Tag: fine

European Union Slaps $2.7 Billion Fine on Google

The European Union has slapped a $2.7 billion fine on Google for abusing its search engine market dominance in building its own online shopping service. The EU has found that Google has been denying “consumers a genuine choice” by manipulating its search engine results and steering customers to its own shopping platform. It’s alleged that Google has been artificially and illegally promoting its own price comparison service in searches and …
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Barcelona Imposes Hefty Fines on Airbnb and Homeaway For Operating Without A License

The sharing economy sounds like a great concept, but regulators often don’t see it that way. Both Airbnb and Homeaway have been fined by Barcelona officials, as they advertised and rented out apartments to tourists without a license. Although these 600,000 Euro fines won’t make much of a dent, it sets a precedent for home-sharing services in Europe. Major Fine For Home-Sharing Websites Active in Catalonia Consumers all over the …
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Dark Net Marketplace Admin Sentenced to Fine and Community Service

It is not the first time an administrator of a dark net marketplace has been convicted of a crime. Topix2, a one famous dark net market, has seen its admin sentenced to a fee of 17,000 GBP and 200 hours of community service. David Trai, who used to run this platform, was convicted for his role in selling illegal substances to customers all over the world. Topix2 Admin Gets Off …
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Digital Currency Exchange Bitfinex to Pay 75k Fine to CFTC

Hong Kong-based digital currency exchange Bitfinex (BFXNA Inc.) will be paying a $75,000 fine to the United States Commodity Futures Trading Commission (CFTC). According to the order, Bitfinex fully cooperated with CFTC investigators and submitted the 75k Offer of Settlement, which the CFTC has accepted. The order states that Bitfinex contacted the CFTC in September of last year to seek guidance on how it could structure its business to not …
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