Chinese Regulators, Police, State Security Start On-Site Probe Into Didi


State police and security officials joined regulators from five agencies — the Ministry of Public Security, the Ministry of State Security, the Cyberspace Administration of China, the Ministry of Transport and Ministry of Natural Resources to — in the on-site investigation. .

EU Privacy Regulator Fines Amazon $887M


According to CNBC , Amazon disclosed the fine Friday (July 30) in a security filing. 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.


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US To Implement Cybersecurity Regulations On Pipelines


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.

Three Crypto Operators Sued By US Regulator


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.

FAA OKs American Robotics Drones To Fly Without Human Operators


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.

US Regulators, Advisory Group To Look At Stablecoins


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.

China Ramps Up Calls For Crypto Regulations; Bitcoin Plummets


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

Regulators Probe Market Amid Rising Meme Stocks


Securities and Exchange Commission (SEC), Bloomberg reported o n Monday (April 7). In addition, we will act to protect retail investors if violations of federal securities laws are found.”. Stock Index investigations Investments News regulations SEC Stocks What's Hot

Security Tokens: don’t fight the regulator if you want to be regulated

Daily Fintech

The idea of Security Tokens was to combine all the efficiency and low cost of ICOs with legal and regulated offerings. The reality is that not much is really happening currently in Security Tokens – as our News Quality Assessment (NQA) data shows.

Big Tech Compliance Tracker: EU Privacy Regulator Fines Amazon $887M; Musk Calls Apple's App Store Fees A 'Tax’


EU Privacy Regulator Fines Amazon $887M. The commission has ordered Amazon to revise some of its business practices, while Amazon, whose European operations are based in Luxembourg, denies any sort of breach occurred. Another Chinese Regulator Cracks Competition Whip At Big Tech.

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Massachusetts Regulators To Crack Down On Robinhood


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.

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


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. SEBI has been communicating the directive with company executives, bankers and securities lawyers.

Regulators Take Aim At Cryptos' ‘Wild West’ Environment


a new administration has come to Capitol Hill, and with that a changing of the guard at the Securities and Exchange Commission (SEC). He also added that “to the extent that something is a security, the SEC has a lot of authority.

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

The Move To Regulate IoT


Thirty-four percent of businesses are using IoT in their operations, according to a recent study, and 70 percent of that group have moved beyond pilot testing to actual adoption. The March Intelligence of Things Tracker explores the growing list of industries in which IoT is alive and well, from food delivery and service operations to agricultural supply chains and industrial manufacturing. Congress have released rules to help regulate IoT data security.

Big Tech Faces Regulation Reckoning As 2021 Dawns


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

Bitcoin Daily: Fake Stocks Used For Blockchain Tests; Regulators Want More Crypto Control


The tokens are engineered to reflect the prices of securities they track, although no purchases are made. In other news, regulators are looking to exercise more control over the burgeoning cryptocurrency market, The Wall Street Journal (WSJ) reported.

Mastercard Selects New President For European Operations


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.

Prosecutors Target Loosely-Regulated Business Lending Sector


Merchant cash advance companies avoid much of the regulation banks face by claiming that rather than giving loans to businesses, they’re paying the business cash now in return for a cut of future revenue. Security & Fraud FTC loans News SEC small business What's Hot

Proposed new cyber security regulations will be a huge undertaking for financial institutions

Celent Banking

New York State Department of Financial Services (NYDSF) is one step closer to releasing cyber security regulations aided by the largest security hacking breach in history, against JP Morgan Chase. Yesterday (Tuesday, November 10), the authorities charged three men with what they call “pump and dump” manipulation of publicly traded stock, mining of nonpublic corporate information, money laundering, wire fraud, identity theft and securities fraud.

Chinese Regulators Prepare To Crack Down On Luckin Coffee


Regulators in China are preparing to move against once-hot Luckin Coffee Inc. The company has since been delisted, and Luckin has fired its chief executive officer and chief operating officer.

