Taiwan has recently elevated its digital banking sector’s status by granting its first virtual banking licenses to three consortiums, headed by Japanese and Taiwanese investors. The move was a natural progression for Taiwan as it seeks to follow in the footsteps of other Asian markets which are also issuing such licenses.
Australian regulators blocked the multi-billion-dollar merger between Vodafone Hutchison Australia and TPG Telecom, in a surprise announcement that sent shares in the two firms plunging.
Enterprises today are embarking on digital transformation projects at an ever increasing pace. As businesses leverage digital technologies such as cloud, data analytics and IoT among others, the need for cyber security becomes increasingly crucial to protect proprietary IP and private customer data.
A public consultation has been launched by Singapore’s Infocomm Media Development Authority (IMDA) to determine the suitable regulatory framework needed for 5G technology in order to start deploying the technology by 2020.
As governments around the world struggle to come to terms with the initial banning of Huawei products by US President Donald Trump and the whiplash of his subsequent decision to lift it, Malaysia has taken a firm stance by choosing not to rush blindly into judgment, preferring to approach the subject of 5G cybersecurity in a liberal manner instead of pandering to the West’s seemingly baseless accusations towards the Chinese telecommunications colossus.
Optus has called for new mobile tower rules as the current rules in place in Australia are unfit for the deployment for 5G networks.
The Competition Commission of India (CCI), the country’s anti-monopoly regulator, has started investigating Google’s Android business in India last year after receiving several complaints.
Social media platforms such as Facebook, YouTube and Twitter are facing scrutiny following the horrific terrorist attack in New Zealand.
The fifth court hearing for Meng Wanzhou's case took place in Canada on May 8. Huawei issued a statement regarding this hearing in which it reveals three new and important disclosures that the lawyers for Ms. Meng made in court. From the outset, Huawei has expressed confidence in Ms. Meng’s innocence. “We have maintained that her U.S.-ordered arrest was an unlawful abuse of process – one guided by political considerations and tactics, not by the rule of law.”
The European Union and Japan finalized common rules to protect personal information, and launched what they called the “world's largest areas of safe data flows”. Firms can transfer data now that the executive European Commission finds that Japanese law offers “a comparable level of protection of personal data,” the commission said.