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Regulators Say Crypto Asset Holders Subject To Securities Laws
Regulators Say Crypto Asset Holders Subject To Securities Laws
October 13, 2019  |  Regulation

U.S. financial regulators have warned firms with registered digital assets that they must follow securities laws to prevent money laundering, as well as report any...

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Nubank FinTech Grows Client Base By 25 Pct Since August
Nubank FinTech Grows Client Base By 25 Pct Since August
October 13, 2019  |  Digital Banking

The largest FinTech startup in Latin America — Brazil’s Nubank — is reporting a 25 percent increase in the number of clients since August, Reuters...

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Cannabis Firms See Share Prices Nosedive
Cannabis Firms See Share Prices Nosedive
October 13, 2019  |  Investments

The public market for cannabis is off by more than 40 percent, despite the industry’s blazing forecast and enthusiastic quarterly reports, The Wall Street Journal...

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Google Play Store Boots Payday Loan Apps
Google Play Store Boots Payday Loan Apps
October 13, 2019  |  Google

High-interest consumer loans — often known as payday advances — are now banned from having apps on the Google Play store, The Wall Street Journal...

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Razorpay Hires Mastercard Exec To Work With RBI On Payment Regs
Razorpay Hires Mastercard Exec To Work With RBI On Payment Regs
October 13, 2019  |  Regulation

Bengaluru-based Razorpay would like to work with the Reserve Bank of India (RBI) on new regulations that would make it mandatory for payments companies to...

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Calibra Faces Trademark Infringement Suit Over Logo
Calibra Faces Trademark Infringement Suit Over Logo
October 11, 2019  |  Legal

Adding another possible legal showdown to the Libra crypto project, and potentially adding to its list of challenges, Facebook’s Calibra is facing a suit for...

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FTC’s Bureau of Competition Director To Leave Agency
FTC’s Bureau of Competition Director To Leave Agency
October 11, 2019  |  Personnel

After serving in the position for over two years, FTC Bureau of Competition Director Bruce Hoffman will be leaving the agency in November. FTC Chairman...

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P2P Lender Funding Circle Addresses Investors’ Withdrawal Concerns
P2P Lender Funding Circle Addresses Investors’ Withdrawal Concerns
October 11, 2019  |  Loans

Peer-to-peer (P2P) British-based lender Funding Circle sent out a letter to investors after they were unable to take out funds from the platform. Get the...

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Mastercard, Stripe, eBay And Visa Drop Out Of Facebook’s Libra Association
Mastercard, Stripe, eBay And Visa Drop Out Of Facebook’s Libra Association
October 11, 2019  |  Cryptocurrency

Mastercard, Stripe, eBay and Visa have all dropped out of Facebook’s Libra Association. The departures follow on the heels of PayPal’s exit a week ago,...

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