Some US banks are blaming federal AML rules in holding up loans; many have gone out with messaging that they...
The bill is aimed at cracking down on illegal activity around cryptocurrencies and also reduce operational risk for fintech companies; the central bank will be responsible for the new regulations if they are signed into law; the proposed law also encourages open banking through APIs although other details are not known until the secondary laws are unveiled by regulators; Mexico is currently a fast growing market for fintech according to recent data from Deloitte. Source
This Seeking Alpha article looks at publicly traded Chinese fintech companies; there are more than one dozen Chinese fintech companies...
In a Forbes column, the CEO and Co-Founder of Finix, talks about the need for regulators to create new rules...