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TikTok Restructures E-Commerce Business; IOSCO Proposes Global Crypto Regulation – ExchangeWire

TikTok Restructures E-Commerce Business; IOSCO Proposes Global Crypto Regulation – ExchangeWire

In today’s ExchangeWire news digest: TikTok readjusts its e-commerce business in a bid to break out of Asia; the IOSCO reveals a proposed global approach to crypto regulation; and Twitter accuses Microsoft of inappropriately harvesting data from the platform.TikTok has adjusted its e-commerce business in an effort to crack western markets such as the UK and the US. While TikTok Shop has been hugely successful in Asia, the social commerce platform has struggled to take off outside of APAC, prompting a restructure of ByteDance’s European business.The reshuffle comes as TikTok sues the state of Montana after it banned the social media platform,… 

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