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New era for pot regulation leaves old problem: Many cannabis companies can't find a bank

The Biden administration's move to reclassify marijuana as a less dangerous but still controlled drug was hailed as a monumental step in reshaping national policy. “As far as financial institutions, I don’t necessarily think it’s going to have a demonstrable effect” on how they deal with cannabis operators, said Morgan Fox, political director for the National Organization for the Reform of Marijuana Laws, or NORML. “Any potential decision from the admini...
United States Dotany Melech Morgan Fox Juliea Hill Blair Bernstein Morgan Paxhia
Source: yahoo.com

STC Bank launches in Beta supported by SAMA

Today stc pay was given formal approval from the Saudi Central Bank (SAMA) to move to the next phase of its transformation journey into STC Bank. This beta launch is limited to preselected customers and is a preparation for a full public launch later in the year. This step is supported by SAMA, affirming its commitment to playing a pivotal role in digital transformation and empowerment, contributing to the ambitious goals of Vision 2030 to transition towards a cashless society by increasing the
Saudi Arabia Bank International Account Number International Bank Account Number Saudi Central Bank Btc Bank Digital Transformation
Source: yahoo.com

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Paytm shares plunge as RBI issues orders related to its banking services

Paytm Share Price Post RBI's Order on Banking Services News: Paytm, an online source of payment services, encountered a substantial setback courtesy of the Reserve Bank of India (RBI). The development unfolded on Wednesday, when the RBI took significant action against Paytm. As per details, Paytm will no longer be permitted to provide banking services beyond February 29.
Order On Banking Services News Paytm Payments Bank Paytm Payment Bank After February Banking Services News Reserve Bank

India's central bank orders Paytm's Payments Bank to stop accepting customer deposits

The Reserve Bank of India issued new strict curbs on Paytm's Payments Bank, which processes transactions for financial services giant Paytm, barring it from offering many banking services including accepting fresh deposits and credit transactions across its services. Wednesday's move, which goes into effect February 29, follows the Indian central bank ordering Paytm Payments Bank to stop accepting new customer accounts in 2022, a curb it maintains. One97 Communications, the pare...
Paytm Payments Bank Paytm Payments Services Reserve Bank Payments Bank Reserve Bank Of India Payments Bank
Source: yahoo.com

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