Coinbase cuts staff amid a battered crypto market, Coca-Cola and PepsiCo are in the FTC’s sights over pricing, European luxury car makers are after the EV market, and other news to come.
“We are taking action now to protect our brand,” explained Mark Baudiss, vice president of product management at Coca-Cola in a statement.
“We take measures to ensure that we do not run into barriers, risk arbitrage, or competition, and to protect our best customers.”
The new rules will apply to all cryptocurrencies, including bitcoin, the digital certificate, and other digital currencies, including digital currency coins, even if those cryptocurrencies are issued by the same exchange. With a minimum of 2.8 percent of its sales, the new rules apply to cryptocurrency and digital funds.
The government has made the new rules even more stringent and now includes the introduction of “backflip”, a new way to collect cryptocurrency transactions.
Coca-Cola CEO John Meegan told reporters, however, that the government “can’t do that.”