Tag Archives: crackdown

China's bitcoin crackdown forces exchanges to close. The price is crashing

I lived on bitcoin for 24 hours China’s bitcoin crackdown is wreaking havoc on the virtual currency. Two of the country’s most prominent bitcoin exchanges, BTC China and Via BTC, said they will halt trading this month. BTC China has also stopped registering new users, it said in a statement posted on social media. Both exchanges said the decision to cease trading was triggered by an announcement by Chinese authorities last week banning initial coin offerings (ICOs), in which companies issue “digital” tokens similar to shares in exchange for bitcoin ...

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US attorney general says four charged in crackdown on leaks

Media playback is unsupported on your device The US attorney general has said four people have been charged over leaks as the Trump administration launched a crackdown on embarrassing disclosures. Jeff Sessions said the suspects were accused of divulging classified material or concealed contacts with foreign intelligence officers. America’s top prosecutor said the administration has tripled the number of active leak probes since January. President Donald Trump has criticised Mr Sessions as “very weak” on leaks. Leaks ‘staggering’ At Friday’s news conference, Mr Sessions said no government could be effective ...

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Thousands of drivers caught despite mobile crackdown

More than 200 drivers a day were caught using a mobile at the wheel immediately after tougher penalties for the offence came into effect, figures show. UK police caught almost 6,000 drivers using their devices while driving in the four weeks after 1 March. The numbers were obtained by the Press Association under the Freedom of Information (FOI) Act. In March, the penalty for using a phone while driving doubled to £200 and six penalty points. Under the rules, new drivers caught using a phone within two years of passing ...

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Mnuchin pressed terror financing crackdown at G7 talks

When is something ‘terrorism’? The Trump administration pressed global finance chiefs this weekend on the need to continue working together to combat threats posed by North Korea and Iran and to combat terror financing. After a two-day G7 summit of finance ministers, U.S. Treasury Secretary Steven Mnuchin said Saturday that significant attention was paid to the issue of how to cut off the flow of money to terrorists. At times, the terror discussions overtook talk of trade during Mnuchin’s conversations with his counterparts at the G7, which represents some of ...

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Visa crackdown puts these rural doctors at risk

How Trump’s travel ban hits this South Dakota doctor At his pediatrics practice in Sioux Falls, South Dakota, Dr. Alaa Al Nofal sees up to 10 patients a day. He’s known some of them since they were born. Others, he still treats after they’ve graduated from high school. “I treat these children for Type 1 diabetes, thyroid problems, thyroid cancer, puberty disorders and adrenal gland diseases,” he said. Let’s block ads! (Why?) Latest financial news – CNNMoney.com

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New crackdown on VPNs meant to further empower China’s Great Firewall

China’s Ministry of Industry and Information Technology plans to conduct a 14-month “clean-up” of Internet access services, including a major crackdown on virtual private networks, or VPNs. Without official endorsement, no cable business nor VPN can do business inside China, and no individual can use a VPN without permission. VPNs are already under government scrutiny in China, and directives are often left purposefully vague. But this surge in enforcement seems to be like the last one: aimed at preventing individuals from gaining access to sites like Facebook and Twitter, which are blocked in ...

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May to target private firms in governance crackdown

The government will target private firms as well as listed companies in its crackdown on executive pay and company behaviour, due to be outlined later on Tuesday. Theresa May said she wanted to stop an “irresponsible minority” of private firms acting badly. She said the changes would mean “everybody plays by the same rules”. The move follows widespread anger over the collapse of BHS with the loss of 11,000 jobs and a big pension deficit. The government said the proposed changes would better protect privately owned companies’ employees, customers and ...

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Councils want crackdown on illegal tattooists

Local councils have called for tougher sentences for illegal tattooists, who they warn are offering cheap prices for their services to children. The Local Government Association (LGA) said the problem was increasing because tattoo equipment was becoming more widely available and cheaper to buy. The LGA warned that unlicensed tattooists can take “dangerous shortcuts with health and safety”. They may work in unsterilised studios, using cheap equipment bought online. The LGA has also urged online retailers to provide warnings to children about the dangers of using do-it-yourself tattoo kits, which ...

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