Japan Passes Stablecoin Bill That Enshrines Investor Protection

Last month’s collapse of the TerraUSD token thrust stablecoins into the worldwide spotlight and Japan became one of the first large economies to build a legal framework around them.

On Friday, Japan’s parliament enacted a bill clarifying the legal status of stablecoins, essentially establishing them as digital money. According to the new law, stablecoins must be tied to the yen or another legal money and guarantee holders the ability to redeem them at face value.

Stablecoins can only be issued by licenced banks, registered money transfer agents, and trust businesses, according to the legal definition. Existing asset-backed stablecoins from offshore issuers like Tether and their algorithmic counterparts are not covered by the Act, and stablecoins are not listed on any Japanese cryptocurrency exchanges.

Source: https://www.bloomberg.com/news/articles/2022-06-03/japan-passes-stablecoin-bill-that-enshrines-investor-protection

Spanish Government Proposes Law Banning Automated Customer Service

Spain’s government is proposing a bill requiring corporations to answer calls with a human person in customer service to relieve consumers of having to deal with those universally despised automated voices on the phone.

The plan was submitted by the Ministry of Consumer Affairs in November and approved by the country’s ruling left-wing coalition. It includes several other similar provisions, such as limiting the time it takes to answer a call to three minutes.

Before it can become law, it must first be approved by Spain’s Council of State, then by MPs. This is the “second round,” according to government spokeswoman Isabel Rodrguez.

Source: https://www.euronews.com/2022/05/31/spanish-government-proposes-law-banning-automated-customer-service

8 Arrested in Spain for Running a ‘Cult-like’ Crypto Trading Academy Scam Targeting Young People

Lorena’s daughter was just 17 when she enrolled in the IM Academy, an online trading course that promised to teach her how to invest in foreign exchange and cryptocurrencies, bringing her wealth and success.

However, like hundreds of other young people across Europe, Lorena’s daughter was drawn into what Spanish authorities are now calling a pyramid fraud, which Spanish YouTuber Carles Tamayo initially exposed.

Leaders of the organisation utilised cult-like approaches to encourage young people to cut links with their families and focus solely on the organisation, according to Mara Fernández, the Spanish National Police Spokesperson.

The group’s leaders would entice young people by boasting about their luxurious lifestyles, which they said they had acquired by shifting their perspective to a success-driven mentality.

Source: https://www.euronews.com/next/2022/04/29/8-arrested-in-spain-for-running-a-cult-like-crypto-trading-academy-scam-targeting-young-pe

Windows 11 ‘Restore Apps’ Feature Will Make It Easier To Set up New PCs

Microsoft is working on a new feature for Windows 11 called ‘Restore Apps,’ which would allow users to rapidly reinstall all of their previously installed apps from the Microsoft Store on a new or newly installed PC.

Restoring all of your previously installed programmes is one of the most time-consuming chores when setting up a new Windows installation. While desktop programmes will still require manual installation, the latest Windows 11 capability will allow you to install all of the Microsoft Store apps associated with your account with a single click.

Source: https://www.bleepingcomputer.com/news/microsoft/windows-11-restore-apps-feature-will-make-it-easier-to-set-up-new-pcs/

SEO Tool Ahrefs Invests $60M in Building Creator-friendly Search Engine, ‘Yep.’

Ahrefs, a search engine toolkit firm, just told me that they’ve been secretly working on their own search engine, called Yep, and have invested $60 million in it. It’s a one-of-a-kind offering, as it runs its own search index rather than relying on Google or Bing APIs.

What about the name? I’m not sure; it seems a little silly to me, but at least it’s one character shorter than Bing, the other major search engine I’ll never use unless it’s by accident. Apart from the name, Yep is forging a new path in internet advertising, vowing to give 90% of its ad profits to content creators.

Source: https://techcrunch.com/2022/06/03/yep-search-engine/

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