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regulation

Feds don't plan to take down Bitcoin or other currencies

Even though the feds went after Liberty Reserve for alleged money laundering, they apparently don't have plans to crack down on all digital currencies -- as long as all rules are followed.

In an interview on Thursday with American Banker, Jennifer Shasky Calvery, the director of FinCEN, which is the U.S. Department of Treasury's law enforcement branch, said she sees virtual currency providers as financial institutions and looks at each one's actions separately.

"FinCEN has been out front in issuing our guidance to make it clear that we see virtual currency as a type of … Read more

EC details Google's proposed search concessions

Google's proposal for resolving a European investigation into anticompetitive practices in search includes labeling its own services in search results, showing services from rivals nearby, and letting specialized search services block Google from using their content.

The European Commission on Thursday published Google's proposed resolution for the long-running case and issued a request for feedback. (For the full proposal in detail, see below.)

That feedback now includes criticisms from rivals that say Google has unfairly squeezed them off the Web, promoting its own services even when they wouldn't merit top placement when judged on the basis of … Read more

T-Mobile, MetroPCS clear final regulatory hurdle

T-Mobile USA and MetroPCS, the fourth and fifth largest cellular networks in the U.S., are set to merge after the third and final regulator gave its thumbs-up to the deal.

First reported by Bloomberg, the three regulators involved in the scrutiny process have now completed their inspection, allowing the deal to close before the fiscal second quarter, as planned.

Now that the Committee on Foreign Investment has given its approval, only a vote among MetroPCS shareholders to sign off on the deal is holding up the merger, which is set to be voted upon on April 12.

The two … Read more

CNET on Cars 12: BMW 750Li vs. Lexus LS 460

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An embarrassment of riches this time as the 2013 BMW 750Li and Lexus LS 460 hit our garage on the same day. Some assignments are just more comfortable than others! But while both cars are luxurious, one felt much readier to cut it up on the road to my hands, and you might be surprised which.

A great Car Tech 101 in this episode, explaining the rather tricky relationship between horsepower and torque. We're conditioned to think about horsepower, but … Read more

FCC institutes new rules on cell phone signal boosters

The Federal Communications Commission yesterday announced new regulations for cell phone signal boosters.

Under the new rules, anyone who has a signal booster or plans to buy one must obtain permission to use it from their carrier. If permission is obtained, the signal booster must be registered with the carrier to ensure it meets specifications and all parties are aware of its use.

The FCC's rules, which were first brought to the floor in 2011, take aim at reducing interference with wireless networks. Signal boosters are designed to connect to cell phones to improve a connection with towers in … Read more

Watchdog seeks FTC staff opinion on Google antitrust case

Consumer Watchdog, a group that's accused Google of antitrust misconduct, is trying to find out why the FTC's investigation into the subject resulted in only mild punishment.

The group requested the Federal Trade Commission release its staff's report to detail the situation, according to a letter Consumer Watchdog sent to the commissioners (PDF). The agency's staff prepare such reports then forward them to the five commissioners who vote on what course of action to take.

"I call on you to release the FTC staff report to help make clear what was behind the commission's … Read more

EU hits Samsung with 'potential misuse' of patents

As expected, the European Union's European Commission (EC) has filed a formal "statement of objections" against Samsung over its actions in cases against Apple.

The EU's competition-governing body today announced that, in its "preliminary view," Samsung's requests for injunctions against Apple products over their alleged use of wireless patents Samsung owns "amounts to an abuse of a dominant position prohibited by EU antitrust rules."

Here's what Joaquin Almunia, the EC's competition chief, has to say about the move:

Intellectual-property rights are an important cornerstone of the single market. However, … Read more

U.S. misses early win on Internet regulations

The U.S. and Canada's attempt to limit the International Telecommunication Union's (ITU) regulations to telecom operators has been stalled.

The countries, along with much of Europe, had hoped to stop the United Nations arm from attempting to regulate online companies as talks got under way. However, other countries, led by Russia and some countries in the Middle East, have balked, arguing that regulating the Internet should encompass Web companies.

Reuters was first to report on the talks.

ITU discussions kicked off earlier this week as countries around the world determine the extent to which the Internet should … Read more

Congressman proposes two-year ban on Net regulation bills

A new proposal would temporarily stop the federal government from pushing through bills and regulations on the Internet's content.

Recent attempts to regulate the Internet -- in the form of SOPA, PIPA, and CISPA -- are all dead in the water after failing in Congress. But the potential of poorly thought-out changes remains a reality.

U.S. Rep. Darrell Issa (R-Calif.) released a draft of the proposed bill, dubbed the "Internet American Moratorium Act 2012," to Project Madison on Monday. The crowdsourcing platform allows people to read and amend draft bills online, striking through text and adding … Read more

U.N. summit may usher in more Internet regulations

PALO ALTO, Calif.--A United Nations summit next week could imperil Internet freedom and lead to a deluge of intrusive new national regulations, Google and a member of the U.S. delegation warned.

"We want to maintain a platform of a free and open Internet as a platform for free expression," Patrick Ryan, an attorney at Google, said at a forum organized by Stanford Law School here yesterday afternoon. Google has organized a new campaign to draw attention to the summit, saying some governments "are trying to use a closed-door meeting in December to regulate the Internet.&… Read more