digital

US City Handing $12,000 To Families in No Strings Attached Guaranteed Income Project
A US city will be distributing a total of $12,000 in financial assistance to qualified residents as part of a local guaranteed basic income program. The city of Richmond in Virginia says that starting...

Central Bank of Russia Approves Non-Deliverable Crypto-Linked Derivatives, Excludes Direct Crypto Purchases for Qualified Investors
The Central Bank of Russia has authorized financial institutions to offer crypto-related products, including derivatives, securities, and digital financial assets, to qualified investors...

Amid Rule 1033 Uncertainty, Banks Urged Not to Retreat on APIs
No matter what ultimately happens with the Consumer Financial Protection Bureau’s Rule 1033 (also known as the open banking rule), pay by bank is here to stay. Matt Janiga, director of regulatory af...

Amazon and Walmart Hit the Wall as Shoppers Shift Spending
The intense rivalry between eCommerce titan Amazon and brick-and-mortar giant Walmart has long pitted the two companies against each other. Now, both retailers have a new challenge: Shoppers themselve...