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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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Bank Regulators Seeking Comments on the Use of AI and ML in the Industry

Perficient

Finally, views are sought for compliance with applicable laws and regulations, including those related to consumer protection. AI technologies, such as voice recognition and natural language processing (NLP), are being used to improve customer experience and to gain operational efficiencies. Personalization of Customer Services.

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Federal banking regulators issue statement on loan reference rates and advise prompt transition from LIBOR

CFPB Monitor

The Fed, FDIC, and OCC have issued a “ Statement on Reference Rates for Loans ” that addresses replacement rates for the London Inter-Bank Offered Rate (LIBOR). ” The statement highlighted the financial, legal, consumer protection, and operational risks that will result from LIBOR’s expected discontinuation.

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Apple’s NFC Practices Draw Scrutiny From Dutch Regulators

PYMNTS

4), Dutch antitrust regulators have been looking at the company – specifically into Apple’s Pay’s near-field communications (NFC) operability. It should be noted that the Netherlands Authority for Consumers and Markets (ACM) did not explicitly name Apple in its announcement of an investigation into NFC.

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Deep Dive: How Marketplaces Use Market-Based Approaches To Recruit Sellers

PYMNTS

Robust international operations require winning over many sellers and operating smoothly around the world, activities that can be challenging for platforms. dollars, but the practice can be inconvenient for sellers in many international markets. Complying With Payments Regulations. Domestic Seller Currencies.

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In The UK (And Beyond), Taming The Crypto Wild West Through Regulation

PYMNTS

The headline statement is that crypto firms have traditionally operated in a regulatory environment that might charitably be likened to the “Wild West.” In addition, any firms that carry out crypto asset related activity within the scope of the FCA’s regulations must register with the authority before conducting business.

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CFPB, federal and state bank and credit union regulators warn of increased supervisory scrutiny in joint statement on managing LIBOR transition

CFPB Monitor

The CFPB, Federal Reserve Board, FDIC NCUA, OCC, in conjunction with the state bank and state credit union regulators, jointly issued a statement on managing the transition away from LIBOR (Joint Statement). Appropriateness of alternative reference rates. Fallback language.