The European Union's digital enforcer celebrated on Friday the "change" underway in the tech world after Apple yielded to a new EU law by announcing it would allow alternative app stores on the iPhone for the first time.
10.01.2024 - 21:23 / tech.hindustantimes.com
The Indian government stepped up its crackdown on offshore crypto exchanges operating without local registrations, asking Apple Inc. to take the apps of platforms including Binance off its App Store in the country. Bitfinex, HTX and Kucoin are among eight exchanges whose apps are no longer available on the App Store in India. They were removed on directions from the Ministry of Electronics and Information Technology, according to people with knowledge of the matter who asked not to be identified because the request isn't public.
The move marks a significant escalation of India's clampdown on offshore crypto platforms like Binance, which started Dec. 28 when authorities notified nine exchanges that they are suspected of misconduct. Indian crypto traders had already began moving deposits to local exchanges that abide by the nation's regulations, fearful of losing access to their funds.
Authorities also asked Alphabet Inc.'s Google to remove the apps, one of the people said. Google Play Store in India still featured the exchange apps that were taken off the App Store as of 2 p.m. local time on Wednesday. Apple, Google and India's technology ministry did not respond to requests for comment.
India's Financial Intelligence Unit issued so-called compliance show-cause notice to the nine offshore platforms on Dec. 28 and also asked the information ministry to block the URLs of the entities. The FIU at the time said the exchanges are operating illegally in India without complying with anti-money laundering laws. The websites are still accessible from India.
Of the exchanges singled out in that announcement, only Bitstamp was still available to download on the local App Store on Wednesday. Of the two versions US-based Kraken offers, only the Pro version was available.
Binance, the biggest crypto exchange, has come under intense pressure from regulators around the world who accuse it of catering to local users without a license. India joins countries including Belgium and Australia in moving to block the company, which says it doesn't have a global headquarters and in November agreed to pay $4.3 billion as it pleaded guilty in the US to anti-money laundering and sanction violations.
“The ongoing situation is not unique to Binance and impacts certain other web3 industry apps as well,” a Binance spokesperson said by email. “We are working hard to inform constructive policy-making that seeks to benefit every user and all market participants.”
HTX, formerly known as Huobi, said it has no operations in India. Bitfinex, KuCoin, Bitstamp and Kraken didn't respond to requests for comment.
India's government last year imposed money-laundering provisions on the crypto sector as it tightens oversight of digital assets along
The European Union's digital enforcer celebrated on Friday the "change" underway in the tech world after Apple yielded to a new EU law by announcing it would allow alternative app stores on the iPhone for the first time.
Beyond its new policy allowing game streaming apps worldwide, Apple today announced new changes it is making to comply with the European Union's Digital Markets Act, most notably that it will allow alternative app payments and app stores.
Fortnite is coming back to iOS this year, at least in Europe, Epic Games announced today. It will do so by taking advantage of the Digital Markets Act law passed by the European Union, which will let the Epic Games Store on iOS.
Fortnite maker Epic Games says it'll be launching a native iOS version of the Epic Games Store — and bringing Fortnite back to iOS devices — following today's announcement that Apple will soon allow sideloading and alternate marketplaces on its devices to comply with new EU rules. That's as Epic boss Tim Sweeney calls Apple's revised guidelines «hot garbage».
Apple plans to introduce significant changes to the iOS App Store, allowing users to download apps from third-party sources. The company is reaching a deadline imposed by the EU under the Digital Markets Act, which requires the company to allow the installation of apps from outside the App Store. The company has until March 6 to implement the app sideloading, and iOS 17.4 appears to be the update that will bring the necessary changes.
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Fans of the Like A Dragon series aren't happy about streamer Felix «xQc» Lengyel promoting Like A Dragon: Infinite Wealth. The latest Like A Dragon game will release on January 26, but xQc was able to play the game early for a sponsored stream.
Apple has detailed how direct payments will work on iOS following the resolution of its long-running legal battle with Epic Games – and it will claim a 27% commission on proceeds generated through these methods.
A federal appeals court on Wednesday ordered Apple to halt the US sale of its latest smartwatch models in a feud over patents with health company Masimo.
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The US Supreme Court on Tuesday declined to hear a challenge by Apple to a lower court's decision requiring changes to certain rules in its lucrative App Store, as the justices shunned the lengthy legal battle between the iPhone maker and Epic Games, maker of the popular video game Fortnite.
The CEO of Fortnite-maker Epic Games said Tuesday the company's court battle to open up Apple's iPhone to alternative app stores was lost after theteThe high court announced it would not hear appeals by either Apple or Epic in the long-running case, effectively putting an end to the legal saga.