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A U.S. bank regulator instructed lenders to pause direct involvement in crypto activities in 2022 and 2023, without stopping them from offering banking services to crypto companies. Released FDIC documents, following a lawsuit by Coinbase, reveal a cautious approach towards crypto, amidst scams and volatility, without completely severing ties with the crypto sector.
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Myanmar's military regime has enacted a new cybersecurity law imposing extensive controls on communications, targeting VPNs and digital platforms. The law mandates service providers to store user data, allows government surveillance, and includes penalties for disseminating disinformation or inciting violence. Non-compliance can lead to severe fines and imprisonment.
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Spain's Labour Minister Yolanda Diaz accused Economy Minister Carlos Cuerpo of siding with employers over a plan to reduce the working week to 37.5 hours with no pay reduction. Diaz urged to respect expert recommendations, stressing the government's commitment despite businesses' concerns and warnings about potential economic repercussions.
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