PYMNTS

NOVEMBER 19, 2019

The government of India has the legal right to monitor and decrypt digital information on citizens’ devices, TechCrunch reported Tuesday (Nov. Reddy’s remarks were prompted after a lawmaker asked if the government had pried into people’s conversations on WhatsApp and other digital messaging apps. WhatsApp filed a lawsuit Oct.

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Fintech News

DECEMBER 18, 2023

However, a small proportion of recent remittances faced freezes by Chinese law enforcement agencies, with unclear reasons behind these actions. While Singapore has no jurisdiction over the frozen beneficiary bank accounts, the government remains in close contact with the PRC government to facilitate the decision on account unfreezing.

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VISTA InfoSec

SEPTEMBER 15, 2023

This Act, which supersedes Section 43A of the IT Act, 2000 and the SPDI Rules, 2011, brings about considerable changes to the norms of data protection. The DPDP Act is lean and principle-based, with details around implementation to be set out in future rules. For upholding public order and ensuring safety. Clause 8(1), DPDP Act.

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Data Breach Breach Governance Government 130

Global Fintech & Digital Assets

OCTOBER 31, 2023

Licensees, exchanges, and other market participants should prepare to comply with the listing, disclosure, capital, and other requirements that the new law imposes. The DFAL contains an exclusion for persons that contribute “only connectivity software … to a protocol governing transfer of the digital representation of value.”

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PYMNTS

DECEMBER 21, 2020

Russia's federal anti-monopoly service (FAS) has accused Booking.com of reportedly violating antitrust laws in the country and abusing a dominant market position, according to Reuters Monday (Dec. Under Russia's anti-monopoly law, the company could face a fine of around 1 percent to 15 percent of its annual revenue generated in the country.

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Laws Regulations On-Demand Rules 87

The Payments Association

MARCH 26, 2024

As the crypto market continues to innovate and grow, governments and regulators around the world are struggling to keep pace. The constantly shifting policy and regulatory landscape is also challenging for crypto businesses to navigate—particularly for firms seeking to operate in the UK where cryptoasset rules remain in flux.

Financial Crimes 88

Financial Crimes Crime Consulting Compliance 88

PYMNTS

NOVEMBER 30, 2020

The British government is establishing a new Digital Markets Unit tasked with enforcing laws that apply to Big Tech companies, such as Google and Facebook , authorities announced in a press release. The new unit, according to the government's announcement, will fall within the U.K.'s The rules are set to take effect in April.

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PYMNTS

MARCH 20, 2020

The regulator will have the authority to request information from tech firms and also enforce other Indian laws aimed at consumer protection and fair competition, the sources said. The move aligns with laws passed in 2019 that tech firms like Amazon and Walmart’s Flipkart are having trouble complying with.

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PYMNTS

FEBRUARY 14, 2020

There’s a saying in jurisprudence: Hard cases make bad law. Early this week, a judge denied a request from Uber and Postmates to halt the enforcement of a new California labor law — known as AB5 , which was voted into law last year — that would place new restrictions on gig economy workers. What’s next?

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PYMNTS

JANUARY 14, 2020

China is finalizing its first rules for online-only banks, striving to reduce financial jeopardy and lure pivotal participants, Reuters reported on Monday (Jan. About 12 associations, including foreigners, are working on the new laws with Chinese officials, and some are eager to introduce online banks, a source said.

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Laws Rules Central Bank Privacy 58

Innovative Payments Association

JUNE 26, 2024

Regulators are facing a deadline for any new rules that they want to put in place, but that deadline isn’t the election, or even the inauguration of a new president. CRA dates back to 1996, when it became law as part of the Small Business Regulatory Enforcement Fairness Act. 5 U.S.C. § § 804(2). 5 U.S.C. §

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VISTA InfoSec

JULY 17, 2024

Overcoming language barriers and security vulnerabilities Talking to people in a language they understand makes it easier for them to follow security rules. Keep your systems updated with global cybersecurity governance standards. Each of these sets its own rules on handling personal information safely and legally.

