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Regulators Want Answers From Uber Over Hidden Hack

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Ride-hailing app company Uber, which made news when it covered up a huge data breach that exposed roughly 600,000 driver’s license numbers, could face investigations by regulators around the globe. 22), regulators in the U.K., s National Cyber Security Centre to determine how large the breach was and how many people in the U.K.

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New Facial Recognition Policy Signed Into Law In Washington State

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This legislation represents a significant breakthrough – the first time a state or nation has passed a new law devoted exclusively to putting guardrails in place for the use of facial recognition technology,” Smith said in the post. Many states don’t have any laws regulating the use of facial recognition technology.

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Today In Payments: California Proposes Financial Watchdog; Germany Launches Investigation Into Amazon

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California lawmakers are moving quickly to create a financial watchdog agency as a new department of their state government, as the coronavirus pandemic accelerates financial crime across the nation. The Federal Reserve is working with the Massachusetts Institute of Technology (MIT) to explore the possibility of issuing a digital currency.

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State Regulation, Conference of State Bank Supervisors, Financial Services, FinTech, Charles Clark, Washington State Department of Financial Institutions, License, Regulation, Bank of Indonesia, FinTech, Bitcoin, Cryptocurrency, News

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Through the Conference of State Bank Supervisors, Georgia, Illinois, Kansas, Massachusetts, Texas, Tennessee and Washington are looking to standardize the ways firms across traditional financial services and FinTech upstarts apply for, and are granted, licenses. Can the states make licensing – of the money movement kind – any easier?

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Bitcoin Daily: German Crypto Firm Shuttered After Pyramid Scheme Accusations; People’s Bank Of China Denies Bogus Announcement Of Stablecoin Launch

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But in May, authorities in Namibia called Karatbar a pyramid scheme, while last month, Florida’s financial regulator denied that the company had been issued a banking license. Website DECPAPI.com spotlighted an API with a countdown that showed the national stablecoin would launch on November 20. And the U.S.

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Crypto 2020: One Step Up; Two Steps Back

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Said Allaire of the bid to get digital currencies more front and center: “Regulators are getting their arms around them … the digital asset market is now moving, more and more, into the mainstream of finance, FinTech payments and banking world.”. And, of course, the crypto landscape extends well beyond bitcoin.

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Diebold Nixdorf On Why Banks Could Be Digital Identity’s Future

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Digital identity in the last few years has gotten a major boost — as of 2018, 60 nations worldwide have embraced some version of a digital identity scheme. Problems, he noted, that mostly cluster around security and consumer privacy.

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