News

WhatsApp Explains What Will Happen When Users Don’t Accept Its Privacy Changes

Published

3 years ago

March 2, 2021

whatsapp explains what will happen when users don't accept its privacy changes

WhatsApp’s updated Privacy Policy has been causing a lot of anger and confusion among the Facebook-owned instant messaging and voice-over-IP service since it has been released on January 4. Now, WhatsApp has finally explained what will happen to users who don’t accept it.

The new Privacy Policy states, among other things, that WhatsApp receives information from other Facebook companies and provides information to other Facebook companies.

“We may use the information we receive from them, and they may use the information we share with them, to help operate, provide, improve, understand, customize, support, and market our Services and their offerings, including the Facebook Company Products.”

TechCrunch was the first to reveal that WhatsApp plans to give users some time to review the changes before forcing them to make a decision whether to accept it or not. A newly created FAQ page makes it clear that users have until May 15 to accept the Privacy Policy updates.

Those who fail to meet the deadline won’t lose their WhatsApp account, but they won’t be able to use it to its full extend either. Instead, they will only be able to receive calls and notifications — not actually read or send messages from the app.

The accounts of users who don’t accept after May 15 will be considered to be inactive, which automatically triggers a 120-day countdown to account deletion. Once deleted, WhatsApp accounts can’t be restored.

Also Read: Spotify Is Now Available In 80+ Additional Countries

If you don’t want to accept the new Privacy Policy and allow WhatsApp to share your personal information with other Facebook companies, your best bet is to use an alternative instant messaging and voice-over-IP service.

For example, Telegram makes it possible for users to easily migrate their chat history from WhatsApp, and it has a far more user-respecting Privacy Policy to boot. Other WhatsApp alternatives worth considering include Signal, Viber, Discord, and Threema, just to name a few.

News

Binance Receives Virtual Assets License To Operate In Dubai

As its user base nears 200 million, CEO Richard Teng believes crypto adoption will soar over the next half of the decade.

Published

8 hours ago

April 19, 2024

Nour Nasir

binance receives virtual assets license to operate in dubai

Global crypto exchange Binance has been granted a full operational license in Dubai, in a move that’s expected to accelerate digital asset adoption and strengthen the UAE’s regulatory landscape.

The virtual asset service provider license (VASP) was granted by the Dubai Virtual Assets Regulatory Authority (VARA) and will allow Binance to extend its current range of services to retail investors, the company announced yesterday.

The move by Dubai authorities will be critical to Binance’s strategy of growing its user base globally. The crypto exchange expects to pass the 200 million user mark “quite shortly”, according to Richard Teng, the company’s CEO.

Once that milestone is achieved, Binance will have around twice as many users as rival platform Coinbase. Meanwhile, Crypto.com, another popular exchange with 80 million users, received a Dubai VASP license last week.

“We’re seeing much greater institutional adoption and institutional money coming into this space [along with] much greater regulatory clarity and a lot more jurisdictions approving [digital asset] products that bring in new investor classes,” Binance’s Richard Tang explained, adding: “As of now, we stand at about 5% crypto adoption globally, but that will become much faster moving forward”.

Also Read: Microsoft Invests $1.5 Billion In Abu Dhabi AI Tech Firm G42

Dubai and the UAE are extremely supportive of technologies like digital assets, and have already launched initiatives to boost adoption. The UAE has ambitious plans to become a world leader in the crypto economy of the future, with Dubai in particular being noteworthy for passing a new law to regulate virtual assets to support investors and exchanges.

“Global crypto regulation is currently showing diverging signs. Some developed countries have long suffered from crypto-related frauds and illegal exchanges. On the other hand, emerging nations like the UAE and Singapore have enacted crypto laws at faced pace,” said Vijay Valecha, chief investment officer of Dubai-based Century Financial.

As the UAE gears up to become one of the fastest-growing crypto capitals worldwide, investors and talent are flocking to places like Dubai. During 2023, the Emirates as a whole realized $204 million in capital gains from cryptocurrency investments, according to blockchain data analysts Chainalysis.