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 was told by Chinese financial regulators at a Dec.

Groups 158

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.

Insiders

Sign Up for our Newsletter

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

Three Crypto Operators Sued By US Regulator

PYMNTS

In the latest sign of regulatory action in the virtual currency realm, the Commodity Futures Trading Commission (CFTC) has filed a lawsuit against three virtual currency operators, with allegations that the trio had defrauded customers. In addition, the regulator charged, the three operators broke laws governing commodity trading. The newspaper noted that these are the first actions that come against operators since bitcoin futures were launched in December of last year.

Crypto Firms Still Struggle to Comply With AML Regulations

PYMNTS

cryptocurrency firms have failed to meet regulations aimed at curbing money laundering, according to the country’s Financial Conduct Authority (FCA). South Africa’s Financial Sector Conduct Authority (FSCA) is the latest on the list of regulators mounting pressure on the crypto firm.

EU Privacy Regulator Fines Amazon $887M

PYMNTS

It was issued two weeks ago by the Luxembourg National Commission for Data Protection (CNDP), which says the retail giant failed to comply with the European Union’s General Data Protection Regulation. Amazon fines GDPR international News regulations What's Hot

China Regulators Cracking Down on Peer-to-Peer Sharing Economy

PYMNTS

China’s State Administration of Market Regulation (SAMR) said on Monday (Aug. Bikes and mobile phone chargers are among the most popular shared products in China, where a lack of regulations on bike-sharing has led to an oversupply of bikes and more than 40 companies squaring off.

Regulators Probe Market Amid Rising Meme Stocks

PYMNTS

Regulators are worried that investors could suffer steep losses if the stocks plunge, according to the report. Stock Index investigations Investments News regulations SEC Stocks What's HotMarket swings and the surging prices of meme stocks have caught the attention of the U.S.

California Lets Aurora Operate Driverless Cars

PYMNTS

Self-driving vehicle company Aurora has been approved by California regulators to allow passengers rides in its fleet of driverless vehicles, according to reports.

China Passes Far-Reaching Regulations To Protect User Privacy

PYMNTS

The new regulation set forth by China’s top legislative body is intended to further emphasize laws currently in place regarding how personal data is processed state-side and cross-border. Learn more: Another Chinese Regulator Cracks Competition Whip At Big Tech.

US To Implement Cybersecurity Regulations On Pipelines

PYMNTS

The Transportation Security Administration (TSA) will release a new security directive, the first of two, to require pipeline operators to reveal when they've been the target of an attack, The Wall Street Journal reported.

Amazon Asks India Regulators to Nix Future Group Sale

PYMNTS

Amazon has asked India’s market regulator, the Securities and Exchange Board of India (SEBI), to withdraw its conditional approval of competitor Future Group’s $3.4 billion assets sale of its retail operation to Reliance Industries, Reuters reported Monday (Aug.

Groups 228

Regulator Concerns Force Binance to Remove Singapore Products

PYMNTS

Binance is just one of several crypto exchanges that have been facing increased pushback from regulators around the world as digital currencies become more of a popular idea, and thus more open to scrutiny, the report stated.

Digital regulators are a new norm in financial services

Accenture

But they are also forcing central banks and regulators to rethink and restructure their approaches to becoming resilient, adopting new technologies, leveraging data and constructing an agile operating model, all while providing regulatory services.

US Regulators, Advisory Group To Look At Stablecoins

PYMNTS

Yellen has convened top financial markets advisors and regulators to discuss the potential — both good and bad — of stablecoins, her office announced. Cryptocurrency cryptocurrency janet yellen News regulations secretary of the treasury What's HotTreasury Secretary Janet L.

OCC’s Presumptive New Leadership Signals Regulations Ahead For Cryptos

PYMNTS

The role of the Office of the Comptroller of the Currency (OCC) is charged with regulating banks. operations of crypto exchange Binance, for reasons so far unknown other than statement that Brooks and the firm had “strategic differences.”

Judge To Decide Whether Uber Can Operate In London

PYMNTS

seeks to reinstate its license to provide ride-hailing services in London after a suspension, the city’s transportation regulator will leave the decision up to a judge. Citing that Uber was unfit to hold a license, TfL suspended the company’s operations last November.

China Ramps Up Calls For Crypto Regulations; Bitcoin Plummets

PYMNTS

Chinese authorities ramped up their calls for increased regulations on cryptocurrencies on Friday (May 21), CNBC reported. is also ramping up its regulations on cryptocurrency. Cryptocurrency Bitcoin china cryptocurrency News regulations What's Hot

SEC Chair Gensler Tells Capitol Hill That Cryptos, Stock Trading Platforms Need Updated Regulations

PYMNTS

But against that backdrop, regulators have been relying on rules that stretch back decades and need a approach that would “freshen up” the market structure to reflect technology and changing trading activities. Regulation cryptocurrency Gary Gensler News regulations SEC

SEC's Gensler to Appear Before Senate Banking Committee on Regulating Crypto

PYMNTS

Securities and Exchange Commission (SEC) Chairman Gary Gensler is expected to face heavy questioning over plans to regulate the cryptocurrency markets when he appears before the Senate Tuesday (Sept. In terms of regulations, crypto is still perplexing for global regulators.

