December 01, 2022
Telecoms Seek to Unlock Financial Services for 1.7B Unbanked
The digital banking renaissance has laid out a golden opportunity for telecom companies. Although states have largely eased their pandemic restrictions, many habits consumers picked up in the past few...
November 28, 2022
Jyske Bank Accused of AML Violations by Danish Regulators
Danish regulators have reported Jyske Bank for possible anti-money laundering (AML) violations. Denmark’s Financial Supervisory Authority (FSA) said the lender’s due diligence methods had “significant shortcomings,” Reuters reported Monday (Nov. 28). ...
November 23, 2022
Calls For Regulation Intensify as UK Crypto Scams Jump 45%
From trading at less than a dollar in its first few years of existence to over $60,000 in late 2021, the story of bitcoin’s meteoric rise has often been used...
November 21, 2022
Lawsuit in England Alleges Crypto Lender Nexo Prevented Withdrawals
Cryptocurrency lender Nexo is being sued in England by investors who claim the company prevented them from withdrawing assets worth $126 million in March 2021 and then said it would...
November 21, 2022
UK Goes After Meta Over Data Collection
Facebook parent Meta is facing demands that it stop harvesting personal data in the UK for targeted advertisements in a new lawsuit that goes to the heart of Facebook’s business...
November 18, 2022
World Cup Runs Dry as Qatar Bans Booze at Stadiums
More than one million fans are expected to travel to Qatar for the FIFA World Cup Qatar 2022 as the so-called “beautiful game’s” biggest stage kicks off this Sunday (Nov. 20). But...
November 17, 2022
Interoperability as a Remedy in Antitrust Cases
Interoperability between the products and services of different firms promotes competition by lowering switching costs. Requiring dominant firms to make their products interoperable, or reducing barriers to interoperability, are important...
November 16, 2022
FTC Looks to Stop DK Automation Selling Alleged Fake Business...
Saying they made false claims promising consumers a “passive income,” the Federal Trade Commission (FTC) has taken action against DK Automation and its owners Kevin David Hulse and David Shawn...
November 15, 2022
Report: EU May Ban Privacy Coins
A leaked draft of an EU anti-money laundering (AML) bill suggests the organization could prohibit regulated financial institutions from dealing in privacy-enhancing cryptocurrencies such as Monero and Dash. According to...
Cryptocurrency exchanges are grappling with the EU’s PSD2 as they look to craft seamless experiences for their global customer bases. In the “Authenticated Payments Report,” a PYMNTS and LoginID collaboration, Marcus Hughes, of crypto exchange Coinbase, explains how platforms must build authentication measures that satisfy consumers and evolving regulations.