regulation - page 18

Finance & Economics

JPMorgan Asks for Permission to Question Frank Founder About Transfers

JPMorgan Chase wants to interrogate Frank founder Charlie Javis as part of the proceedings on the transfers of millions of dollars.

News

FTX Lawyers Recover Billions and Bill Millions Investigating Exchange Reboot

FTX lawyers are exploring the possibility of restarting this cryptocurrency exchange.

Society & Lifestyle

FTC Sues Chargebacks911 and Alleges Use of Unfair Techniques

Chargebacks911, a company that specializes in helping consumers mitigate the effects of chargebacks, was sued by the Federal Trade Commission (FTC) and Florida.

Finance & Economics

IMF Lowers Forecast for Global Economic Growth After Banking Crises

The consequences of the coronavirus pandemic, which have not yet been fully overcome by the financial and industrial sectors, and the pressure factor in the form of banking crises have a negative impact on the prospects for economic growth.

Fintech & Ecommerce

UK Payments Startup Ryft Wins FCA Licence

Ryft, a UK-based startup that aims to replicate the success of Stripe, has announced that it has received an FCA license.

Society & Lifestyle

South Korea Fines Google $32 Million

The South Korean Fair Trade Commission (KFTC) fined Alphabet’s Google 42.1 billion won ($32 million).

News

First Citizens Community Bank Parent Gains Regulatory Approvals for Acquisition

The acquisition of HV Bancorp, previously announced by Citizens Financial Services, has received regulatory approval.

Fintech & Ecommerce

Israel Joins Online Banking and Provides Access to International Payment Providers

Back in June 2022, Israel began the process of open banking reform in an attempt to bring its outdated regulatory framework into line with the needs of the nation’s booming fintech sector. The road map for the reforms is set to conclude by November 2023 and although this could represent a real boon for both […]

News

Treasury Department Urges DeFi to Improve AML/CFT Controls

Both providers of DeFi services and the United States government are supposed to reduce AML/CFT vulnerabilities in decentralized finance (DeFi), enabling criminals to transfer and launder illicit proceeds

News

Google Bans Loan Apps Access to User Contacts

Android apps offering personal loan services will not be able to access users’ sensitive data, such as photos and contacts, with the new restrictions imposed by Google

News

Robinhood Reaches $10.2 Million Settlement on March 2020 Platform Outage

The American financial company Robinhood has reached an agreement with state securities regulators regarding the settlement of a situation related to operational and technical failures.

Blockchain & Crypto

French Lawmakers Propose Banning Crypto Promotions by Influencers

French legislators have introduced a proposal to prohibit influencers from promoting crypto and other risky financial products. Significant fines and even prison sentences are considered as punishment

Finance & Economics

BoE Plans to Change SMB Lending

Bank of England has revealed its plans to change the capital treatment for small business (SMB) lending, calling for a more risk-based approach

Blockchain & Crypto

UK Tax Authorities Change the Way Crypto Profits Should Be Filed

The UK Treasury introduced changes to the Self-Assessment tax return forms so that crypto assets are identified separately

Finance & Economics

Australian Taxation Office Implements Crypto Monitoring

The Australian Taxation Office is taking measures to monitor crypto transactions and ensure tax law compliance when it comes to digital assets with the help of a new data-matching tool

News

Biden Budget Proposes Crypto Mining Tax

A budget proposal by U.S. President Joe Biden aims to “reduce mining activity” with a 30% tax on electricity costs linked to the cryptocurrency mining process