Australia publishes draft laws for relaxed fintech regulation

SYDNEY (Reuters) – The Australian government published draft laws on Tuesday that would let financial technology companies operate without a full licence, a measure it said would encourage innovation without compromising existing levels of consumer protection. The draft laws would let companies test “a broad scope of activities…without the need to meet all the existing […] Read more »

Facebook to overhaul political ads after threat of U.S. regulation

SAN FRANCISCO (Reuters) – Facebook Inc (FB.O) on Thursday launched an overhaul of how it handles paid political advertisements, giving a concession to U.S. lawmakers who have threatened to regulate the world’s largest social network over secretive ads that run during election campaigns. The company also said it would turn over to congressional investigators the […] Read more »