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

Mobile Payments Today

UK regulators reached agreement to let operations resume there 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.

Regulation, Not Fintech, Will Have the Biggest Impact on Banks

Bank Innovation

Regulation is still shaping banks’ strategic thinking, says a new study by The Economist Intelligence Unit. In North America regulation was the top concern. Corporate DataBank Databank Operations bank regulation banks fintech regulationThe unit surveyed 200 global banking executives to investigate the challenges retail banks face in the years to 2020. “This year is marked by a sharp regional divergence about which rules […].

Massachusetts Regulators To Crack Down On Robinhood

PYMNTS

Robinhood has come under the watchful eye of regulators — this time in Massachusetts. State regulators are set to file a complaint on Wednesday (Dec. 16) saying that the stock-trading platform failed to protect its customers and their assets, violating state laws and regulations.

PSD2 Creates Turbulence For Travel Operators

PYMNTS

In the January PSD2 Tracker , PYMNTS examines how money movement and data flow are getting an upgrade with PSD2, as well as how the upcoming SCA regulation is bound to affect user authentication. Despite GDPR coming into effect a full six months ago, 50 percent of European merchants still aren’t compliant with the regulation.

China Drafts Updates To Commercial Bank Regulations

PYMNTS

They’ve been asked to support the economy at the expense of their own operational strength.” . International banking china international lenders Lending News people's bank of china regulations What's Hot

Regulators Take Aim At Cryptos' ‘Wild West’ Environment

PYMNTS

If the legal process determines that XRP operates as a security rather than as a currency, we contend that the “ripple effect” (no pun intended) may be that cryptos’ bid to become a de-facto currency to rival the banking system, at least here in the U.S.,

Attorneys General Ask Congress to Regulate Big Tech

PYMNTS

The search engine tech company has allegedly harmed the ability and incentive of device manufacturers to develop and sell devices which operate on other Android versions, per a June report by the Competition Commission of India’s (CCI) investigations unit. A group of U.S.

Gig Economy Drone Operators Could Soon Pilot Last-Mile Delivery

PYMNTS

As reported by CNN , Connecticut-based Aquiline Drones is aiming to debut a smartphone app that will allow licensed drone operators to do short-term, project-based work as drone pilots. Federal Aviation Administration (FAA) requires that drone operators be certified.

Big Tech Faces Regulation Reckoning As 2021 Dawns

PYMNTS

The outcome, should it come in 2021, would shape how app store and other platforms operate, and whether they promote or hinder competition and innovation in various tech marketplaces. Regulation Antitrust Big Tech cma Facebook Featured News FTC Google Lawsuits News

British Regulator Gives Nod to $4B Viagogo/StubHub Combination

PYMNTS

According to The Guardian, the Competition and Markets Authority (CMA) approved a plan that will see StubHub’s international operations sold to an American investment group called Digital Fuel Capital for an undisclosed fee. The U.K.’s

North Dakota Senate Rejects Bill To Regulate Apple App Store

PYMNTS

That would’ve been a change from how Apple and Google currently operate, where companies utilizing their app stores as a go-between have to pay a 30 percent fee. Regulation App Store Apple Google legal News North Dakota regulations What's Hot

Mastercard Selects New President For European Operations

PYMNTS

He will be tasked with developing strategy, direction and comprehensive success of Mastercard’s operations across 53 countries in Europe. Perez also formed partnerships with various businesses, government entities and regulators to advance ingenuity and confidence in the payment landscape.

From Taxes To Trading, Federal Scrutiny of Crypto Regulation Is On The Rise

PYMNTS

It really comes down to coordinating across the agencies,” said Hsu, the top regulator of domestic banks in the Treasury Department. It may be that the SEC ultimately decides how cryptos operate and how they are used.

Taxes 232

Is Your Board Ready To Comply With Cybersecurity Regulations?

Bank Innovation

Last year, regulators in New York decided to take cybersecurity matters for financial institutions into their own hands, releasing a set of rules (which went into effect in March), requiring banks and other FIs to establish a stricter cybersecurity program. Compliance Exclusive Operations Board cyberattacks cybersecurity Diligent IT Security

Restaurant Operators On Life Before, During And After COVID-19

PYMNTS

Restaurants are tough businesses to operate, even in the best of times — 60 percent fail within their first year, and 80 percent within their first five. The same holds true for Bamboo Asia, an establishment that operates throughout San Francisco’s financial district, said van de Rijt.

Bitcoin Daily: Bitcoin Mine Operator Planning IPO; Swedish Financial Authority Warns Consumers Of Crypto Risks

PYMNTS

Bitcoin mine operator Northern Data AG is planning to go public and could raise up to $500 million in the initial public offering (IPO), Bloomberg reported.