Check out our website: PayPal Sues Consumer Protection Agency
PayPal is suing the Consumer Financial Protection Bureau (CFPB) for requiring the firm to make “misleading and confusing” disclosures about its fees. The digital payments service provider filed a lawsuit against the CFPB on Dec. 11, arguing that the agency has ignored critical differences between digital wallets and prepaid products like prepaid debit cards (GPR).
Monero Says They Are Not Subject To US Finance Crimes Enforcement Network
The Monero Compliance Workgroup has stated that the Monero (XMR) network is not subject to U.S. Financial Crimes and Enforcement Network (FinCEN) guidelines regarding the Funds Travel Rule, in a Dec. 5 blog post. The Funds Travel Rule requires financial institutions who are sending and/or receiving funds to store and transmit certain information about the transfer if it is valued at over $3,000 or equivalent amount.
Another Round Of Quantitative Easing For The FED
The United States central bank is moving forward with another round of quantitative easing as it is about to inject another $425 billion of nonexistent money into the economy by the middle of next month. Critics, especially in Bitcoin (BTC) circles, have long highlighted the policy as an example of the failure of central banks to “manage” economies.
Chinese Media Group Goes Into Partnership With Government
Owner of major social media app TikTok, ByteDance, has launched a joint venture with state-owned Chinese media group and ThePaper.cn operator Shanghai Dongfang Newspaper to develop business models that include blockchain and artificial intelligence (AI). The joint venture was launched in the capital of eastern China’s Shandong province, Jinan, on Dec. 10 with a registered capital of 10 million yuan ($1.43 million). ByteDance owns 49% of the venture while the rest is owned by the Chinese media group.
New Report Says 43% Of Investors Interested In BTC Are Women
A recent report published by Bitcoin (BTC) fund operator Grayscale suggests that 43% of investors interested in Bitcoin are women. The study involved 1,100 United States investors of ages between 25 and 64 surveyed between March 28 and April 3, 2019. All the respondents were involved in personal investing and held at least $10,000 in investable assets with at least $50,000 in household income. If we pivot and look at something like the stock market, we see that only 26% of women are active investors there.
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