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UK online safety bill amendment would require arbitration. US Treasury Department’s cryptocurrency framework. US ethics standards for cryptocurrency regs. CISA on election tampering.

by Crypto News
July 8, 2022
in Cryptocurrency
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UK online safety bill amendment would require arbitration. US Treasury Department’s cryptocurrency framework. US ethics standards for cryptocurrency regs. CISA on election tampering.
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  • UK on-line security invoice modification prohibits banning of content material with out arbitration. 
  • US Treasury Division publishes reality sheet on cryptocurrency framework.
  • US authorities staffers prohibited from engaged on insurance policies impacting their crypto holdings. 
  • CISA warns that election tampering may be an inside job.

UK on-line security invoice modification prohibits banning of content material with out arbitration. 

The Guardian reports that the UK’s on-line security invoice has a brand new modification stating that articles in breach of a web-based platform’s phrases and circumstances can’t be taken down till the writer has been notified and has obtained the decision of any enchantment to the platform. The purpose of the modification, which is aimed toward tech giants like Fb and Twitter, is to make sure that content material can’t be out of the blue banned from a platform with out arbitration – as occurred final yr, when YouTube banned the digital station TalkRadio from its platform with out warning for violating its content material tips. 

The adjustments have been made in response to worries that the unique invoice’s provisions for eradicating dangerous content material gave tech corporations an excessive amount of leeway. Tradition secretary Nadine Dorries acknowledged, “We’ve seen tech corporations arbitrarily take away professional journalism with a whole lack of transparency and this might critically affect public discourse. These additional protections will cease that from occurring.” The invoice nonetheless maintains that unlawful content material like terrorism or little one abuse might be eliminated with out enchantment. The invoice is scheduled to return to parliament subsequent week earlier than being applied subsequent yr.

US Treasury Division publishes reality sheet on cryptocurrency framework.

The US Treasury Division yesterday issued a reality sheet on its framework for addressing the cryptocurrency market. The doc emphasizes the necessity to collaborate with worldwide companions to develop requirements for digital fee architectures, whereas additionally making certain that “America’s core democratic values are revered.” Goals embrace making certain the security of the worldwide monetary system and its interoperability, and in addition making it tougher to make use of cryptocurrency for illicit transactions. To facilitate worldwide cooperation, the very fact sheet requires the US “to advertise the adoption and implementation of worldwide requirements by means of bilateral and regional engagements.” CoinDesk explains that the doc is the Treasury’s first response to President Biden’s latest govt order concerning the regulation of cryptocurrency.

US authorities staffers prohibited from engaged on insurance policies impacting their crypto holdings. 

This week the US Workplace of Authorities Ethics (OGE) issued a authorized advisory discover declaring that federal staff should not allowed to work on insurance policies that affect their cryptocurrency holdings. As CoinDesk explains, the advisory is aimed on the de minimis exemption, which permits the proprietor of a safety of an quantity beneath a sure threshold to work on coverage associated to that safety. The OGE acknowledged that this exemption doesn’t apply to cryptocurrency, even when the holdings in query “represent securities for functions of the federal or state securities legal guidelines,” and the advisory impacts all staff on the White Home and federal companies, together with the Federal Reserve and Treasury Division. One exception stays, and it issues mutual funds: staffers who’ve invested not more than $50,000 in a mutual fund with publicity to the crypto sector will nonetheless be permitted to contribute to crypto-related insurance policies.

CISA warns that election tampering may be an inside job.

As US election officers put together for the upcoming midterm elections, state officers gathered within the US state of Louisiana for the Nationwide Affiliation of Secretaries of State convention, StateScoop reports. Talking on the convention yesterday, Director of the US Cybersecurity and Infrastructure Safety Company (CISA) Jen Easterly famous that whereas ransomware and foreign-backed actors from Russia, China, and North Korea stay “very dynamic and sophisticated cyber threats,” state election officers should additionally give attention to stopping insider threats from staff working in election administration workplaces. Easterly acknowledged, “If we focus too intently on one set of threats, we’re very prone to miss these coming from one other course. Insider threats can do malicious issues. They’ll additionally pose malicious bodily threats.” 

Legislation enforcement officers in states like Michigan and Colorado are at present investigating circumstances wherein election staff gave unauthorized events entry to vote-tabulation units, servers, and different expertise belongings containing delicate voter knowledge. WPLG adds that CISA has been conducting web site visits and opinions of safety procedures, and different bodily assessments for state and native election officers. Kim Wyman, who leads CISA’s election-security efforts, stated such knowledge needs to be handled the way in which a financial institution may deal with its cash: “Pay attention to your chain of custody and inside controls. Very similar to a financial institution protects cash, you by no means need to have a state of affairs the place employees will get in proximity of ballots by themselves.” Suggestions embrace putting voting-related expertise beneath fixed video surveillance or defending the amenities holding such belongings with key-card entry. 



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