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Ant Group Overhauling Operations To Satisfy Chinese Regulators 

PYMNTS

After having its $37 billion dual IPO pulled by Beijing, Jack Ma’s Ant Group is working fast to overhaul operations to comply with government regulations, The Wall Street Journal reported on Friday (Jan. The company is keeping the lines of communication open and establishing a time frame to make changes, he noted.

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Wirecard North America goes on market, while operations allowed to resume in UK

Payments Dive

Wirecard North America officials said the company was looking for a new owner as the multi-billion accounting scandal at the German-based payments firm reverberated across the globe. UK regulators reached agreement to let operations resume there.

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U.S. Regulations to Consider When Managing a Cryptocurrency Fund

Perficient

For those wanting to start their own cryptocurrency fund, it’s important to be well informed about cryptocurrency regulations. Regulatory cryptocurrency regulations are most fluid at the state level. State Regulations. SEC Regulation. Central Bank Digital Currency (CBDC) ).

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Chinese Regulator Fines Luckin, 43 Other Companies In Fraud Case

PYMNTS

China's top regulator, the State Administration for Market Regulation, has fined coffee chain Luckin Coffee and other firms that helped it inflate its sales and expenses last year, The Wall Street Journal reported. The regulator said on Tuesday (Sept. The regulator said on Tuesday (Sept. WSJ reports.

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Big Tech Faces Regulation Reckoning As 2021 Dawns

PYMNTS

If 2020 was the year of streaming media, of content done a million different ways, of apps and Apple, and Google’s and Amazon’s algorithms … it was also the year of Big Tech regulation, where 2020 set the stage for a 2021 that could be seismic in changing the way companies — from Facebook to Apple to debt collectors — interact with consumers.

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FAA OKs American Robotics Drones To Fly Without Human Operators

PYMNTS

The Federal Aviation Administration is letting commercial drone-maker American Robotics operate drones without on-site pilots — but with a number of caveats, according to a decision recently posted on the agency’s website. based company stated in a news release. Under FAA rules, drones only may fly at altitudes lower than 400 feet.

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France To Allow And Regulate Crypto-Related Companies

PYMNTS

France’s financial regulator is set to approve a wave of cryptocurrency-related firms in the country, subjecting them to new rules that include paying taxes and complying with capital requirements and consumer protections, according to a report by Reuters. Because digital currency is so new, regulations vary around the world.