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European Commission Set to Propose New Telecom Regulations Next Week

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Facebook’s WhatsApp, Apple’s FaceTime and Skype are all on the European Commission’s list, which would include tightening security regulations. Regulatory changes are anticipated to include how security breaches are reported, as well as backup plan maintenance and other service policies. WhatsApp uses full-scale encryption. .

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Today In Payments Around The World: PayPal's Xoom Lowers Cost Of Sending Funds To Africa; Volante Accelerates Convergence For Exchange

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the ability to send secure funds to 12 countries in Africa for a reduced fee, while Volante Technologies Inc. Plus, HM Treasury is seeking input on the challenges that the sharing economy brings for value-added tax (VAT). and Europe the ability to send secure funds to 12 nations in Africa for a reduced charge. Canada, U.K.

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India’s Proposed Data Rules Prompt US Tech Pushback

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A plan by India to regulate what it terms “non-personal” data has roiled the executives of Big Tech companies like Amazon , Facebook and Google and advocates for freedom and competition in business, Reuters reported. The idea is for the companies to share data so as to spur research, national security and policymaking.

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Top News In Payments: The Fed Takes A Closer Look At Big Tech; Goldman CEO Denies Apple Card Credit Bias Claims

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In today’s top payments news, ongoing security concerns have caused the Federal Reserve to take a closer look at the Big Tech firms that serve the banking industry. Security Concerns Prompt Fed To Strengthen Big Tech Oversight. Privacy Advocates Fear Google Will Mine Fitbit’s Health Data. Google’s $2.1 And Former U.S.

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EU Eyes Single European Data Market

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In Europe, the continued evolution of data policies and regulation now point toward a single market across the Continent. There is also a proposal for getting rid of EU regulations against anti-competitive data sharing. “We Breton said the plan’s cornerstone calls for the creation of a €2 billion EU cloud platform alliance.

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Bitcoin’s Sizzle To Lead To Fizzle?

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As the price of bitcoin surged this week, cryptocurrency (namely, Facebook’s Libra) has been under increased scrutiny by regulators. Even if exchanges are done electronically, they are monitored and regulated by central banks. The folks who bought their bitcoin at around $4,000 are feeling pretty smart. division of the firm.

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Vietnam Goes After Facebook Over ‘Slanderous’ Content

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8), Financial Times reported that the country’s Authority of Broadcasting and Electronic Information said Facebook violated Vietnamese law in how it managed online content, advertising and taxes. Citing a briefing in Hanoi, Vietnam on Tuesday (Jan. 1, 2019. “We