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Japan’s Financial Services Agency Mulls Crypto Regulation Under FIEA
Japan’s Financial Services Agency has proposed transferring cryptocurrency oversight from the Payment Services Act to the stricter Financial Instruments and Exchange Act. The move aims to address issues such as unregistered operations, scams, disclosure gaps, and security flaws, while improving investor protection. If approved by the Financial Sy...
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Apple Seeks to Defend Google's Billion-Dollar Payments in Search Case
Apple wants to call witnesses to testify at an April trial. Prosecutors will seek to show Google must take several measures, including selling its Chrome Web browser and potentially its Android operating system, to restore competition in online search.
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Nokia 3210 With Unisoc T107​ SoC, YouTube, UPI Apps Debuts in India: Price, Specifications
HMD has brought back the Nokia 3210 feature phone in India on Tuesday. The launch marks the 25th anniversary of the original unveiling of the phone. The new Nokia 3210 feature phone comes in three colour options and offers YouTube access. It packs a 1,450mAh battery, a 2-megapixel rear camera, and runs on Unisoc T107. The Nokia 3210 features a pre...
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Paytm Bags NPCI Approval for User Migration to New Payment System Provider Banks
One 97 Communications Limited (OCL), which owns the brand Paytm, has received the nod from NPCI to start the user migration to new Payment System Provider (PSP) bank handles, the company informed the stock exchanges in a filing on Wednesday.
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FASTag KYC Deadline Could Be Extended Beyond February 29: Report
FASTag KYC Update: FASTag is an electronic toll collection system in India, operated by the NHAI. It employs RFID technology for making toll payments directly from the prepaid or savings account linked to it or directly toll owner.
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PayPal Moves Delhi High Court Against Order Holding It as ‘Payment System Operator’ Under Money Laundering Law
American online payment gateway PayPal on Wednesday moved the Delhi High Court against an order which ruled that it was a "payment system operator" under the Prevention of Money Laundering Act (PMLA) and has to thus comply with "reporting obligations" under it.
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Government Plans Action Against Google Over Abuse of Market Position
India's government plans to take action against Alphabet's Google after an antitrust watchdog last year found the group to have abused its market position by indulging in anti-competitive practices, a top IT minister told Reuters. India's antitrust body in October fined Google $275 million (nearly Rs. 2,280 crore) in two cases, which involved abusi...
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Google Says in Compliance With CCI Order Regarding Play Store's Payments Policy
Google on Wednesday said its Google Play's payments policy is compliant with the anti-trust watchdog CCI's order and it is pushing ahead with plans to enforce the policy in the country. Three routes are available for app developers — using Google Play's billing system, an alternative billing system called the user choice billing system alongside ...
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FTX Japan Plans to Resume Customer Withdrawals by Year End: Report
FTX Japan, a subsidiary of the now-bankrupt FTX.com, is preparing to resume withdrawals by the end of 2022 to Japanese customers. Withdrawals cannot resume immediately because FTX Japan uses the same payment system as its parent company FTX.com, which has frozen withdrawals.
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FTX Launches Strategic Review, Seeks Court Relief to Pay Critical Vendors
FTX said on Saturday it has launched a strategic review of its global assets and is preparing for the sale or reorganisation of some businesses. FTX, along with about 101 affiliated firms, also sought court relief to allow the operation of a new global cash management system and payment to its critical vendors.
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Google India Policy Head Archana Gulati Said to Resign Amid Ongoing Antitrust Cases
Google India Public Policy Head Archana Gulati is said to have resigned from the company within five months of joining the company. The company currently faces two antitrust cases in the country, and the antitrust watchdog Competition Commission of India is looking into Google's business conduct in the smart TVs market, its Android operating system...
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Russian Parliament Clears Draft Bill That Exempts Digital Assets, Crypto Issuers From VAT
Cryptocurrencies and digital assets issuers in Russia may no longer have to worry about Value Added Tax (VATs) payments moving forward, all thanks to the proposed draft law that has seen approval from the State Duma.
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RBI Cautions Public Against Prepaid Payment Instruments Issued by Unauthorised Entities
The RBI said Gurugram-registered sRide Tech Private Limited is operating a pre-paid instrument (wallet) through its car-pooling app sRide without obtaining the required permissions, as it cautioned the public against using applications issued by unauthorised entities.
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Apple Fined EUR 5 Million by Dutch Watchdog Over App Store Payment Options
The Dutch consumer watchdog fined Apple EUR five million (roughly Rs. 42 crore) on Monday for failing to allow dating app operators to choose payment options other than its own Apple Pay system in its Dutch App Store.
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Apple Plans to Allow Third-Party Payment Systems in South Korea's App Store, Regulator Says
South Korea's telecommunications regulator said on Tuesday that Apple had submitted plans to allow third-party payment systems on its app store, to comply with a law banning major app store operators from forcing software developers to use their payments systems.
