Google is left with very little choice but to close their news site in Spain after an Intellectual Property law is set to come into effect around January 2015.
The law allows Spanish publishers to charge service providers, such as Google, for showing their publications, even if this was a small part of the article.
Google’s reasoning (ratio decidendi) behind the decision to close the site is down to the fact that they do not charge for advertising and would start operating at a loss. The tech giant might be forced to reconsider its presence within Europe after Germany recently passed a similar law which was scrapped after negotiations. Other investigations such as the companies tax avoidance and possible anti completive behaviour might be the final straw.
The Financial Conduct Authority (FCA) has not yet provided guidance on NFT’s specifically with regards to regulation in the United Kingdom (UK). However, the FCA