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Light Sentence Puts Damper on U.S.’s Offshore AML Efforts
Light Sentence Puts Damper on U.S.’s Offshore AML Efforts
May 23, 2022  |  AML

U.S. prosecutors planned to send a message to the largely offshore crypto industry this week about the cost of ignoring the anti-money laundering (AML) laws...

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CFPB, NY AG Shutter ‘Deceptive’ Debt Collection Shops
CFPB, NY AG Shutter ‘Deceptive’ Debt Collection Shops
May 23, 2022  |  Legal

The federal Consumer Financial Protection Bureau (CFPB) and the New York state attorney general filed a proposed judgment in federal court to settle its case against...

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Didi Moves Closer to NYSE Delisting
Didi Moves Closer to NYSE Delisting
May 23, 2022  |  Ridesharing

Shareholders in Chinese ride-hailing app Didi Global have voted to delist the company from the New York Stock Exchange (NYSE), the company announced in a...

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Airbnb to End Domestic Listings in China, Citing Cost, Competition
Airbnb to End Domestic Listings in China, Citing Cost, Competition
May 23, 2022  |  Travel Payments

Airbnb won’t be going forward with its domestic listings in China, CNBC wrote Monday (May 23), citing costs and competition. Get the Full Story Complete...

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Klarna to Cut About 700 Jobs Due to Inflation, War
Klarna to Cut About 700 Jobs Due to Inflation, War
May 23, 2022  |  Economy

Swedish buy now, pay later (BNPL) FinTech Klarna will lay off about 10% of its staff due to the effects of inflation and the Russia-Ukraine...

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UK Lending FinTech Creditspring Raises $60M
UK Lending FinTech Creditspring Raises $60M
May 23, 2022  |  Investments

London-based FinTech Creditspring has raised $60 million in new capital, bring its total funds raised since its 2016 launch to $88 million, the company announced...

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eBay, OneOf Partner on NFT Development and Sales
eBay, OneOf Partner on NFT Development and Sales
May 23, 2022  |  NFTs

Global commerce giant eBay and non-fungible token (NFT) producer OneOf announced Monday (May 23) that they are collaborating on the production and sale of animated...

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BNP Paribas Becomes Latest Bank to Embrace Blockchain
BNP Paribas Becomes Latest Bank to Embrace Blockchain
May 23, 2022  |  Blockchain

French bank BNP Paribas has joined a U.S.-based blockchain-powered network overseen by JPMorgan to use digital tokens for short-term trading in fixed income markets, stepping...

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Sokin, Mastercard Expand Digital Banking Partnership Across MENA
Sokin, Mastercard Expand Digital Banking Partnership Across MENA
May 23, 2022  |  emea

United Kingdom-based global currency account provider Sokin announced an expanded partnership with Mastercard to offer consumers in almost 40 new markets across the Middle East...

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