Saturday, November 28, 2020
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Visa’s Planned $5.3B Purchase of Fintech Firm Plaid Challenged by US DOJ

The United States Department of Justice (DOJ) filed a lawsuit Thursday to stop Visa’s planned $5.3 billion acquisition of fintech firm Plaid, saying it violates antitrust laws and would eliminate competition in the online debit market. Filed in a Northern California federal court, the lawsuit described Visa as a “monopolist” in

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CoinDesk Joins IMF, CFTC, Swiss FINMA at DC Fintech Week Oct. 19, 2020

CryptoX is partnering with DC Fintech Week, one of the world’s premier policy and regulation-focused digital currency conferences, to produce a special edition of CryptoX Live. The virtual event, which runs Oct. 19-22, brings together marquee names from Switzerland’s FINMA, Sweden’s Riksbank, the Bank for International Settlements, the U.S.’ Commodity Futures

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British fintech to expand banking services to Indian crypto customers

The London-based online banking platform Cashaa is planning to launch a crypto-friendly neobank — or internet bank — in India. Kuman Gaurav, the founder of Cashaa, told Cryptox that Cashaa India will allow Indian businesses and individuals to open a savings account with them and buy, store and save cryptocurrencies just

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Congress weighs crypto payments and fintech lending in hearing today

In a hearing on Tuesday, the Congressional Fintech Task Force heard arguments on new rules that would potentially expand banking regulations to accommodate more technology firms providing financial services.A subunit of the Financial Services Committee, the Fintech Task Force leads the committee’s examinations of emerging technologies. As Task Force Chair

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Fintech Firm Fasset to Launch Zero-Trade Fee Crypto Trading Platform for Countries in the Gulf Region

A new cryptocurrency trading platform is gearing up to offer zero-fee trades to users in six countries in the Gulf Region. Announced on Thursday, the platform Fasset Exchange (FEX)  has started sign-ups for its private beta and is planning a public rollout later this year.  Source

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