Cybersecurity 186

Cybersecurity Compliance Encryption Best Practices 186

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

AUGUST 9, 2020

A panel was appointed by the Indian government last month to regulate data that doesn’t contain personal details and yet is crucial to letting companies do business, according to Reuters. The plan to regulate data is another irritant for tech companies already mired in tight eCommerce rules and concerns over antitrust.

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PYMNTS

JANUARY 28, 2019

As has happened so far, India’s government said late last year that new eCommerce regulations would become the law of the land – at the end of this week, on Feb. Assuming no pushout or subsequent reworking of the rules, the laws would have the impact , as PwC and Reuters have noted, of hampering growth in eCommerce.

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Rules Cross-Border Small Business Governance 75

PYMNTS

JANUARY 13, 2019

All India Online Vendors Association, a trade group representing online merchants in India, vowed to appeal a ruling by the Competition Commission of India that favored Flipkart , the eCommerce company owned by Walmart. Chanakya Basa, a lawyer for All India Online Vendors, said it will appeal the ruling.

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Neopay

MARCH 26, 2024

This note sets out the next phase of delivering a Smarter Regulatory Framework for the UK by replacing assimilated law on financial services. Details The Financial Services and Markets Act 2023 (FSMA 23) repeals assimilated law for financial services in order to deliver a Smarter Regulatory Framework (SRF) which is tailored to the UK.

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PYMNTS

JANUARY 15, 2019

A sudden change in rules is not helpful,” said Mukesh Aghi, president of the U.S.-India While India made sure to protect small retailers when it opened the country to foreign capital in the 1990s, it wasn’t as clear with its rules when eCommerce came into play. 31 deadline will cause huge disruption to their businesses. “A

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VISTA InfoSec

SEPTEMBER 28, 2023

This new law, approved by the president on August 11, 2023, dictates how organizations handle personal data. Be an individual responsible to the Board of Directors or similar governing body of the Significant Data Fiduciary. These measures ensure lawful, transparent processing of personal data while maintaining privacy.

Privacy 130

Privacy Audit Data Breach Compliance 130

The Fintech Times

SEPTEMBER 4, 2024

This month, The Fintech Times will look at some of the biggest issues regarding compliance and financial rules, as well as the solutions hoping to ease the compliance journey for firms and make the fintech world fairer and safer. Regulatory rules are constantly changing, with new ones being introduced at a rapid rate. .

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Payments Source

NOVEMBER 19, 2018

are among firms being investigated by Brazilian regulators over some rules governing use of payment networks. American Express Co. and Mastercard Inc.

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Visa Laws Rules Payment Networks 68

PYMNTS

DECEMBER 3, 2019

Department of Agriculture’s (USDA) interim final rule on hemp production. After further evaluation of the USDA interim final rule, the Financial Crimes Enforcement Network (FinCEN) will issue additional guidance. The statement provides FIs with federal data that defines the legal status of hemp, as well as the U.S.

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Suspicious Activity Report (SAR) BSA Rules Office of the Comptroller of the Currency 55

Global Fintech & Digital Assets

FEBRUARY 1, 2024

Valdez The appropriate regulatory characterization of cryptocurrencies and digital assets for US legal purposes has spawned many pages of analysis and occupied many hours of industry, law firm, and regulatory consideration.

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NFTs Laws Cryptocurrency Rules 52

PYMNTS

DECEMBER 26, 2018

China is gearing up to stop local governments from making foreign companies transfer their proprietary technology to Chinese partners, reported The Financial Times. According to a report in The Financial Times , the government in China is taking steps to address one of the biggest complaints the U.S.

