Coinbase CEO Says Apple’s Crypto Policy Raises ‘Potential Antitrust Issues’
The CEO of the Nasdaq-listed cryptocurrency exchange Coinbase, Brian Armstrong, says Apple has not played nice with crypto, noting that the tech giant has banned a bunch of crypto features in its App Store. Apple’s anti-crypto policy raises “potential antitrust issues,” said the Coinbase executive. Potential Antitrust Issues Coinbase CEO Brian Armstrong talked about Apple’s crypto policy in an episode of the Superteam podcast, which aired last week. Superteam is a podcast that explores the web3 ecosystem in India. Commenting on Apple’s anti-crypto....
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Several South Korean fintech companies plan to petition the Korean Fair Trade Commission (KFTC) to object to Apple’s policy of not opening its near field communication (NFC) to outside app developers, according to Pulse, an English-language news site of Maeil Business Newspaper in South Korea. The Korean firms claim Apple’s policy prevents them from offering certain fintech services to customers. Interpay Co., eB Card Co., Hankook NFC Co., Kona I Co. and KTB Solution plan to file the petition as early as this month. The Korea Fintech Industry Association (KORFIN) is leading the effort,....
Gearing up for new battles against data-driven monopolies, antitrust enforcers may well look to blockchain as a way of getting honest data from companies they don't trust. Competition authorities are hitting the books when it comes to emerging technologies like blockchain and AI. On Tuesday, the Department of Justice announced that it would be participating in a new initiative at Stanford University to onboard more advanced technological tools into its fight against monopolies. The DoJ is merely the most vocal addition to Standord’s Computational Antitrust project. It joins the competition....
The era of tech giants buying up their up-and-coming competitors will be over if these senators get their way. The Senate sees new legislation aiming to update antitrust laws for new technologies.Senator and former candidate for the Democratic presidential nomination Amy Klobuchar is introducing the Competition and Antitrust Law Enforcement Reform Act today, Cointelegraph has learned.Sen. Klobuchar, who heads the Senate Antitrust Subcommittee, is looking to put new burdens on companies seeking to acquire competitors. An announcement of the bill noted that it aims to "Shift the burden to....
The author of “Goliath” gives his take on the history of American antitrust politics and what it means for the just-announced Google case.