This week the most notorious development in the TechREG space is the agreement reached by EU institutions on the scope of the regulation that will govern crypto assets and crypto providers in Europe, the Markets in Crypto Assets Regulation (MiCA). With strong anti-money laundering checks...
This week in TechREG, the debate about which regulator should oversee crypto assets continued with a former head of the Office of the Comptroller of the Currency (OCC) suggesting that cryptocurrencies should be assessed as internet stocks. Gary Gensler, head of the Securities and Exchange...
Today in TechREG, European Union negotiators have reached an agreement about the scope of anti-money laundering (AML) rules for cryptocurrency transactions. While most of the transactions will need to be recorded and reported to the authorities if requested, some small transactions among unhosted wallets may...
Today in TechREG, allegations of fraud and scams against Walmart, Wells Fargo and Zelle followed very different paths. Whereas the lawsuit against the banking giant and the digital payment network was dropped, the Federal Trade Commission (FTC) sued the retailer in court. Also, EU lawmakers...
The European Parliament will hold the last plenary session before the summer recess from July 4 to July 7, and lawmakers are rushing to get all the legal texts ready for a vote. As expected, the schedule for the next plenary session is packed with...
The Office of Management and Budget (OMB) published on June 21 the Consumer Financial Protection Bureau’s (CFPB) Spring 2022 regulatory agenda, and surprisingly, only five rules have been included in the list, despite the CFPB’s crowded policy agenda. Get the Full Story Complete the form...
Crypto is increasingly taking center stage in the European Union, as talks on the Markets in Crypto Asset Regulation (MiCA) legislation are reaching their endgame. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Today in TechREG, regulators in Australia have received a formal complaint against the biggest retailers in the country for using a facial recognition technology that they said is “unreasonable intrusive.” A French regulator is facing backlash due to its Binance decision. China is seeking feedback...
U.S. Rep. Maxine Waters, chair of the Committee on Financial Services, and Rep. Al Green, chair of the Subcommittee on Oversight and Investigations, released a report Friday (June 24) on the “meme stock” phenomenon involving GameStop and its impact on the economy. Get the Full...
