A European data privacy group head told Bloomberg that Facebook could stand to receive a monumental fine, among other penalties should the result of the investigation launched by the group showed that the social media giant violated European laws on data privacy.
Several policy makers in the US has voiced out the urgency to draft a legislation governing Bitcoin and other virtual currencies for the protection of investors following the abrupt disappearance of popular virtual currency exchange Mt Gox.
A report by Reuters said Google Inc has tapped lobbyists to ensure that Google Glass will not be effectively banned in proposed legislation in US states regarding regulation of headsets during driving.