Many Indian ministers view bets on online gaming platforms as a "social evil", and the government believes a social as well as economic purpose will be served if revenues fall due to a new 28% tax, the revenue secretary said on Thursday.
Alex Mashinsky, the founder and former CEO of bankrupt cryptocurrency lender Celsius Network, was arrested and charged with fraud, a U.S. prosecutor in New York said Thursday, while three federal regulatory agencies sued him and his company.
Rather than spur a relief rally in China's battered tech sector, the past week's developments at Jack Ma-founded Ant Group have merely reminded global investors of the fickle nature of the country's regulatory policies and the fragility of the sector.
Top LNG traders Shell and BP have separately filed for arbitration against U.S. exporter Venture Global LNG for failing to supply contracted cargoes, even as it sold to non-contract customers as prices soared, four people familiar with the matter said.