news-en

Karimi & Associates Law Firm presents according to Wall Street Journal: BitMEX, which offers trading in bitcoin and other cryptocurrency derivatives, had been sued by the Commodity Futures Trading Commission (CFTC) and Financial Crimes Enforcement Network (FinCEN) last year. In its complaint filed last October, the CFTC alleged that BitMex and its three cofounders operated the exchange from the U.S. for at least six years while unlawfully accepting orders and funds from […]

Karimi & Associates Law Firm presents according to Jurist: The U.S. Securities and Exchange Commission (SEC) announced a $1 million fine against Pearson PLC, an educational and publishing company based in London, after finding that the company made misleading statements about the data breach that involved the theft of thousands of student records and personal information. The data breach occurred in 2018 when hackers obtained student and administrator data from 13,000 Pearson

Karimi & Associates Law Firm presents according to Reuters: China’s legislative body, the National People’s Congress, passed a law aimed to protect online user data privacy, state media Xinhua reports. The law’s passage is to be considered as another step forward in the country’s endeavor to regulate cyberspace and is expected to add more compliance requirements for companies in the country. Tech giants in China have been instructed to ensure better secure

Karimi & Associates Law Firm presents according to Wall Street Journal: South Korea’s National Assembly on Tuesday passed the world’s first bill that ends Apple and Google’s dominance over how apps hosted on their app stores sell digital goods. As soon as the bill gets signed by President Moon Jae-in, it will become law. The president’s party strongly supported the legislation. This bill challenges Apple and Google’s lucrative commissions on digital sales

Karimi & Associates Law Firm presents according to The US Department of the Treasury: The US Department of the Treasury by a statement has authorized the exportation of certain graduate-level educational services and software exportation regarding Iranian transactions and sanctions regulations that will be implemented from September 1, 2022. According to this statement, the US academic institutions are now permitted to offer online educational services related to graduate educational courses, on condition that the

Karimi & Associates Law Firm presents according to The Guardian: Google has appealed against a €500m fine imposed by France’s antitrust authority following a dispute with local media concerning payment for news content. Google has been fined due to its failure to comply with France’s antitrust organization on how to conduct the talks with publishers. The case was regarding that whether Google breached temporary orders issued by the French Competition Authority, which

Karimi & Associates Law Firm presents according to New York Times: Apple will have to allow app developers to send their users to other payment systems as a federal court ordered in a legal case between Apple and the creator of “Fortnite” video game, Epic Games. A year ago, Epic Games offered Fortnite players discounts if they used Epic’s payment system instead of those from Apple and Google. Both of the companies

Karimi & Associates Law Firm presents according to The Jurist: A non-profit Dutch foundation, Stichting Massaschade & Consument, sued TikTok, a famous social media app, alleging that TikTok has violated European privacy laws by “harvesting and auctioning sensitive user data.” The foundation claims a fixed amount of damage per user, varying from €1.250 – €1.750 depending on the user’s age group. It has been argued by the foundation that TikTok profits off