Here are the top trending news from the world of technology
1)
Spain cracks down on crypto advertising and promotion
Spain has introduced new regulations to keep a tab on the mass promotion and advertisement of crypto assets. As per the new regulations, companies or advertisers promoting crypto campaigns in Spain that has outreach of more than 1,00,000 people will have to give prior information about the content of their campaign to the securities watchdog CNMV. This new rule also extends to social media influencers. Spain has now become among the first European country to impose stricter regulations on crypto promotions and advertising (Read more)
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Starbucks ramps up delivery services in China; ties up with Meituan
Coffee chain major Starbucks has announced that it has joined hands with Chinese shopping and delivery platform Meituan. This partnership will allow Chinese customers to order Starbucks coffee from Meituan and increase its business in one of its largest markets. Till now, the U.S. based coffee chain major used Alibaba’s Ele.Me as its exclusive partner. Starbucks has nearly 5000 coffee stores across China, making it the largest only after U.S. (Read more)
3)
Amazon set to reverse VISA credit card ban in U.K
E-commerce giant Amazon said on Monday that it is reversing its earlier decision to ban the use of Visa credit card in U.K. Amazon said that it is holding talks with Visa to resolve the contentious issue of transaction fees. The ban was supposed to come to effect on January 19. Amazon U.K had announced in November last year that from January 2022 it will no longer accept payment from Visa credit card owing to high transaction fees charged by Visa (Read more)
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U.S. Billionaire makes a stinging remark on China’s Uyghur region
Billionaire Chamath Palihapithiya, who owns 10% stake in the Golden State Warrior, recently made a controversial statement on China’s Uyghur region in one of the podcast interviews. His exact words were that “nobody cares about what’s happening to Uyghur Muslims in China,” clearly pointing at China’s alleged human right violations in the insurgency hit area (Read more)