The Paycheck Protection Program officially expired yesterday but last night the Senate reached a deal to extend the program until...
Fintech faces a flurry of changes, LexisNexis Risk Solutions director of financial crime compliance Tracy Manning said.
These operations had been legally challenged by credit card companies, which currently dominate this type of activity in Chile.
Last year, 16 fintechs were authorized in Mexico. Among them, Albo, Belvo, Todito Pagos, Mercado Pago and Femsa's Spin by Oxxo.
BTC or ETH is not subject to tax on sales if the individual sells them more than 12 months after being acquired.
Indonesia's Financial Services Authority has issued regulations for alternative lenders; the regulations are slightly less strict than expected; they require fintech companies to have capital of 1 billion rupiah ($74,239) when registering their business and capital of 2.5 billion rupiah ($187,210) when applying for a business license; the regulations do not set any limits on interest rates. Source
On November 7, China passed data control laws that had been put on the table in August; the laws include government security checks on companies in finance, telecommunications and other critical data industries as well as mandatory in-country data storage; also, individuals will have to register with their real names on messaging services; businesses are concerned that information flow will be curtailed in industries where this is critical to be effective and corporate security checks have the potential to be invasive rather than simply regulatory; the law will go into effect next summer; some aspects of the law will need clarification over time from the government. Source
I first wrote about the GAO report on p2p lending last year. The GAO have been doing an analysis of...
State regulators are stepping into action to regulate earned wage access. But the process is slow and could create a mismatch for providers.
Stablecoins play an essential role in the crypto-asset ecosystem, although it does pose risks to market liquidity if they fail.