Fintech News

JULY 1, 2024

Security, intelligence, law enforcement, supervisory, and regulatory agencies work together to detect and respond to both existing and emerging threats. This strategy involves coordinated risk identification, robust legal frameworks, strict regulatory regimes, decisive enforcement actions, and international cooperation.

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Risk Assessment Assessments Risk Finance 114

PYMNTS

AUGUST 17, 2020

In a letter, as reported by various media outlets in India, the All India Organization of Chemists and Druggists argues that laws from the 1940s prohibit the sort of home delivery operation that Amazon is piloting in India. Amazon Pharmacy launched in Bengaluru, India last week.

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Fintech Review

SEPTEMBER 17, 2024

Fintech Review looks into their function, their role in fostering innovation, and the significant challenges they face, particularly in terms of legal recognition, security, and scalability. Legal Challenges Facing DAOs While they offer many advantages, they are not without challenges, particularly regarding legal recognition.

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Fintech Finance

SEPTEMBER 17, 2024

The recognition comes after the company successfully met all criteria outlined in Law No. 21/2023, dated May 25th, which sets the legal framework for startups and scaleups in Portugal. This certification confirms that Akurateco meets all legal and regulatory requirements for scaleup status in Portugal.

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PYMNTS

JANUARY 26, 2021

Speaking at a World Economic Forum panel, Yi said the matter was “complicated” and what was needed was a clear legal framework. “I I would say that this is a process and also, once” problems are resolved, Ant could get back on track, “according to law,” Yi said, per Bloomberg.

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Open Banking Excellence

SEPTEMBER 27, 2024

Half a decade ago, Mexico demonstrated its ongoing commitment to updating its financial regulation with the introduction of the Fintech Law. Such regulatory framework serves as a solid foundation for the progression of Open Banking, guaranteeing a safer and standardised environment.

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Financial Inclusion FinTech Laws Regulations 147

Segpay

MARCH 24, 2025

By comparing the Australian legal e-gaming and e-gambling landscape with that of the USA, we want to make it easier to understand for our readers who are familiar with US regulations. This article will help you gain a better understanding of gaming and gambling laws in Down Under. billion by 2034.

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Fintech Finance

JULY 1, 2024

In line with current practice, payment service providers would only have access to the personal data that are required to ensure compliance with EU law, such as anti-money laundering regulations. To use data for commercial purposes, payment service providers would need users’ explicit consent.

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PYMNTS

DECEMBER 23, 2020

According to Bloomberg, smaller websites are particularly concerned that legislators are too focused on major players like Facebook and Google while they mull changes to the law. Google’s owner Alphabet is also wary about changing the law. We support legal frameworks that achieve these goals.”. At a hearing of the U.S.

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Federal Trade Commission Legal Framework Laws FTC 76

PYMNTS

NOVEMBER 28, 2019

27, the Swiss Federal Council adopted the dispatch on the further improvement of the framework conditions for DLT/blockchain, which is aimed at increasing legal certainty, removing barriers for applications based on DLT and reducing the risk of abuse. And during a meeting on Nov.

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Stax

JANUARY 15, 2024

Failure to comply with its policy frameworks can have severe consequences— legally and financially. Surcharging involves understanding federal laws, state-specific restrictions, and international regulations. Be sure to understand federal laws, state regulations, and international standards to sidestep potential legal issues.

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Credit Cards PCI DSS Compliance Process 88

Stax

FEBRUARY 5, 2024

Healthcare providers, for instance, may factor in compliance costs spent on cybersecurity measures, staff training, regular audits, and legal consultations to ensure adherence to health information privacy regulations. Be aware of restrictions and guidelines in your business jurisdictions to avoid legal repercussions.

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Credit Cards Legal On-Demand Regulatory Compliance 88

Fintech News

JULY 17, 2024

These figures underscore the immense challenge facing regulators and law enforcement agencies in their efforts to curb illicit financial flows in the crypto space. The United Arab Emirates has amended Federal Decree-Law No. (20)

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The Fintech Times

JANUARY 31, 2025

Sharakah provides financial support and post-financial to SMEs in Oman Oman Technology Fund Aims to put Oman firmly on the map of knowledge leaders in the Middle East Oman Banks Association (OBA) A non-profile professional association for the countrys banking industry Breakdown of sector: Image Source: The Fintech Times Timeline of key fintech (..)

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FinTech Non-Bank Legal Framework Central Bank 64

PYMNTS

SEPTEMBER 24, 2019

Hoffman explained that the agency used this legal framework in its 2017 case against Questcor, alleging that the company illegally maintained its U.S. In addition to the Clayton Act, the Sherman Act prohibits a firm from gaining or maintaining a monopoly position through anticompetitive conduct.

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FTC Federal Trade Commission Laws Legal Framework 43

PYMNTS

SEPTEMBER 11, 2019

There are some amendments and exemptions to the law that are still being finalized. It seems AB 5 is done but for the final counting — and will soon be California’s local law of the land. That the law has been passed, for example, doesn’t answer how comprehensively the law will be enforced.

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Economy Laws Legal Framework Legal 65

Segpay

SEPTEMBER 30, 2023

CBD’s unique legal status allows it to be sold online, unlike other cannabis-related products. This comprehensive guide will explore the world of selling CBD online, covering everything from the legal landscape to choosing the right eCommerce platform and getting started in this thriving industry. THC (tetrahydrocannabinol).

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PYMNTS

SEPTEMBER 2, 2019

The Improving Laundering Laws and Increasing Comprehensive Information Tracking of Criminal Activity in Shell Holdings (ILLICIT CASH) Act is one legislative initiative under consideration that would ban anonymous companies. The FIN testimony also recommended that legislation gets passed that bans anonymous companies.

