White House Seeks Stablecoin Regulations

PYMNTS

The White House has singled out stablecoins for regulations that would be akin to the mandates that banks must follow, according to reports on Friday (Oct. Regulation Blockchain Government News regulations Stablecoin What's Hot

Coinbase Asks Congress to Create Crypto-Regulator

PYMNTS

In the first key point in the proposal, Coinbase asks Congress to “regulate digital assets under a separate framework.” The 7,000-word proposal itself argues that approaching regulation of cryptocurrencies more methodically is in the U.S.

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US Will Regulate Crypto, Dimon Says

PYMNTS

will begin regulating cryptocurrencies as unease about stablecoins and crypto in general grows in Washington, JPMorgan Chase & Co. No matter what anyone in the room thinks, nor what any libertarian thinks, nor what anyone thinks about it, the government’s going to regulate it.”.

Time for a global regulator

Chris Skinner

I was in conversation with a banker the other day and we got around to regulations and regulators, as many conversations with banks tend to do. I guess it falls into three categories: the way regulations used to be; the way … The post Time for a global regulator appeared first on Chris Skinner's blog. Digital Bank Future Grid Opinion Regulation

BaaS works, it’s the regulations that don’t

Chris Skinner

This means this is not the end … The post BaaS works, it’s the regulations that don’t appeared first on Chris Skinner's blog. Digital Bank Fintech Future Grid Opinion Regulation

China to Strengthen Antitrust Regulator, Report Says

PYMNTS

President Xi Jinping has encouraged the action to improve the State Administration for Market Regulation (SAMR), which was once low-profile, according to the report. ANTITRUST Antitrust china international News regulations What's Hot

Can regulators keep pace with fintech innovation?

American Banker

Regulation and compliance

Regulating the cryptocurrency markets

Chris Skinner

I guess that this is logical as my last line was that government control of cryptocurrencies is “not so easy for cryptocurrencies that have … The post Regulating the cryptocurrency markets appeared first on Chris Skinner's blog. Blockchain Fintech Future Grid Innovation Opinion Payments RegulationSomeone made the comment on my platform piece about what happens when there are no Jack Ma’s or Mark Zuckerberg’s, as the whole thing is decentralised?

China's Regulator Orders Tech Companies to Open 'Walled Gardens'

PYMNTS

A China regulator has told tech giants Alibaba, Tencent and others to stop blocking one another’s website links on their respective platforms, Reuters reported. Regulation alibaba china international News regulations tencent What's Hot

Chinese Regulators Order Alibaba To Adopt Tencent’s WeChat Pay

PYMNTS

In a push to even the playing field and stop monopolistic practices, Chinese regulators ordered Alibaba to adopt Tencent’s WeChat Pay on its platform, CNBC and other news outlets reported on Tuesday (Sept. See also: China's Regulator Orders Tech Companies to Open 'Walled Gardens'.

Regulating the unregulated

Chris Skinner

I was thinking about this question of how to regulate global technology platforms that don’t recognise national boundaries, mainly in the context of crypto and digital currencies. How can you regulate a global currency that has no view of state or national laws? Obviously, you can only regulate it when … The post Regulating the unregulated appeared first on Chris Skinner's blog. Blockchain Crime Fintech Grid Opinion Regulation

Crypto Regulation, and Possible Executive Order, Show Top Down Approach 

PYMNTS

Looming cryptocurrency regulations are getting the top down approach. Bloomberg reported at the end of the week that a range of possibilities tied to regulating cryptocurrencies is being mulled at the White House – with a focus on combatting ransomware and cybercrime.

Slow regulations versus fast tech

Chris Skinner

Before 2010, I was writing a lot about technology but it was all heavily geared towards regulations. MiFID and PSD were top of mind, along with Basel III and other global, European and domestic regulations. I wrote a lot about regulations. … The post Slow regulations versus fast tech appeared first on Chris Skinner's blog. Digital Bank Fintech Grid Innovation Regulation Technology Uncategorized

Wirecard’s regulator faces criminal probe as scandal expands

Payments Source

Accounting regulations Wirecard Germany

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

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.

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.

