The rocky road to confirm President Joe Biden’s pick to head the Office of the Comptroller of the Currency (OCC) hit potholes during the Senate confirmation hearing as Saule Omarova’s childhood in the former Soviet Union — now Kazakhstan — and her undergraduate work were...
European Union lawmakers are moving forward with a plan to target Big Tech companies’ anticompetitive practices, the Financial Times (FT) reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
The U.S. Securities and Exchange Commission (SEC) are looking into BlockFi Inc. and its product that pays its customers high interest rates for lending their digital tokens, according to a BNN Bloomberg report Wednesday (Nov. 17). Get the Full Story Complete the form to unlock...
The Financial Crimes Enforcement Network (FinCEN) has rolled out its first priorities to fight money laundering and the financing of terrorism, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
The number of up-and-coming FinTech startups seems to have exploded in recent years, driven by advances in technology, adoption of newer forms of payment, such as cryptocurrency, and consumer demand for more personalized solutions. Get the Full Story Complete the form to unlock this article...
A pair of U.S. senators is introducing a bill that would change some of the cryptocurrency tax reporting rules included in the new $1.5 trillion infrastructure bill. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Cross-border payments are an integral part of day-to-day operations for individuals and businesses in Africa, but transferring funds across the 54 countries in the region is not without its challenges. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
In the latest chapter of a struggle involving an Indian retailer, the independent directors of Future Retail have asked the Competition Commission of India (CCI), the country’s antitrust body, to revoke its approval of a 2019 deal in which Amazon purchased 49% of one of...
The blockchain space continues to boom, and recent data from the International Monetary Fund (IMF) shows that the market capitalization of stablecoins – digital currencies pegged to a stable asset like the U.S. dollar or Euro – has quadrupled to over $120 billion in 2021,...