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LONDON: The crash of FTX exchange has injected greater urgency into regulating the crypto sector and targeting such 'conglomerate' platforms will be the focus for 2023, the new chair of global securities watchdog IOSCO said in an interview. Jean-Paul Servais said regulating crypto platforms could draw on principles from other sectors which handle conflicts of interest, such as at credit rating agencies and compilers of market benchmarks, without having to start from scratch. Cryptoassets like bitcoin have been around for years but regulators have resisted jumping in to write new rules. But the implosion at FTX, which left an estimated one million creditors facing losses totalling billions of dollars, will help change that, Servais told Reuters. "The sense of urgency was not the same even two or three years ago. There are some dissenting opinions about whether crypto is a real issue at the international level because some people think that it's still not a...

Apple released a software update for iPhone 12 users in France to fix high radiation levels, which has been approved by French regulators . The company had been threatened with sales suspension if they didn't fix the issue earlier this month. France halted iPhone 12 sales until Apple fixed the devices and bought the electromagnetic radiation compliance with European standards. The increased emitted electromagnetic radiation observed by regulators appears to have been the result of successive software update s issued by Apple, and was not present when the ‌‌iPhone‌‌ 12 was launched in 2020. The ANFR had ordered Apple to "remove the ‌‌‌iPhone‌‌ 12‌ from the French market from September 12 due to the model exceeding the limit" for electromagnetic absorption by the body. Ministers later said that though the the radiation level was above the accepted standard, it was not dangerous and people were safe to continue usi...