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Report: DOJ Investigates Visa Merchant Practices
Report: DOJ Investigates Visa Merchant Practices
August 16, 2023  |  Regulation

Visa is reportedly the target of a Department of Justice (DOJ) probe into its tokenization practices. The DOJ’s interest in Visa is part of a long-running investigation, Bloomberg reported...

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Amazon to Impose New 2% Fee on Some Merchants
Amazon to Impose New 2% Fee on Some Merchants
August 16, 2023  |  Amazon

Amazon is reportedly set to impose a new fee on third-party sellers who do not use the company’s logistics services. Starting in October, thousands of merchants...

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NY Regulator Wants to Rein in ‘Abusive’ Prescription Drug Pricing
NY Regulator Wants to Rein in ‘Abusive’ Prescription Drug Pricing
August 16, 2023  |  Regulation

New York’s financial regulator wants to regulate the companies that help set prescription drug costs. The New York Department of Financial Services (NYDFS) announced Wednesday...

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Amazon Expands Sponsored Products Ads to Other Apps and Websites
Amazon Expands Sponsored Products Ads to Other Apps and Websites
August 16, 2023  |  Amazon

Amazon has expanded its Sponsored Products ads to other apps and websites. This move aims to provide customers with more convenient and seamless shopping experiences, allowing them to discover...

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Coinbase Gets Green Light to Offer Crypto Futures Trading
Coinbase Gets Green Light to Offer Crypto Futures Trading
August 16, 2023  |  Cryptocurrency

Coinbase has scored a regulatory victory by getting permission to offer crypto futures trading. That approval, announced Wednesday (Aug. 16), came from the National Futures Association, a self-regulatory...

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Robotaxis Ready to Become a Reality in San Francisco
Robotaxis Ready to Become a Reality in San Francisco
August 16, 2023  |  Technology

Paid, driverless taxis are set to become a regular part of life in San Francisco. As Bloomberg News reported Wednesday (Aug. 16), Waymo and Cruise recently received permission from California regulators...

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UK Launches FinTech Fund Backed by Mastercard and Barclays
UK Launches FinTech Fund Backed by Mastercard and Barclays
August 16, 2023  |  Startups

The United Kingdom has taken a significant step to bolster its position as a global FinTech investment hub by launching a £1 billion investment fund,...

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PayPal to Pause UK Cryptocurrency Sales to Meet Regulatory Changes
PayPal to Pause UK Cryptocurrency Sales to Meet Regulatory Changes
August 16, 2023  |  Cryptocurrency

PayPal will reportedly place a temporary halt on cryptocurrency sales for its U.K. customers starting from October. This decision comes as the company aims to...

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Open Exchange Fined $2.7 Million for UAE Crypto Violations
Open Exchange Fined $2.7 Million for UAE Crypto Violations
August 16, 2023  |  Cryptocurrency

Dubai has fined cryptocurrency firm Open Exchange nearly $3 million for violating its digital asset rules. The country’s Virtual Assets Regulatory Authority (VARA) said in a regulatory notice Tuesday (Aug....

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