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In yet another development facing the billionaire’s social media platform, the European Union (EU) commission has opened an investigation into Elon Musk ’s X (formerly Twitter). Moreover, the EU has reportedly threatened Musk with sanctions after the Tesla CEO failed to comply with hits censorship requests. The investigation arrived after a recent controversy arose regarding the platform. Subsequently, a host of advertising threatened to exit it entirely. Now, the New York Times reported the formal investigation after Musk failed to “counter illicit content and disinformation” on X. JUST IN: 🇪🇺 EU Commission opens investigation into X & threatens Elon Musk with sanctions for failure to comply with censorship request. pic.twitter.com/6VGOM1EGde — Watcher.Guru (@WatcherGuru) December 18, 2023 Also Read: Elon Musk Planning to Start a New University in Austin, Texas Musk’s X Facing EU Investigation After Failure to Com...

Under the Future Finance Act, the German government is pushing for more welcoming regulations for startups working with financial innovation. The German government is pushing for more welcoming regulations for startups working with financial innovation in the country, according to the newly drafted legislation of the "Future Finance Act" introduced by the finance ministry on April 5.  Key goals of the legislation include capital markets digitalization through the issuance of electronic securities on a Blockchain and improved portability of crypto assets. According to a translated version of the draft bill, Germany's "capital market should become more modern and efficient in order to mobilize more private capital for future investments." Among the government's targets is to create a favorable environment for startups and investors in the country. The legislation reduces the minimum market capital for initial public offerings (IPOs) from 1.25 million euros ...