China Clips Big Tech’s Finance Wings With New Regulations


Chinese regulators are handing down new laws that will restrict the finance operations of some of the country’s biggest technology firms, Bloomberg reported on Thursday (April 29). International Big Tech china international News regulations What's Hot

EU To Examine German Regulators’ Oversight Of Wirecard


The European Securities and Markets Authority (ESMA), the European Union’s (EU) financial watchdog, plans to examine how German regulators handled oversight of Wirecard AG , the collapsed payments company that is facing a series of criminal allegations.

Regulator Probes UK Accounting Firm Over Greensill Audit


entity that regulates auditors, accountants and actuaries has started a probe into Saffery Champness, a U.K. B2B Payments B2B Greensill Capital international News regulation What's Hot In B2BThe U.K.

Deep Dive: How Automation And The Cloud Can Improve Operational Efficiency In Payments Processing


Compliance with oversight laws, especially those involving anti-money laundering (AML) or know-your-customer (KYC) regulations, is a perennial struggle for FIs of all sizes.

G7 Set To Oppose Facebook Libra Over Lack Of Regulations


Facebook's proposed global digital currency Libra is expected to get pushback from G7 leaders who are anticipated to publicly oppose the project due to a lack of regulations, according to a Reuters report on Monday (Oct.

Turning Compliance Burden Into FinTech-Regulator Collaboration


Regulation is perhaps the strongest driver of Lithuania’s FinTech-friendly environment. Particularly amid the continuing uncertainty surrounding Brexit, FinTechs are turning to Lithuania to retain their European footholds and operate in a country that supports their innovative ambitions.

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


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.

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i2c’s McCarthy: Regulations Can Tame Wild West of Financial Services Reliability


In an interview with Karen Webster, i2c President Jim McCarthy said that we’re about to see the taming of a “wild west” of regulation and standards that have so far failed to do the job. Regulation banking compliance Featured News financial services i2C News payments regulations

Despite Widening Global Rift, CBDCs Poised To Gain Amid Tightening Regulation of Binance And Crypto


And in some cases, the continued regulator crackdown on what might be termed traditional cryptos — those, like bitcoin, that are not pegged to an asset backing or central bank efforts — continues, paving the way for CBDC issuance on a wider scale.

Payments Providers Combat The Conflict Between Security, User Experience


In financial services, demand for ease of use and security are sky-high, even for business customers. Other regulations adding weight to financial service providers’ compliance burden include Europe’s PSD2 and the U.K.’s Greater Security Without Compromising UX.

Deep Dive: COVID-19?s Global Impact On Open Banking And Online Privacy Regulations


The EU enacted open banking rules in 2018, inspiring regulators worldwide to reconsider how they were transacting funds or transmitting data. The COVID-19 pandemic’s impact on daily business has generated new questions surrounding these initiatives that regulators are now scrambling to answer.

Libra Forces Cryptocurrency Regulators To Reexamine Procedures


Facebook’s Libra project has renewed focus on how cryptocurrencies are regulated, with current rules on the sector patchy and varying from country to country. A recent survey of decision-makers from financial institutions (FI), investment firms and asset management and insurance companies found that many are choosing to proactively ramp up their defenses rather than potentially running afoul of regulations or paying heavily for failing to stop crime.

How FinTech Apps Can Ace Security


Businesses that fail to comply with anti-money laundering (AML) and know your customer (KYC) regulations risk major regulator fines and irreparable damage to customer relationships when something goes wrong. The September AML/KYC Tracker examines the latest fraud challenges and efforts to ensure tight security and compliance. . How Mobile Financial Startups Can Bridge the Security Gap.

In the UK, (More) Web Content Regulation Looms


increased regulation over content delivered online through platforms may be on the horizon. This week, the National Payments Corporation of India (NPCI) granted Facebook permission to put WhatsApp Pay into operation in a phased manner, The Business Standard reported. In the U.K.,