Regulators

EU Probes Libra Risks With New Questions For Facebook
EU Probes Libra Risks With New Questions For Facebook
October 07, 2019  |  Regulation

The European Commission has asked Facebook and the Libra Association to respond to a series of questions on financial stability, money laundering and data privacy...

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What We’ve Learned From Libra
What We’ve Learned From Libra
October 07, 2019  |  Cryptocurrency

PayPal officially pulled its support of Facebook’s Libra initiative after it no-showed at the Libra Association meeting last week in Washington, D.C. PayPal’s endorsement of...

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PayPal Is A No-Show At Libra Association Meeting
PayPal Is A No-Show At Libra Association Meeting
October 03, 2019  |  Cryptocurrency

Facebook’s proposed cryptocurrency Libra has had its fair share of scrutiny and regulatory issues, and now the Financial Times is reporting that PayPal is very...

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ING: Central Banks Will Soon Create Their Own Crypto
ING: Central Banks Will Soon Create Their Own Crypto
September 27, 2019  |  Cryptocurrency

Mark Cliffe, chief economist at Dutch financial service firm ING, said central banks around the globe will have “fully fledged” cryptocurrencies in a matter of...

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Libra Association Continues Push For European Acceptance
Libra Association Continues Push For European Acceptance
September 27, 2019  |  Cryptocurrency

The association meant to manage and handle the debut of Facebook’s proposed cryptocurrency Libra has been dealing with some setbacks involving its acceptance, especially from...

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Banks Scrapping Regulators For Friendlier OCC Oversight
Banks Scrapping Regulators For Friendlier OCC Oversight
September 17, 2019  |  Bank Regulation

An increased number of banks are swapping their own regulators for oversight by the Office of the Comptroller of the Currency (OCC), The Wall Street...

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EU Regulators Probing Libra For Antitrust Issues
EU Regulators Probing Libra For Antitrust Issues
September 05, 2019  |  Facebook

EU regulators are investigating if Facebook’s planned cryptocurrency will harm competition. European Competition Commissioner Margrethe Vestager said the move was justified even though Libra hasn’t...

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Breach Of Mastercard Loyalty Program Affected 90K Germans’ Data
Breach Of Mastercard Loyalty Program Affected 90K Germans’ Data
August 23, 2019  |  Security & Fraud

Belgian and German data protection regulators were notified by Mastercard of a possible data breach, Bloomberg reported on Friday (Aug. 23). The breach was first...

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US Lawmakers Seek Tighter Regulation Of Financial Cloud Services
US Lawmakers Seek Tighter Regulation Of Financial Cloud Services
August 23, 2019  |  Regulation

Democratic House Representatives Katie Porter and Nydia Velázquez have asked the Financial Stability Oversight Council (FSOC) to look into tighter oversight of Big Tech cloud...

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