Legal & Regulation

Legal & Regulation
US Senator Revamps Bill To Include New Agency To Enforce Data Privacy Laws
June 17, 2021

Sen. Kirsten Gillibrand wants to beef up privacy regulation and has rolled out a new version of her Data Protection Act, Vox reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

ANTITRUST
China Intensifies Antitrust Scrutiny On Domestic Tech Businesses
June 17, 2021

Chinese officials are stepping up antitrust probes into numerous domestic technology firms, popping into facilities unannounced, The Wall Street Journal (WSJ) reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

AML
Deep Dive: How Privacy-Enhancing Technologies Can Ease Customers’ AML/KYC Confidentiality Concerns
June 17, 2021

  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS...

Legal & Regulation
Proposed Bills Aim To Reduce Fines For NYC Main Street Businesses
June 16, 2021

New legislation proposed by two New York City council members aims to help mom-and-pop shops by reducing fines and relaxing code enforcement, The Wall Street Journal reported on Wednesday (June 16). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

ANTITRUST
Google And Amazon Face Antitrust Accusations On The Hill
June 16, 2021

Last week U.S. lawmakers fired a shot across Big Tech’s bow, introducing five new bills designed to curb what lawmakers have described as “unregulated power” held by the firms of Silicon Valley. If enacted, the legislation would mark the biggest changes to U.S. antitrust law...

AML
How Cryptocurrency Exchange Gemini Balances AML/KYC Compliance And Customer Privacy
June 16, 2021

Cryptocurrencies’ anonymous nature makes them popular, but crypto exchange platforms are still required to collect buyers’ personal data for anti-money laundering (AML) and know your customer (KYC) compliance. In the AML/KYC Tracker, Gemini Chief Compliance Officer Elena Hughes explains how platforms can selectively collect data...

Legal & Regulation
Senate Confirms Biden’s Pick, Lina Khan, For FTC Commissioner By 69-28 Vote
June 15, 2021

The Senate voted 69 to 28 on Tuesday (June 15) to appoint antitrust expert and known tech critic Lina Khan as a commissioner to the Federal Trade Commission (FTC), numerous news outlets, including Axios, reported. Get the Full Story Complete the form to unlock this...

Legal & Regulation
US Security Council Urges EU To Stop Singling Out American Tech Firms
June 15, 2021

The U.S. National Security Council (NSC) told the European Union to stop using the Digital Markets Act (DMA) to target American technology giants, the Financial Times reported, citing sources.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Legal & Regulation
Big Tech Compliance Tracker: Google Faces $270 Million Fine From France; Ohio AG Seeks To...
June 15, 2021

Here’s the latest news from the technology industry, which is coming under increasing global scrutiny.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...