-
Japan’s Financial Services Agency Mulls Crypto Regulation Under FIEA
Japan’s Financial Services Agency has proposed transferring cryptocurrency oversight from the Payment Services Act to the stricter Financial Instruments and Exchange Act. The move aims to address issues such as unregistered operations, scams, disclosure gaps, and security flaws, while improving investor protection. If approved by the Financial Sy...
-
Apple Seeks to Defend Google's Billion-Dollar Payments in Search Case
Apple wants to call witnesses to testify at an April trial. Prosecutors will seek to show Google must take several measures, including selling its Chrome Web browser and potentially its Android operating system, to restore competition in online search.
-
Nokia 3210 With Unisoc T107​ SoC, YouTube, UPI Apps Debuts in India: Price, Specifications
HMD has brought back the Nokia 3210 feature phone in India on Tuesday. The launch marks the 25th anniversary of the original unveiling of the phone. The new Nokia 3210 feature phone comes in three colour options and offers YouTube access. It packs a 1,450mAh battery, a 2-megapixel rear camera, and runs on Unisoc T107. The Nokia 3210 features a pre...
-
Paytm Bags NPCI Approval for User Migration to New Payment System Provider Banks
One 97 Communications Limited (OCL), which owns the brand Paytm, has received the nod from NPCI to start the user migration to new Payment System Provider (PSP) bank handles, the company informed the stock exchanges in a filing on Wednesday.
-
FASTag KYC Deadline Could Be Extended Beyond February 29: Report
FASTag KYC Update: FASTag is an electronic toll collection system in India, operated by the NHAI. It employs RFID technology for making toll payments directly from the prepaid or savings account linked to it or directly toll owner.
-
PayPal Moves Delhi High Court Against Order Holding It as ‘Payment System Operator’ Under Money Laundering Law
American online payment gateway PayPal on Wednesday moved the Delhi High Court against an order which ruled that it was a "payment system operator" under the Prevention of Money Laundering Act (PMLA) and has to thus comply with "reporting obligations" under it.
-
Government Plans Action Against Google Over Abuse of Market Position
India's government plans to take action against Alphabet's Google after an antitrust watchdog last year found the group to have abused its market position by indulging in anti-competitive practices, a top IT minister told Reuters. India's antitrust body in October fined Google $275 million (nearly Rs. 2,280 crore) in two cases, which involved abusi...
-
Google Says in Compliance With CCI Order Regarding Play Store's Payments Policy
Google on Wednesday said its Google Play's payments policy is compliant with the anti-trust watchdog CCI's order and it is pushing ahead with plans to enforce the policy in the country. Three routes are available for app developers — using Google Play's billing system, an alternative billing system called the user choice billing system alongside ...
-
FTX Japan Plans to Resume Customer Withdrawals by Year End: Report
FTX Japan, a subsidiary of the now-bankrupt FTX.com, is preparing to resume withdrawals by the end of 2022 to Japanese customers. Withdrawals cannot resume immediately because FTX Japan uses the same payment system as its parent company FTX.com, which has frozen withdrawals.
-
FTX Launches Strategic Review, Seeks Court Relief to Pay Critical Vendors
FTX said on Saturday it has launched a strategic review of its global assets and is preparing for the sale or reorganisation of some businesses. FTX, along with about 101 affiliated firms, also sought court relief to allow the operation of a new global cash management system and payment to its critical vendors.
-
Google India Policy Head Archana Gulati Said to Resign Amid Ongoing Antitrust Cases
Google India Public Policy Head Archana Gulati is said to have resigned from the company within five months of joining the company. The company currently faces two antitrust cases in the country, and the antitrust watchdog Competition Commission of India is looking into Google's business conduct in the smart TVs market, its Android operating system...
-
Russian Parliament Clears Draft Bill That Exempts Digital Assets, Crypto Issuers From VAT
Cryptocurrencies and digital assets issuers in Russia may no longer have to worry about Value Added Tax (VATs) payments moving forward, all thanks to the proposed draft law that has seen approval from the State Duma.
-
RBI Cautions Public Against Prepaid Payment Instruments Issued by Unauthorised Entities
The RBI said Gurugram-registered sRide Tech Private Limited is operating a pre-paid instrument (wallet) through its car-pooling app sRide without obtaining the required permissions, as it cautioned the public against using applications issued by unauthorised entities.
-
Apple Fined EUR 5 Million by Dutch Watchdog Over App Store Payment Options
The Dutch consumer watchdog fined Apple EUR five million (roughly Rs. 42 crore) on Monday for failing to allow dating app operators to choose payment options other than its own Apple Pay system in its Dutch App Store.
-
Apple Plans to Allow Third-Party Payment Systems in South Korea's App Store, Regulator Says
South Korea's telecommunications regulator said on Tuesday that Apple had submitted plans to allow third-party payment systems on its app store, to comply with a law banning major app store operators from forcing software developers to use their payments systems.