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Rules Laws Government Governance 43

PYMNTS

DECEMBER 19, 2019

Europe’s highest court ruled that Airbnb is an “information society service” rather than a property broker or estate agent, TechCrunch reported on Thursday (Dec. eCommerce platforms have to abide by regional rules and that could make it harder for Airbnb to do business. . “We

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PYMNTS

DECEMBER 26, 2018

The Indian government has made new rules for websites like Amazon and Flipkart and changed how they’re allowed to sell goods in the country, according to reports. Under the new rules, which go into effect on Feb. The new rules say services given to vendors should be done in a fair and non-discriminatory way.

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PYMNTS

OCTOBER 24, 2019

Wayfair ruling gave states and cities permission to tax remote sellers and online marketplaces based on their economic participation in the state, regardless of whether they had physical presences. Kansas’ economic nexus tax recently came under fire from its own government. The Push To Refine eCommerce Sales Tax Laws For Marketplaces.

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Fintech News

JUNE 12, 2024

Theme 1: Establishing Optimal Governance and Interoperability Frameworks Effective governance and interoperability frameworks will be crucial for managing the complexities of cross-border payments. To make multilateral payment platforms work well, there need to be clear rules and ways for different systems to work together.

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Cross-Border Payments Cross-Border Interoperability Payments 91

PYMNTS

AUGUST 14, 2018

The Australian government on Tuesday (Aug. 14) put forth a new law that would call on technology companies, including Apple, to provide access to encrypted data if they receive a warrant. According to a report in 9to5Mac , failure to comply with the rule would result in fines as high as $7.3

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PYMNTS

DECEMBER 16, 2019

The company has been accused of affecting housing shortages, forcing out lower income residents and not playing by the same rules by which others must abide. That was when the judge asked for clarification from the CJEU, which is expected to rule on Dec. This does not mean, however, that a ruling in Airbnb’s favor is guaranteed.

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PYMNTS

DECEMBER 26, 2019

Easing tax compliance helps governments and retailers alike. That would ease third-party sellers’ compliance work, and would mean government officials could monitor fewer entities, focusing on a handful of marketplaces rather than thousands of individual sellers. Around The Next-Gen Sales Tax Wor ld. Find the full story in the Tracker.

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Laws Compliance Governance Government 52

PYMNTS

SEPTEMBER 30, 2019

eCommerce sales tax laws are having unintended consequences in the tobacco industry. State governments began rolling out economic nexus laws after 2018’s South Dakota vs. Wayfair ruling. It appears that economic nexus laws are falling short of leveling the playing field in at least one niche industry, however.

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Laws Facilitators Rules Governance 43

Global Fintech & Digital Assets

NOVEMBER 16, 2023

Recognizing new realities in decentralization, the regulations aim to provide market players with governance flexibility within distributed ledger technology foundations. The Regulations lay down key rules regarding a new type of foundation, based on distributed ledger technology (DLT). Do the FSRA rules still apply?

Regulations 52

Regulations Technology Distributed Ledger Technology (DLT) Audit 52

PYMNTS

NOVEMBER 3, 2020

Many of these rules concern companies’ storage and handling of digital data, and the regulators who crafted them are keeping an eye on their use during the global health crisis as well as how they mesh with consumers’ changing opinions. For example, a September report found that the number of open banking users in the U.K. and the EU.

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Rules Consumer Privacy Online and Mobile Banking 77

PYMNTS

MARCH 6, 2019

The French government is going after U.S.-based In a statement to the news outlet, a Google spokesperson said the company always pays its taxes and complies with the tax laws in every country in which it operates. In France, we voluntarily set up a new sales and invoicing structure in 2018.

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Stax

DECEMBER 13, 2023

However, you must keep in mind several federal and state laws as well as credit card network guidelines (e.g. So make sure to follow all rules related to the placement, content, design, and compliance of your signage. Surcharging rules Surcharge laws and guidelines can vary from state to state.

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Credit Cards Debit Card Laws Rules 88

PYMNTS

JANUARY 22, 2020

India is on the verge of passing a data protection law in 2020 that, in some respects, mirrors – and may help inform – other initiatives around the globe. And once the law is official in India, the country will take its place alongside the U.K. Will India prove to be a model for open banking ? and Australia.

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