Governance
Top tech news stories today: July 3, 2024
Google’s 2030 emissions goal is stumbling, with a 48% surge since 2019, largely driven by the energy demands of AI data centres.
Headline
Google’s 2030 emissions goal is stumbling, with a 48% surge since 2019, largely driven by the energy demands of AI data centres.
Context
The Monetary Authority of Singapore (MAS) has elevated the risk level for crypto exchange platforms from medium-low to medium-high under updated Countering the Financing of Terrorism (CFT) laws. ( Cointelegraph ) Circle has registered as an electronic money institution (EMI) in France, becoming the first global stablecoin issuer compliant with the EU’s MiCA regulatory framework. This allows Circle to issue USDC and EURC tokens across the EU and offer minting and redeeming services via Circle Mint. ( CNBC )
Evidence
Pending intelligence enrichment.
Analysis
Australia’s eSafety Commissioner has given the internet industry six months to develop an enforceable code to prevent children from accessing inappropriate material online. ( MTV ) AST SpaceMobile CEO Abel Avellan announced that the shared 850 MHz spectrum between AT&T and Verizon will enable 100% wireless coverage of North America. ( Capacity ) Telecom Italia has completed the sale of NetCo to KKR for up to €22 billion, reducing its net financial debt by €13.8 billion. The deal includes a 15-year renewable Master Service Agreement between NetCo and TIM. ( The Fast Mode ) Former Apple lawyer Gene Levoff, who avoided prison for insider trading, must pay a $1.15 million fine in a related SEC case, ruled U.S. District Judge William Martini. ( Reuters )
Key Points
- Crypto
- 1. Singapore ups crypto exchanges risk factor in update to AML/CFT laws
- 2. Crypto firm Circle gets approval to issue stablecoin in EU under bloc’s strict rules
- IT infrastructure
- 3. Australia gives internet firms 6 months to draft online child-safety rules
Actions
Pending intelligence enrichment.
