Remove Credit Union Remove Cybersecurity Remove Error Resolution
article thumbnail

California Adopts Digital Financial Assets Law

Global Fintech & Digital Assets

Endnotes [1] Defined as “a digital representation of value that is used as a medium of exchange, unit of account, or store of value, and that is not legal tender, whether or not denominated in legal tender, except as specified.” [2] 6] 23 NYCRR Part 200.

Laws 52
article thumbnail

An Overview of Payment Regulation In The USA

Clearly Payments

Additionally, payment regulation mandates stringent security measures, data protection standards, and adherence to anti-money laundering (AML) regulations to thwart fraud, cybersecurity breaches, and illicit financial activities. They establish rules, standards, and fees for participating financial institutions and merchants.