The U.K. Online safety bill, a new law that will significantly increase the responsibilities of Big Tech firms for the content posted in their platforms, may raise costs for small businesses, said Gill Whitehead in an interview with the Financial Times. Get the Full Story...
There are new European Union proposals which purport to monitor crypto transactions with unhosted wallets, which could reportedly breach the risk-based approach that is being pushed by money laundering regulators, a European Banking Authority official said Wednesday (April 27). Get the Full Story Complete the...
Google and Facebook owner Meta have both pledged to permit only registered financial firms to advertise promotions on their sites, the head of the U.K. Financial Conduct Authority (FCA) said. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Elon Musk is inches away from sealing a deal to buy Twitter for approximately $43 billion, according to different news outlets. Musk, a self-described “free speech absolutist,” said in an interview during a TED conference on April 14 that “it is very important for [Twitter]...
On Saturday, April 23, 2022, at 2 a.m. the European Parliament and EU Member States reached a preliminary agreement on the Digital Services Act (DSA). The DSA establishes an extraordinary new threshold for internet platforms’ accountability when it comes to unlawful and harmful information. According...
After months of reading how lawmakers around the world are proposing new crypto regulations, crypto firms have decided to organize themselves to have a say in the design of these new regulations. Get the Full Story Complete the form to unlock this article and enjoy...
Today is Friday (April 22), and a crypto bank that was granted a conditional license last year is now being called to the carpet by the Office of the Comptroller of the Currency (OCC) for anti-money laundering (AML) violations. Plus digital payments firm TransferMate will...
Citing sanction-busting fears that have grown since Russia’s invasion of Ukraine, the International Monetary Fund (IMF) has called for a global crackdown on cryptocurrencies that would bring them into the capital control regimes that govern traditional assets. Get the Full Story Complete the form to...
In an April 13 blog post, the International Monetary Fund (IMF) explained the benefits that FinTech companies have brought to consumers, but it also highlighted the challenges that these sometimes lightly regulated entities pose for regulators. The IMF’s recommendation to reduce risks is more regulation....
