TechREG

Big Tech Firms Publish Monthly Active Users Data for EU

Big Tech Firms Publish Monthly Active Users Data for EU
Big Tech Firms Publish Monthly Active Users Data for EU
February 17, 2023  |  Legal & Regulation

Big tech companies have released monthly active users (MAU) numbers to comply with a regulation. Reuters reported Friday (Feb. 17) that the firms released the numbers because...

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Binance Exec Admits to Past ‘Gaps’ in Compliance
Binance Exec Admits to Past ‘Gaps’ in Compliance
February 16, 2023  |  Cryptocurrency

A Binance executive says the cryptocurrency firm had compliance “gaps” it has since closed. Patrick Hillmann, the company’s chief strategy officer, told the Wall Street Journal Wednesday (Feb....

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PayPal Backs Australia’s BNPL Regulation Plans
PayPal Backs Australia’s BNPL Regulation Plans
February 16, 2023  |  BNPL

PayPal has lent its support to Australia’s planned buy now, pay later (BNPL) regulations. In a letter released Thursday (Feb. 16) as part of a government inquiry into...

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Regulators Clear Stablecoin Path for Reluctant Banks 
Regulators Clear Stablecoin Path for Reluctant Banks 
February 15, 2023  |  Payment Methods

The regulators’ crackdown may chill private firms’ clamor to mint and issue stablecoins. And pave the way for banks to take the lead in stablecoin...

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NatWest Pays $174M for UK Savings FinTech Cushon 
NatWest Pays $174M for UK Savings FinTech Cushon 
February 13, 2023  |  Partnerships

One of the U.K.’s largest banks is expanding its workplace savings offerings. NatWest announced Monday (Feb. 13) it was acquiring Cushon, a British FinTech that provides...

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SEC and NYDFS Heat Puts Binance-Branded Paxos Stablecoin on Ice 
SEC and NYDFS Heat Puts Binance-Branded Paxos Stablecoin on Ice 
February 13, 2023  |  Cryptocurrency

The U.S. Securities and Exchange Commission (SEC) is doubling down on its regulation-by-enforcement approach. It is also getting a little local help from the New...

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The Four Cracks in the Crypto Business Model
The Four Cracks in the Crypto Business Model
February 10, 2023  |  Cryptocurrency

The four horsemen of the crypto apocalypse are currently trampling over the sector’s 2023 aspirations. This, as the post-FTX digital asset landscape finds itself facing...

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UK Sets Stage for Future Digital ID Legislation and Data Use
UK Sets Stage for Future Digital ID Legislation and Data Use
February 03, 2023  |  Legal & Regulation

The U.K. government is seeking public comment on how to make it easier to prove one’s identity online. Consumers can comment on the draft legislation...

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