All articles tagged with #license
An airline has shut down after losing its Air Operator's Certificate (AOC), with several other airlines worldwide also ceasing operations due to license revocations, bankruptcy, or safety issues, highlighting the importance of regulatory compliance in the aviation industry.
A proposed class-action lawsuit against Amazon claims that the company misleads consumers by marketing digital movies and TV shows as purchases when they are actually licenses, which can be revoked if distribution rights change. The lawsuit argues that Amazon's notice about this is insufficiently clear, and recent California laws may strengthen such cases. This raises concerns about digital ownership and the potential for digital content to disappear from users' libraries.
British foreign minister David Lammy went fishing with US Vice President JD Vance at Chevening House without a proper rod license, leading him to self-report the oversight and purchase the necessary license to avoid a potential fine, highlighting a diplomatic and legal mishap during a social visit.
India has granted a license to Elon Musk's Starlink to launch satellite internet services, marking a significant step towards providing broadband access in remote areas of the country, though challenges remain in pricing and regulatory approvals.
A cannabis shop in Rochester, New York, called Triclomes, LLC, was raided by the Office of Cannabis Management (OCM) for allegedly selling THC products without the proper license. The owner, John Brown, claims that the state overstepped its authority during the raid and plans to fight it in court. Surveillance video shows OCM members confiscating products without testing or counting them. Brown estimates that between $1 million and $2 million worth of assets were seized. The state argues that Triclomes and other shops raided in recent months do not have permission to sell THC products to recreational-use customers.
Ripple has obtained in-principle approval for a Major Payments Institution License from the Monetary Authority of Singapore, allowing its Singapore branch to offer regulated digital payment token products and services and further scale its customers' use of its crypto-enabled On-Demand Liquidity platform. Ripple's Singapore office saw a 50% YoY increase in headcount, hiring across key functions such as business development, compliance, finance, legal, and sales as it ramps up its presence in the country. MAS has approved 190 Major Payment Institution licenses and 11 Digital Payment Token Service licenses so far.
EU states have approved the world's first comprehensive set of rules to regulate crypto assets, requiring firms that want to issue, trade and safeguard crypto assets, tokenized assets and stablecoins in the 27-country bloc to obtain a license. The move puts pressure on countries such as Britain and the United States to follow suit and come up with global norms for cross-border activity. Regulating crypto has become more urgent for regulators after the collapse of crypto exchange FTX.
A 16-year-old driver without a license or permit crashed an SUV, killing himself and four young relatives, while injuring a sixth passenger. The driver may have fallen asleep or become distracted before the accident, which occurred on a New York parkway. The SUV had been rented to a relative, and authorities are investigating how the driver had access to the car. The victims included two sets of siblings, and a GoFundMe page has been set up to help the grieving family.