US-based search giant Google got mocked by several netizens yesterday after it launched the Scraper Report, a tool that fights content stealing, because according to them, the company itself is practicing web scraping.
