article thumbnail

Experts: US House Examines Legislative Actions To Combat Cybercriminals

PYMNTS

He also recommended that the Financial Stability Oversight Council (FSOC) be charged with “the responsibility to create a framework for regulating cryptocurrencies and developing guidelines for strong protections against money laundering and cybersecurity threats to those marketplaces.”.

US 227
article thumbnail

Finance Ministry: India Retailers With $7M+ Sales Must Accept Debit Cards

PYMNTS

The finance ministry in India passed a new regulation saying that companies with sales of more than ?50 The new regulation went into effect on Jan. 50 crores (about $7 million) will have to offer customers electronic payment modes like debit cards, powered by RuPay, according to a report by LiveMint. .

Cards 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Does ChatGPT Describe the Economy and Banking?

Jeff For Banks

Additionally, the implementation of new policies by the government, such as changes to taxes and regulations, could also influence economic outlook. Assistance in cyber security measures, such as "Describe the 2021 Kaseya ransomware attack."; The tool is still new and evolving.

article thumbnail

Why initial coin offerings will not replace venture capital for startups

Bussman Advisory

While regulators around the world have generally been attentive to the rise of ICOs, and have worked hard to understand them, there are still a number of thorny legal and regulatory issues to be addressed. There is disparity between jurisdictions and most countries have yet to address cryptocurrency tax questions in a meaningful way.

Capital 67
article thumbnail

Sacred Data for Sale, steal it while you can!

Lex Sokolin

They insist on inequitable, overly heavy-handed regulation and security expectations that stifle out young companies. To bring us back down to Fintech and cyber security, my main point is that *privacy* and *personal data* could be sacred in one context (e.g., Look at all those hypocrites in the large financial companies!

Data 40
article thumbnail

Sacred Data for Sale, steal it while you can!

Lex Sokolin

They insist on inequitable, overly heavy-handed regulation and security expectations that stifle out young companies. To bring us back down to Fintech and cyber security, my main point is that *privacy* and *personal data* could be sacred in one context (e.g., Look at all those hypocrites in the large financial companies!

Data 40