PYMNTS

JUNE 23, 2019

BIS said that the social media firm’s recent announcement that it aims to roll out its Libra digital currency and grow into payments has focused the minds of central bankers as well as regulators, Reuters reported. This is something that needs attention sooner rather than later.”

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PYMNTS

JANUARY 11, 2021

US Trade Representative: India, Italy, Turkey Digital Taxes Discriminates Against US Firms. US Trade Representative Halts Plan To Tax $1.3 The social media platform is taking away “Likes” and putting the emphasis on “Followers” to streamline the method through which individuals link up their favorite “Pages.”

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PYMNTS

FEBRUARY 12, 2020

The DPC — which acts as the regulator for all of Europe — searched the social media giant’s offices in Dublin. Privacy regulators raised concerns that the new feature wasn’t compliant with the new General Data Protection Regulation (GDPR). The DPC said it was first told about the proposed dating feature on Feb.

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PYMNTS

JUNE 24, 2019

This means Libra is likely to see more scrutiny from regulators as the project takes shape and eventually launches. That sentiment was reflected in part by the Bank for International Settlements (BIS), which said this past weekend that there should be coordinated regulations on cryptocurrencies. Beyond Cryptocurrencies.

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PYMNTS

FEBRUARY 28, 2019

The regulator is stepping up an investigation after the report showed the apps sent data like body weight and menstrual cycles. The Journal investigation also found that six of the top 15 health and fitness apps in the Apple Store were using a Facebook-provided SDK. There are at least 11 apps involved in the investigation.

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Bussman Advisory

JULY 29, 2022

Contact us at info@bussmannadvisory.com for more details. The post US regulator raises concerns over Apple’s foray into short-term lending | Barclays takes stake in crypto firm Copper | Jack Ma to give up control of Ant appeared first on Bussmann Advisory AG.

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William Mills

FEBRUARY 25, 2016

Social media is no longer the shiny new toy in the PR and marketing toy box. Today, financial providers and FinTech firms alike know they must integrate social media into their communications strategies. For many FinTech companies, social media serves primarily as a source for leads.

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PYMNTS

JULY 16, 2019

The Swiss regulator that Facebook claimed will oversee its cryptocurrency hasn’t heard from the social media giant, according to a report by CNBC. However, when the FDPIC was asked about its involvement, spokesperson Hugo Wyler said that he, like everyone else, was keeping track of Marcus’ comments through the media. “We

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Bussman Advisory

MARCH 10, 2023

Contact us at info@bussmannadvisory.com for more details. The post Silicon Valley Bank is shut down by regulators | Meta exploring a new social network that could compete with Twitter | WealthTech Radar 2023 appeared first on Bussmann Advisory AG.

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PYMNTS

MAY 29, 2018

The latest episode had French President Emmanuel Macron telling executives from major technology companies — including Facebook, Microsoft, Intel and IBM — that innovation needs to be accompanied by tough regulations and societal contributions. “I technological might when it comes to social media, eCommerce and the digital world.

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TheGuardian

MARCH 17, 2023

Those companies include crypto outfits and venture capital firms typically opposed to the kind of government intervention they benefited from on Sunday, when regulators moved to guarantee SVB customers immediate access to their largely uninsured deposits. Continue reading.

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PYMNTS

JULY 16, 2019

“Cryptocurrencies such as bitcoin have been exploited to support billions of dollars of illicit activity like cyber crime, tax evasion, extortion, ransomware, illicit drugs and human trafficking,” Mnuchin said, adding that he is “not comfortable today” with the social media giant’s planned launch.

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PYMNTS

AUGUST 18, 2019

Waters has been a vocal critic of the social media giant’s plans for its own digital currency. He said Libra’s associated Calibra wallet plans will be regulated by the U.S. Maxine Waters, will hold a meeting with the Swiss Federal Data Protection and Information Commissioner (FDPIC) Adrian Lobsiger, according to Bloomberg.

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PYMNTS

JUNE 27, 2019

The head of Germany’s Federal Cartel Office said on Thursday (June 27) that cryptocurrency backed by large tech companies could be put under a microscope by antitrust regulators, according to a report by Reuters. He stated that crypto created by companies “could become a topic for us.”.

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PYMNTS

MARCH 11, 2019

European Union Competition Commissioner Margrethe Vestager said that breaking up big tech companies like Facebook and Google should be seen as a last resort, and that the better idea might be to find a way to regulate data usage. Vestager was speaking at SXSW , according to reports. “To

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PYMNTS

MARCH 12, 2019

The challenges facing the international tax system are just far broader than how to tax social media and search engines,” Harter said. businesses … Various parts of our government are studying whether that discriminatory impact would give us rights under trade agreements, WTO, treaties.”.

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PYMNTS

NOVEMBER 1, 2019

The investigation is mainly centered around the company’s acquisition of social media app Musical.ly While we cannot comment on ongoing regulatory processes, TikTok has made clear that we have no higher priority than earning the trust of users and regulators in the U.S.,” two years ago. a TikTok spokesperson said.

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PYMNTS

AUGUST 24, 2020

Here’s the latest news from Facebook, Amazon and others, which are coming under increasing scrutiny from regulators, trade groups and politicians the world over. Regulations. The social media company has indicated that the Access Act, a proposed data portability law, is a first move in the right direction.

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Bussman Advisory

FEBRUARY 10, 2022

regulators tell banks to prepare for Russian cyberattack threat. Contact us at info@bussmannadvisory.com for more details. regulators tell banks to prepare for Russian cyberattack appeared first on Bussmann Advisory AG. BlackRock planning to offer crypto trading European, U.S. The post The NFT ecosystem is a complete disaster?