SEC Chair: Congress Should Regulate Crypto Exchanges

PYMNTS

Securities and Exchange Commission (SEC) Chairman Gary Gensler said he thinks the cryptocurrency market, now worth $2 trillion, needs more regulation, CoinDesk reported. Cryptocurrency cryptocurrency Editors' Picks News regulations SEC Securities and Exchange Commission 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.

Chinese Regulators Slap Tencent’s WeChat With Lawsuit

PYMNTS

Shenzhen-headquartered Tencent is being slapped with a lawsuit over its WeChat subsidiary and regulations concerning minors, Reuters reported on Friday (Aug. Legal china international Lawsuits legal News regulations Social Media tencent wechat What's Hot

The regulator’s focus for 2020

Chris Skinner

Here’s where the regulator will focus in 2020: The Financial Stability Board (FSB) published its work programme for 2020. Future Grid Payments RegulationI was going to write stuff about this but The Financial Stability Board did it for me.

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.

5 Startups Rebooting Regulation

Bank Innovation

The rise of insurtech is running parallel to the rise of regtech, as financial firms and startups apply artificial intelligence, blockchain, and other technologies to the dizzying world of financial regulation. Changing the face of regulation for a fresher, more transparent take isn’t exactly easy–as the OCC is finding out–but we […]. Fintech has another cousin.

US To Implement Cybersecurity Regulations On Pipelines

PYMNTS

The impetus for the tighter regulations was the Colonial Pipeline cyberattack that occurred earlier this month. The goal of the Biden administration is to put “effective, enforceable regulation, not create a check-the-box exercise.”.

Regulators eye big data impact on ratemaking

Daily Fintech

The post Regulators eye big data impact on ratemaking appeared first on Daily Fintech. InsurTech #bigdata #predictivemodels #ratemaking #regulatorIn insurance, big data connotes unstructured and structured data that influences underwriting, rating, and pricing.

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.

European Central Banks Demand Strict Cryptocurrency Regulations

PYMNTS

Europe's biggest banks have called on the European Commission to implement tough regulations for cryptocurrencies, such as stablecoins, that would protect consumers and preserve state sovereignty in monetary policy, Reuters reported.

China Regulators Tell Wall Street Execs New Rules Won't Stifle Tech

PYMNTS

Chinese regulators are defending their crackdown on industries that have disrupted the market as they speak with Wall Street executives, saying the new rules aren’t supposed to crush tech companies. Read more: China's Regulator Orders Tech Companies to Open 'Walled Gardens'.

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.

Australia Mulls Regulations For Apple Pay, Google Pay, Other Big Tech Players

PYMNTS

The Australian government is looking into the best way to overhaul its current infrastructure for financial regulation to enable stronger oversight of digital wallets and payments from Big Tech companies like Apple, Google, WeChat and others.

Google 257

Government Regulations Spark Fall Of China’s Tech Moguls

PYMNTS

1 for a bit, as regulators don’t seem to be looking into his bottled water empire. Regulation alibaba Big Tech china international jack ma News regulations Technology What's Hot

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 Legal acquisitions Amazon Future Group india international legal News regulations Reliance Industries What's Hot

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The Semantic Regulator (#RegTech Rules)

Chris Skinner

A bigger question must also be: how can a regulatory check that a bank is compliant with their regulatory changes, if their regulations change every 12 minutes are run to 1,000’s of pages? The answer is they can’t, but they don’t … The post The Semantic Regulator (#RegTech Rules) appeared first on Chris Skinner's blog. Blockchain Fintech Grid Regulation Technology UncategorizedA bank has to make a regulatory change every 12 minutes. That’s some task.

EU Banking Authority Urges Regulators to Study Risks of Banks, Big Tech Links

PYMNTS

The increasing links between financial institutions and Big Tech, particularly in cloud computing, is alarming — and regulators need to sit up, the European Banking Authority (EBA) warned on Tuesday (Sept. Bank Regulation Banks Big Tech EBA EU News regulations What's Hot

Study 234

US Lawmakers Urge Regulation Of Facial-Recognition Use

PYMNTS

If we’re talking about finding some kind of meaningful regulation and oversight of facial recognition, which is what I think the chair is alluding to, then I think we can find a lot of common ground here,” he said, according to Bloomberg.