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India asks social media firms if they have complied with the new regulations

India has asked social media firms to provide specific details about whether they have complied with its new IT rules “as soon as possible” and “preferably today” even as the new regulations are being challenged by WhatsApp. In a letter to “significant social media intermediaries” — which New Delhi defines as social media firms with over...

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Indonesian crypto exchange Pintu gets $6M Series A led by Pantera, Intudo and Coinbase Ventures

Along with the stock market, cryptocurrency is also seeing an uptick among retail investors in Indonesia. Pintu, a platform focused on first-time cryptocurrency buyers, announced today it has raised a $6 million Series A, led by Pantera Capital, Intudo Ventures and Coinbase Ventures. Other participants in the round included Blockchain.com Ventures, Castle Island Ventures and...

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Tesla will store Chinese user data locally, following Apple’s suit

The handling of user data in China has become a delicate matter for American tech companies operating in the country. Apple’s move to store the data of its Chinese customers in servers managed by a Chinese state-owned cloud service has stoked controversy in the West over the years. A recent New York Times investigation found...

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UK’s Paysend raises $125M at a $700M+ valuation to expand its all-in-one payments platform

With more people than ever before going online to pay for things and pay each other, startups that are building the infrastructure that enables these actions continue to get a lot of attention. In the latest development, Paysend, a fintech that has built a mobile-based payments platform — which currently offers international money transfers, global...

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Matera raises another $43 million to turn residential building management into SaaS

French startup Matera has announced that is has raised a new $43 million (€35 million) Series B funding round led by Mubadala Capital. Bpifrance, Burda Principal Investments as well as existing investors Index Ventures and Samaipata are also participating. The company is building a vertical SaaS for residential property management. In France, co-owners of the...

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WhatsApp sues India government over new regulations

WhatsApp is suing the Indian government over new regulations in India that could allow authorities to make people’s private messages “traceable,” and conduct mass surveillance. The Facebook-owned instant messaging service, which identifies India as its biggest market, said it filed the lawsuit in the High Court of Delhi on Wednesday. It said New Delhi’s “traceability”...

US admits Xiaomi isn’t a ‘Communist Chinese military company’ after all
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US admits Xiaomi isn’t a ‘Communist Chinese military company’ after all

The US has formally removed Xiaomi from its trading blacklist. The US District Court for the District of Columbia issued a final order yesterday that vacated the Department of Defense’s designation of Xiaomi as a “Communist Chinese military company” (CCMC), which would have prohibited Americans from investing in the Chinese consumer tech giant. “The Company...

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US removes Xiaomi’s designation as a Communist Chinese Military Company

Xiaomi, one of China’s high-profile tech firms that fell in the crosshairs of the Trump administration, has been removed from a U.S. government blacklist that designated it as a Communist Chinese Military Company. The U.S. District Court for the District of Columbia has vacated the Department of Defence’s designation of Xiaomi as a CCMC in...