FinTechs were alerted that non-bank issuers of prepaid payment instruments (PPIs) can’t load cards and digital wallets with funds through credit lines, the Reserve Bank of India (RBI) announced on Tuesday (June 21), according to multiple media sources. Get the Full Story Complete the form...
When Senators Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.) revealed that their bipartisan bill creating a regulatory framework for cryptocurrencies would define most digital assets as commodities instead of securities, the response was predictable. Get the Full Story Complete the form to unlock this article...
Today in TechREG, the Consumer Financial Protection Bureau (CFPB) has encouraged buy now, pay later (BNPL) providers and credit report agencies to standardize BNPL payment data for the benefit of consumers. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
The U.K. government has used the London Tech Week that is taking place this week as the platform to unveil a series of proposals that aim to make the U.K. a global tech superpower. Get the Full Story Complete the form to unlock this article...
Qualcomm has won its appeal of a €997 million (about $1.04 billion) fine from European Union regulators over payments made to Apple to use Qualcomm chips after Europe’s General Court ruled in its favor regarding the 2018 penalty, according to The Verge Wednesday (June 15)....
The Office of the Comptroller of the Currency (OCC) published last week, on June 7 and 8, two notices seeking comments about the agency’s plans to collect more information from banks and other institutions on crypto assets and identity theft red flags. Get the Full...
Today in TechREG, it was revealed that Big Tech firms signing up for a European Union disinformation code will have to share data with regulators about how they tackle fake news, deepfakes and fake accounts on their platforms. The code could be published Thursday (June...
Today in TechREG news, the European Commission will see the results (June 13) of a public consultation on the digital Euro and according to the comments already received, EU citizens may not be thrilled. Amazon suggests sharing data with sellers and boosting the visibility of...
Australia, the European Union, the United Kingdom and the U.S. are looking at regulating the buy now, pay later (BNPL) sector. Last year, all three entities announced initiatives that sought to bring these mostly unregulated products into a legal framework that could offer more protection...
