Regulation

Regulation
American Bankers Association Seeks More Oversight Of Cryptocurrency Entities
April 22, 2021

The American Bankers Association (ABA) said in testimony last week that it believes standards for cryptocurrency businesses should be strengthened. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Regulation
House Bill Requires Regulators To Create Digital Assets Working Group
April 21, 2021

A bill passed by the U.S. House of Representatives this week would create a digital asset working group designed to promote collaboration between regulators and the private sector to encourage innovation, according to a press release from Financial Services Republicans. Get the Full Story Complete the...

Regulation
German, Australian, British Regulators Unite For Tougher Big Tech Mandates
April 20, 2021

Antitrust regulators in the U.K., Australia and Germany have issued a warning that the COVID-19 pandemic was not a reason to acquire companies that would stifle competition, Financial Times (FT) reported on Tuesday (April 20). Get the Full Story Complete the form to unlock this...

Regulation
Big Tech Compliance Tracker: Alibaba Faces $2.75 Billion Fine From China; Google Hit With $36.5...
April 19, 2021

Here’s the latest news from the technology industry, which is coming under increasing global scrutiny from governments and consumers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...

Regulation
Big Tech Compliance Tracker: UK Launches Digital Markets Unit; Apple To Pay $3.4 Million Over...
April 12, 2021

Here’s the latest news from the technology industry, which is coming under increasing global scrutiny from governments and consumers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...

Regulation
German Prosecutors To Investigate BaFin Over Wirecard Scandal
April 12, 2021

Prosecutors in Frankfurt are opening a criminal investigation into the way Germany’s financial regulatory authority BaFin supervised Wirecard AG, and whether a portion of the watchdog’s workforce traded shares unlawfully, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy...

Regulation
US Senators: Apple Refused To Offer Witness At April Hearing On App Stores
April 09, 2021

Apple refused to offer a witness in a “timely manner” to testify at a hearing by the Senate Judiciary Committee’s Subcommittee on Competition Policy, Antitrust, and Consumer Rights to look into the competition issues that app stores bring to the surface, U.S. Sen. Amy Klobuchar...

Regulation
The UK’s New Big Tech Regulator Comes To Town
April 08, 2021

As of Wednesday (April 7) the U.K. has created a new Big Tech regulator for firms like Google and Facebook with the purported goal of protecting the nation’s competitive media landscape, and attempting to discover if a code of conduct could improve the balance of...

Regulation
UK Launches New Digital Markets Unit To Police Anti-Competitive Practices
April 07, 2021

The United Kingdom has launched what it calls a “tough new regulator” to ensure companies like Google and Facebook can’t stifle competitors and innovation using their outsized place in the market, according to a Wednesday (April 7) announcement. Get the Full Story Complete the form...