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....
For the second time in a month, the Securities and Exchange Commission has the crypto industry up in arms about what it calls an attempt at backdoor regulation that, depending on who you ask, falls anywhere on the spectrum between opaque and unconstitutional. Get the...
Shanghai’s market regulator has summoned a dozen eCommerce firms, including food delivery platforms Meituan and eleme.me, to discuss a range of topics including price gouging during the COVID pandemic. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
This was an active week for BigTech, particularly for Apple and Microsoft, both facing new antitrust problems in Europe. In addition, Apple’s CEO once again stated publicly that new regulations that would open up its App Store put people’s privacy at risk. The week was...
Former Treasury official Michael Barr is President Joe Biden’s leading contender to serve as the vice chairman of banking supervision for the Federal Reserve, according to multiple media reports on Wednesday (April 13) citing unnamed sources with insider information. Get the Full Story Complete the...
Federal Trade Commission (FTC) Chair Lina Khan said on Monday (April 11) that it is time for the agency to “reassess” rules around what data companies can collect from consumers. She called for a new approach to consumer data protection to replace the companies’ privacy...
