Experts have suggested that the fractured approach to sports betting in the United States, engendered in part by the recent upheaval over the Wire Act, could end up driving a more innovative and...
U.S. lawmakers continued calls for tighter anti-money laundering (AML) and counter-terrorist financing (CTF) oversight last week, with the House of Representatives passing a resolution to close...
Less than a week after testifying before the House Financial Services Committee, Consumer Financial Protection Bureau (CFPB) chief Kathy Kraninger was back before Congress on Tuesday, this time...
In a review of the agency before the U.S. House Financial Services Committee, new Consumer Financial Protection Bureau (CFPB) director Kathy Kraninger took the opportunity to discuss the bureau's...
On March 1, 2019, Senate Bill 213, the Blockchain Technology Act, progressed in the Utah Legislative General Council. The bill seeks to enact provisions related to blockchain technology and create...
Efforts to raise the reporting threshold requirements for U.S. cash transactions continue in Congress despite pushback from some lawmakers and regulators, setting the stage for potential clashes...
Payment providers hoping to capitalize on the United States' fledging mobile and online sports-betting market must be prepared to play an advocacy role in educating local policymakers and firms...
In a milestone Congressional hearing this week U.S. lawmakers examined the challenges faced by legal marijuana businesses in accessing financial services, and considered establishing safe harbor...
U.S. marijuana companies were expected to generate as much as $10bn in retail sales last year, a figure that is only going to increase as more states consider legalizing recreational marijuana.
There is still support to process payments in the regulated U.S. online gambling market, despite the uncertainty created by the U.S. Department of Justice’s (DOJ) revised opinion on the Wire Act,...
New Jersey Attorney General Gurbir Grewal has demanded information on last month’s Department of Justice shock decision to reverse a 2011 opinion on the application of the federal Wire Act to...
On January 23, 2019, a draft bill (SF 0125) on digital assets was introduced to the Wyoming Senate. The bill aims to classify digital assets as property within existing laws, establish an opt-in...
On February 2, 2019, the Board of Governors of the Federal Reserve System (Fed) published notices 84 FR 1731  and 84 FR 1732....
A plan by the U.S. Consumer Federal Protection Bureau (CFPB) to revamp its no-action letter program is the “boldest step yet” by federal regulators to establish a fintech sandbox that firms...
A new U.S. Department of Justice opinion on the Wire Act adds “a lot more confusion” for online gambling dealmakers and European companies eager to expand into the U.S. market, experts have said.
Payment providers serving the U.S. online gambling market face legal uncertainty after a decision by the Department of Justice to reverse a 2011 opinion on the application of the federal Wire Act.

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