U.S. State Regulators issue warnings on virtual currency

  • Posted on 30th April 2014
U.S. State Regulators issue warnings on virtual currency

Investors should consider risks associated with virtual currencies, including bitcoin, before trading in them, two U.S. regulators warned on Tuesday.   The warnings are the latest in a string of advisories from U.S. state regulators, including Nevada and Maryland, as they look to toughen rules on the use of the controversial cryptocurrency.   “The value of virtual currencies is highly volatile and the…

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UK Government invests £500m in green cars

  • Posted on 29th April 2014
UK Government invests £500m in green cars

A £500 million initiative to boost the use of electric and hybrid vehicles, which still represent just one per cent of car sales in Britain, will be launched today by Nick Clegg.   The Deputy Prime Minister said he wanted to encourage drivers to ditch petrol or diesel vehicles by making it cheaper and more convenient to drive cars which…

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New York’s Case Against Airbnb Is Argued in Albany

  • Posted on 24th April 2014
New York’s Case Against Airbnb Is Argued in Albany

There was no room for agreement, and no agreement about rooms, in court on Tuesday in Albany. The stewards of the sharing economy think regulators should invent new rules to accommodate their innovative business practices. Regulators think these companies and their customers should accommodate themselves to the old laws. The clash, which is playing out in many cities, is driving an increasingly acrimonious…

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Details released of regulations for short term rentals in San Francisco

  • Posted on 15th April 2014
Details released of regulations for short term rentals in San Francisco

The short-term rental company Airbnb made waves when it announced that it will start collecting San Francisco’s 14 percent hotel tax from its guests in the city. And while this may be a first step in assuaging critics, it probably won’t be the last. It’s no secret that San Francisco Board of Supervisors President David Chiu is working on regulations for short-term rental companies like Airbnb,…

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Bill to regulate rideshare companies passes Illinois House

  • Posted on 10th April 2014
Bill to regulate rideshare companies passes Illinois House

New rules for unregulated rideshare companies such as Uber, Lyft, and Sidecar passed the Illinois House on Thursday over complaints the push was aimed at stifling competition to the state’s powerful taxi industry. The chamber voted 80-26 to support legislation sponsored by Rep. Michael Zalewski, D-Riverside, who described his measure as a “comprehensive, thoughtful” consumer-protection step. “We want to ensure…

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The French government prepares to take legal action against Uber

  • Posted on 2nd April 2014
The French government prepares to take legal action against Uber

The French government is preparing to take legal action against urban rideshare service UberPop, claiming it is providing an illegal taxi service by making a profit from its service, under the guise of carpooling.  The UberPop service was launched in France by Uber two months ago, offering a service where individuals can offer lifts to others in their personal cars for…

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