Topic: consumer protections
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UK Debates Game Laws After Concord's Sudden Shutdown
The UK government is considering stronger consumer protections for video games after high-profile shutdowns like Concord, emphasizing the need for transparency about game lifespans and functionality. MP Ben Goldsborough highlighted the economic and emotional investments players make in games, adv...
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Congress Approves GENIUS Act, Boosting US Crypto Industry
The US House passed the GENIUS Act, the first comprehensive stablecoin regulation, requiring issuers to maintain low-risk reserves and comply with federal oversight, now awaiting the president's signature. The legislation aims to boost the stablecoin market, projected to grow tenfold to $2 trilli...
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Sony shuts down fan-made Concord revival with legal action
Sony has issued DMCA takedown requests to stop a volunteer-led project that restored online play for the discontinued game Concord using custom servers. Concord had an extremely short commercial life, being pulled from sale after two weeks and selling under 25,000 copies before Sony closed its de...
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Coinbase Withdraws Support for Senate CLARITY Act
Coinbase unexpectedly withdrew its support for the CLARITY Act, a major crypto regulation bill, just before a key Senate vote, derailing the legislative process. The company's reversal, citing problematic last-minute changes influenced by traditional banks, created a rift within the industry, as ...
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