Day: June 26, 2020

U.S. government asks tech CEOs to ensure online platforms not used to spur violence

WASHINGTON (Reuters) – The U.S. Department of Homeland Security sent a letter to chief executives of five large tech companies asking them to ensure social media platforms are not used to incite violence in the wake of nationwide protests following George Floyd’s death.

FILE PHOTO – U.S. Department of Homeland Security emblem is pictured at the National Cybersecurity & Communications Integration Center (NCCIC) located just outside Washington in Arlington, Virginia September 24, 2010. REUTERS/Hyungwon Kang

“I am writing to ask you to do your part to put an end to violence and illegal activity spreading across our country by ensuring that your platforms are not used as a tool to organize, facilitate, or incite dangerous or deadly riots, in violation of state and local laws,” Acting Secretary Chad Wolf said in the letter.

Wolf said the department supports First Amendment rights that allow citizens to freely express themselves but cautioned

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Telegram to pay $18.5 million, return investor money to settle SEC charges

WASHINGTON (Reuters) – Telegram Group Inc has agreed to return $1.2 billion to investors and pay an $18.5 million civil penalty to resolve charges over an unregistered digital token coin offering, the U.S. Securities and Exchange Commission (SEC) said on Friday.

The regulator in October halted a $1.7 billion digital token offering by the firm, which is best known for its messaging app, saying Telegram had raised capital to finance its business by selling 2.9 billion “Grams” to global investors. The SEC said in a statement on Friday it had obtained court approval of the settlements with Telegram and its TON Issuer subsidiary.

Telegram neither admitted to or denied the SEC’s allegations.

The agency has been seeking to crack down on the fledgling cryptocurrency industry. SEC has taken the position that initial coin offerings are securities offerings and therefore subject to SEC offering rules, which require companies to file registration

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Canadian visa program may lure tech workers blocked by Trump

TORONTO/OTTAWA (Reuters) – A fast-track visa program that Canada launched in 2017 has attracted a growing number of tech workers, and U.S. President Donald Trump’s latest immigration crackdown is set to further boost intake once COVID-19 restrictions ease, lawyers say.

FILE PHOTO: Marco Mendicino poses with Canada’s Prime Minister Justin Trudeau after being sworn-in as Minister of Immigration, Refugees and Citizenship during the presentation of Trudeau’s new cabinet, at Rideau Hall in Ottawa, Ontario, Canada November 20, 2019. REUTERS/Blair Gable

The number of successful applicants to Canada’s Global Skills Strategy (GSS) program rose five-fold over its first three years, with more than 23,000 workers approved under the top five tech categories, data provided to Reuters by Immigration, Refugees and Citizenship Canada (IRCC) shows.

More than 2,300 applications for those same top five tech roles were approved from January to March 2020, ahead of the COVID-19 shutdowns that led to border

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Filipino lawyer says he’s been framed over Wirecard’s missing billions

MANILA/SINGAPORE (Reuters) – A Filipino lawyer embroiled in a multi-billion dollar fraud at Wirecard, Mark Tolentino, told Reuters that he was surprised to be linked to the German payments firm and that he was the “victim of a frame-up”.

Attorney Mark Tolentino poses in Makati City, Metro Manila, Philippines, in this 2013 handout photo. Mark Tolentino/Handout via REUTERS

Wirecard went bankrupt earlier this week after disclosing that $2.1 billion of cash supposed to be in bank accounts in the Philippines probably didn’t exist. The revelation led to the arrest of its former chief executive and has triggered probes in Germany, Brussels and the Philippines as investigators try to determine what happened.

In a phone interview with Reuters, Tolentino said he opened six bank accounts for a Singapore-based firm but did not know until the scandal broke that they were for Wirecard. He said the accounts never had more than a

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