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Bitcoin Daily: CoinLaunch Settles With Ontario Securities Commission; BankLine Servicing Crypto Cos

PYMNTS

Initial coin offering (ICO) consultant CoinLaunch will pay $50,000 to settle with the Ontario Securities Commission (OSC). According to the regulator’s website , CoinLaunch was consulted on two ICOs, with both determined to be securities. Safeway has 894 locations across 17 states.

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Ripple Mulls Moving Headquarters Abroad

PYMNTS

Ripple is mulling moving its headquarters abroad because of frustration with the regulatory climate in the United States. Brad Garlinghouse , the company’s CEO, says he went to London in September and told the outlet that the Financial Conduct Authority does not consider XRP to be a security. What you see in the U.K.

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Closing Latin America’s $350B SMB Trade-Finance Gap

PYMNTS

But, as Shoihet said, these firms account for roughly 50 percent of trade volume in the LATAM region. The other 50 percent, he said, comes from the SMBs that are being overlooked by the traditional financial services community, he told PYMNTS — and who create a majority of jobs in the region. trillion globally, according to Shoihet.

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FBI Director: China Wants To Steal US Tech By ‘Any Means Necessary’

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technology by “any means necessary” and that there are about 1,000 related investigations currently ongoing in the country, through its 56 regional offices, according to a report by Reuters. . Christopher Wray, the director of the FBI, said China wanted to steal U.S. William Evanina, a senior U.S. airplane and electric vehicle technology.

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Will The Pandemic Finally Get Central Banks Interested In Building Digital Currencies?

PYMNTS

As politicians across the globe grapple with the pandemic’s continued economic fallout and the need to get stimulus funds to individuals, corporations and even local governments with speed and security, digital delivery of those dollars is likely to gain increasing traction. As reported in this space last month, the efforts are still nascent.

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Facebook Threatens EU Pullout As Data Sharing Comes Under Scrutiny

PYMNTS

Facebook’s Cunnane laid out the threat in a sworn affidavit to the Irish regulator, hinting that the social media giant might be prepared to shut down its operations in a region where it has more than 400 million users. “It according to Metro. government.

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US Bans Chinese Facial Recognition Tech

PYMNTS

The cameras are also used to track Muslims coming in and out of mosques in the western Chinese region of Xinjiang, which has led to the detention of thousands of ethnic Uighurs and other Muslim minorities in internment camps. hit Chinese state-backed chipmaker Fujian Jinhua with an export ban, citing national security reasons.

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