Legal & Regulation

AML
Coinbase, Fidelity, Robinhood Join TRUST AML Platform
February 16, 2022

Cryptocurrency firms Coinbase, Fidelity Digital Assets and Robinhood are among 18 virtual asset service providers (VASPs) joining the Travel Rule Universal Solution Technology (TRUST) platform that’s working to ensure digital assets comply with global anti-money laundering (AML) rules, CoinDesk reported Wednesday (Feb. 16). Get the...

Legal & Regulation
Bipartisan Legislation Would Update Health Data Privacy Laws
February 16, 2022

It’s been more than two decades since the nation’s healthcare data privacy law was enacted, and two United States senators say it’s time to revise the outdated regulations. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

ANTITRUST
US Chamber Aligns With Big Tech to Fight Antitrust Battles
February 16, 2022

Big Tech now has a big friend in Washington, D.C. with the U.S. Chamber of Commerce — the biggest lobbying group in the country — taking up the latest antitrust threats coming out of the White House and Congress. Get the Full Story Complete the...

Legal & Regulation
FCA ‘Concerned’ About Binance Accessing UK Payments Network
February 16, 2022

The United Kingdom’s Financial Conduct Authority (FCA) on Wednesday (Feb. 16) expressed concern about a deal that gives cryptocurrency exchange Binance access to U.K. payments network Paysafe a few months after it said the deal would trigger “significant risk” for consumers, Financial Times reported. Get...

Legal & Regulation
UK’s Platform Regulations Need More Scrutiny
February 16, 2022

The Online Safety Bill and the Digital Competition Bill need more scrutiny right now to anticipate some problems and deal with them in due time, Martin Kretschmer and Philip Schlesinger from the University of Glasgow told PYMNTS about the new approach adopted by the U.K....

Legal & Regulation
UK Seeks to Block ‘Legal but Harmful’ Content
February 16, 2022

In what could be the world’s toughest rules for social media platforms, two United Kingdom government officials have proposed comprehensive rules that would require tech firms to monitor “legal but harmful” content, The Financial Times reported. Get the Full Story Complete the form to unlock...

Legal & Regulation
Treasury Official Tells Senate Hearing Stablecoin Regulation Should be ‘Clear and Consistent’
February 15, 2022

Sen. Sherrod Brown (D-Ohio), chairman of the Senate Committee on Banking, Housing and Urban Affairs, said in a meeting recently that there should be more regulation behind things like stablecoins. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Legal & Regulation
GOP Senators Oppose Raskin for Fed Job, Block Vote
February 15, 2022

Republicans in the Senate have blocked a vote on some of President Biden’s Federal Reserve nominees, The Wall Street Journal reported Tuesday (Feb. 15), as they refused to attend the vote. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

CFPB
CFPB Acts to Guard Gov’t Benefits from Card Companies
February 15, 2022

The Consumer Financial Protection Bureau (CFPB) says it is taking action to keep prepaid card providers from illegally taking money from people receiving benefits from the government. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...