The head of two cryptocurrency exchanges in South Korea were detained by law enforcement for allegations they embezzled the assets of customers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Investigators in India are questioning four senior central bank officials as part of its investigation into the $2 billion fraud case at Punjab National Bank (PNB). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Historically speaking, it has not been easy for U.S. retailers (or any foreign players) to establish a strong presence in the Chinese market. However, many have been working hard to overcome the barriers and do business in the Far East, and some progress has been...
A Russian man claimed his innocence late last week after being accused of hacking three U.S. tech companies, potentially accessing personal information on 100 million LinkedIn users. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Law enforcement in South Korea is looking into Youbit, the South Korean bitcoin exchange that was the subject of a heist that brought the exchange down, and are investigating the prospect that North Korea may have been involved. Get the Full Story Complete the form...
In an effort to comply with local laws and regulations in China, Airbnb has announced that it will start sharing information with the Chinese government in a few days. As of March 30, the home sharing company may give Chinese authorities information “without further notice,”...
In economics, it’s all fun and games until someone starts a trade war and loses some GDP. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...
In what is seen as a blow to Alipay, Walmart inked a deal with rival Tencent Holdings to use WeChat Pay, its popular payment app, in all of its stores in the western region of China. Get the Full Story Complete the form to unlock...
China will focus both on opening up its financial sector and preventing risks via regulation and oversight, said Yi Gang, the new governor of China’s Central Bank. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
