Today in TechREG, U.S. Senators Cynthia Lummis and Kirsten Gillbrand have introduced their long-awaited crypto bill that outlines the legal framework for crypto assets and establishes new powers to regulators. Bitcoin and other cryptocurrencies are at the center of the debate in a hearing held...
Today, a court in Australia found Google liable for defamatory videos posted on its YouTube platforms targeting a senior politician. The court ordered Google to pay around $500,000, but the ruling adds pressure on Big Tech to apply content moderation rules to their platforms. FinCEN...
The Financial Crimes Enforcement Network (FinCEN) on Friday (June 3) issued an Advance Notice of Proposed Rulemaking (ANPRM) relating to the implementation of a no-action letter process at FinCEN. A no-action letter is used as a form of enforcement tool where an agency states by...
Several House and Senate leaders from both parties will be moving forward with online privacy legislation, The Wall Street Journal (WSJ) wrote Friday (June 3), which would put limits on how consumer data can be collected by companies. Get the Full Story Complete the form...
This week in TechREG, regulators in Europe and the United Kingdom continue exploring new rules in the cryptocurrency space. 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...
This week in TechREG has been quieter than usual as lawmakers didn’t hold congressional hearings and regulators didn’t make important announcements. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
The European Commission has launched a public consultation to gather information for its review of the second EU Payment Services Directive (PSD2). The Commission has published two papers on this issue, a questionnaire for the general public and one for industry experts. Get the Full...
Today in TechREG, three European Union supervisory authorities, including the banking and financial markets authorities, advocated for amending sectoral laws to include more powers to strip companies’ authorizations for serious breaches of anti-money laundering (AML) violations. In the U.S., the California Department of Financial Protection...
New York Federal Reserve President John Williams said developing digital currency and payment technology could impact how the Fed works with monetary policy and does its balance sheet, Reuters wrote Wednesday (June 1). Get the Full Story Complete the form to unlock this article and...
