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Big Tech: However, Krisztian Katona, CCIA's head of regulatory policy, said in a statement seen by Reuters the proposal risked doing more harm than good "as broad, overly burdensome or heavy-handed digital regulation could significantly hinder new startups in this industry."
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The warnings from the Computer & Communications Industry Association (CCIA) -- whose members also include Amazon, Facebook parent Meta and X, formerly known as Twitter -- responded to November's proposal by the U.S. Consumer Financial Protection Bureau (CFPB), which said tech giants' smartphone payments and wallets services rivaled traditional payment methods but lacked the same consumer safeguards. The CFPB proposal, which has yet to be finalized, would subject such companies to the same kind of supervision currently imposed on banks, with agency examiners inspecting complianc...
In the midst of MobiKwik's grand plan to enter the public markets and raise a substantial INR 700 Crores, an unexpected legal squall has emerged.
Eight thieves arrested by Capital Police, including a 16-year-old boy, for stealing phones and accessing PINs to fraudulently withdraw money from peop