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Regulation social media Fintech blockchain 52

Bussman Advisory

JUNE 30, 2022

Contact us at info@bussmannadvisory.com for more details. The post Most prominent crypto hedge fund just defaulted on a $670m loan | EU agrees on crypto landmark regulation | The war for tech talents is only beginning appeared first on Bussmann Advisory AG.

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Regulation social media Fintech blockchain 52

PYMNTS

FEBRUARY 24, 2019

The Wall Street Journal reported several apps shared data such as weight, blood pressure and when a person was ovulating with the social media giant. Governor Cuomo told Reuters that Facebook’s actions were an “outrageous abuse of privacy” and that federal regulators needed to get involved.

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PYMNTS

FEBRUARY 14, 2020

12) that the federal government would be rolling out new regulations regarding cryptocurrency at the Financial Crimes Enforcement Network (FCEN). Chiliz has created a coin called Barca Fan Token due to its partnership with the Spanish sports giant, which can be used on its social media app Socios.

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CB Insights

JULY 31, 2018

The tech giant’s latest facial recognition patent highlights an image search system that incorporates information from social networks — potentially including Facebook, Twitter, Gmail, online blogs, and more. Other potential use cases include identifying untagged photos on social media or photos found in online dating apps.

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PYMNTS

FEBRUARY 6, 2019

The Indian government is going after social media apps run by Chinese companies, gearing up to create new regulations that will force them to oversee the content being shared. According to a report in the Financial Times , with Chinese social media apps very popular in India, the government is setting its sights on them.

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PYMNTS

FEBRUARY 12, 2020

The DPC — which acts as the regulator for all of Europe — searched the social media giant’s offices in Dublin. Privacy regulators raised concerns that the new feature wasn’t compliant with the new General Data Protection Regulation (GDPR). The DPC said it was first told about the proposed dating feature on Feb.

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social media Regulation Data US 131

PYMNTS

NOVEMBER 24, 2020

Everyone who is doing prepaid processing today claims that they can do credit,” he said — but when you dig deeper into the requirements of a credit-processing system and associated regulations, it’s a very different product than prepaid or debit. All About Mobile. But while some might think the mobile banking innovation trend is a U.S.-dominated

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PYMNTS

AUGUST 21, 2020

The social media company let American and Canadian users move media to Google Photos for the first time back in the spring. The news comes as Mark Zuckerberg, the chief executive of Facebook, testified before the FTC as part of the organization’s antitrust probe into the social media company.

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PYMNTS

DECEMBER 11, 2019

10) over the companies’ decision to use encryption technology, according to a report by Reuters. The lawmakers warned that both companies should allow for “backdoor” access to law enforcement or they would be forced to regulate the technology. senators went head to head with executives of Apple and Facebook on Tuesday (Dec.

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PYMNTS

DECEMBER 11, 2019

10) over the companies’ decision to use encryption technology, according to a report by Reuters. The lawmakers warned that both companies should allow for “backdoor” access to law enforcement or they would be forced to regulate the technology. senators went head to head with executives of Apple and Facebook on Tuesday (Dec.

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social media Apple Data California 130

PYMNTS

AUGUST 7, 2019

with trusted measurement and advertising partners, even if you didn’t give us permission to do so,” the company said in a post explaining the issues. The data leaks may have been happening since May of last year, which is also when the General Data Protection Regulation (GDPR) in Europe came into effect.

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PYMNTS

JANUARY 25, 2019

The General Data Protection Regulation (GDPR), which went into effect May of 2018, has had some serious repercussions on tech companies all over Europe, but especially in the U.K. In 2016, customers took to social media to complain about a similar thing.

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PYMNTS

SEPTEMBER 20, 2018

European regulators this week continued to show their love, respect and admiration for U.S.-based Assuming that caught your attention, here’s the real story: It’s shaping up as a busy week for regulators in Europe (including Turkey, which for purposes of this article, qualifies as Europe). so they are punishing us,” Thiel said.

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PYMNTS

SEPTEMBER 8, 2020

Here’s the latest news for Big Tech’s Google , Amazon , Apple and Facebook , which are coming under increasing scrutiny from legislators and regulators the world over. Regulation. Facebook Aims to Foster US Voting and Combat Election Misinformation. Russian Legislator Seeks to Place Limits on App Commissions.

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PYMNTS

AUGUST 1, 2017

The Business Monitor research shows us that SMEs understand the technology evolution underway and the need to incorporate innovation as a core component of their business, not just an added extra to address when cash-flow allows,” Tim Reed continued. Another technology in focus within MYOB’s report is social media.

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PYMNTS

OCTOBER 16, 2019

The social media site faced accusations that its ad-targeting platform — which allows ad buyers to select what demographic groups they want to target with their advertisements — was allowing and encouraging financial institutions (FIs) to violate non-discrimination provisions of the Fair Housing and Truth in Lending Acts.

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PYMNTS

AUGUST 11, 2017

In fact, some alleged perpetrators have gotten small sums through low-level fraud, such as check scams, or through channels where regulators have been paying less attention, such as social media fundraising, student loan withdrawals and online lending fraud.

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PYMNTS

JULY 9, 2019

It’s pretty clear to us that the FTC and different relevant regulators should be taking a much closer look at these platform companies,” said Nicholas Ahrens, vice president of innovation for RILA, in an interview. “We We are here to help.”.

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social media Apple Policies Innovation 109