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PYMNTS

NOVEMBER 4, 2016

Switzerland’s new plans to loosen regulations on FinTech firms to boost competition include addressing the legal treatment of virtual currencies and assets. The 500-page, $5,000 applications are an attempt to offer an unequivocal legal framework for businesses to exchange in bitcoin. Currently, 15 applications are pending.

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Bitcoin Digital Currency Law Enforcement Legal Framework 76

PYMNTS

JUNE 27, 2016

What that would do, of course, is put bitcoin in a regulatory framework that enables lawmakers to tax, regulate and monitor bitcoin transactions in a way that may give more legitimacy to the concept of the cryptocurrency. For now, there are no specific laws around bitcoin, which means bitcoin is already legal.

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The Fintech Times

FEBRUARY 21, 2024

Furthermore, Asia is proactive in implementing the necessary legal frameworks to support these advancements. Unlike the EU, which benefits from uniform regulations and a shared legal framework for its member states, Asia presents a tapestry of diversity with no overarching structures.

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PYMNTS

AUGUST 20, 2018

via Coinbase, was closed – and the activity in Hong Kong allegedly was to avoid reporting certain information as required by law. Said prosecutors in their own document announcing the charges: “Burrell’s activities ‘blew a giant hole’ through the legal framework of U.S.

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Money Laundering Bitcoin Legal Framework Laws 41

PYMNTS

JUNE 10, 2020

COVID-19’s spread and related lockdowns have highlighted the need for legal reform in this area. Cottrell Title & Escrow has observed the ways in which the COVID-19 pandemic has impacted interest in RON services and the adoption of laws regulating how they are used. RON services were legal in 23 U.S.

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Legal Money Laundering On-Demand Legal Framework 52

PYMNTS

MARCH 9, 2020

To that end, PayPal said last month that it would team with law enforcement agencies, academics and experts to track how payments are used to traffic firearms illegally through the United States. That’s easier said than done, perhaps, in the digital age, where money flows digitally, increasingly in real time.

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Stax

DECEMBER 9, 2024

Adherence to the Fair Credit Billing Act (FCBA) The Fair Credit Billing Act (FCBA) is a federal law designed to protect consumers in credit card transactions. Legal and Regulatory Considerations Businesses must navigate a complex web of regulations when dealing with chargebacks.

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Neopay

NOVEMBER 27, 2023

These Guidelines aim at forging a common understanding to ensure the consistent application of EU law as well as a stronger anti-money laundering and countering the financing of terrorism (AML/CFT) regime. The consultation runs until 26 February 2024.

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Neopay

JULY 18, 2024

Sub-Saharan Africa: This region suffers from high money laundering risk due to corruption, poor transparency, and weak rule of law. The European Union’s 6th Anti-Money Laundering Directive (6AMLD) has enhanced the legal framework, increasing penalties and expanding the scope of predicate offenses.

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PYMNTS

NOVEMBER 5, 2019

This bill is stronger than the California law,” Eshoo said, according to The Verge. Our country urgently needs a legal framework to protect consumers from the ever-growing data-collection and data-sharing industries that make billions annually off Americans’ personal information,” said Rep. Lofgren.

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CoinRemitter

JUNE 30, 2024

Legal and Regulatory Challenges of DAOs Legal Status: Current legal frameworks struggle to categorize DAOs. This makes it hard to figure out which country’s laws apply to them and their activities. Regulators are concerned that DAOs might be used to bypass AML laws. This creates confusion.

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Governance Government Blockchain Money Laundering 40

Segpay

MAY 1, 2024

DORA entered into force on January 16th, 2023, and its legal implementation deadline is January 17 th , 2025. Its legal framework is designed to enhance the operational resilience of all digital service providers, including payment service providers (PSPs), that operate in the European Union (EU).

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PYMNTS

APRIL 28, 2017

Law enforcement does not have the bandwidth to investigate or prosecute for these crimes unless they reach a large financial threshold. New Human Rights Laws Proposed to Protect from Mind Hacks. Cybercrooks know this and use that to their full advantage. It really is the future.

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Global Fintech & Digital Assets

FEBRUARY 26, 2024

The Consultation Paper outlines how the HKMA proposes to implement the Basel Committee’s standard into Hong Kong law, including through amendments to the banking capital, liquidity, disclosure and exposure limit rules, and its supervisory policy manual and other guidance.

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PYMNTS

JANUARY 8, 2018

Given his long-standing personal commitment to the clear and present danger cannabis presents to the American people, it probably should not have come as much of a shock when Attorney General Jeff Sessions officially moved to curtail the legalized cannabis industry this week.

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FICO

SEPTEMBER 27, 2017

Most tax and revenue agencies have strong collection operations, anchored by a large, dedicated staff of collectors supported by laws that allow for streamlined enforcement actions. Below is a list of key items to support this function: Single Legal Framework.

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Governance Government Non-Bank Authorization 49

PYMNTS

JANUARY 31, 2018

The case centers on the legality of Amex’s actions to bar retailers that offer consumers discounts if they use cards that have lower fees than what Amex charges the merchant, or if they educate those consumers on that fee structure in an attempt to persuade them to use a different, aka cheaper, card. In early 2015, a U.S.

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Rules Credit Cards Legal Consumer 40

Segpay

AUGUST 20, 2024

Many Asian countries are drafting age verification laws to protect children from accessing age-inappropriate content and services. Source: Aware Biometrics In this article, we will explore age verification laws in key Asian countries, highlighting their approaches and the challenges they face.

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Finovate

JANUARY 24, 2025

Even critics who argue the law is either too sweeping or too narrow recognize that engaging with regulators and key stakeholders is often the smarter path. Shabi: Complying with the MiCA framework is the first thing that comes to mind when cryptocurrency and the EU are mentioned in the same sentence.

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