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Harsher

RBI Not Planning Harsher Rules to Curb Fintech Sector After Paytm Strictures, Official Says

India's banking regulator doesn't intend to impose drastic measures on the country's fintech sector, a senior official said, weeks after it stunned investors by abruptly suspending much of the operations of Paytm Payments Bank, founded by high-flying billionaire Vijay Shekhar Sharma.There are “no harsher measures coming on fintech,” P. Vasudevan, an executive director in charge of enforcement at the Reserve Bank of India, said on Friday. The central bank would be happy to see self-regulation for the sector, but expected…

Tommy Tuberville ‘Mad’ Trump’s Anti-Immigrant Rhetoric Isn’t Harsher

Alabama Senator Tommy Tuberville expressed his disappointment on Tuesday that Donald Trump’s comments accusing migrants of “poisoning the blood of our country” weren’t even more xenophobic.  During a rally in New Hampshire on Saturday, Trump told a crowd of supporters that migrants are “poisoning the blood of our country … That’s what they’ve done. They’ve poisoned mental institutions and prisons all over the world — not just in South America, not just the three or four countries that we think about, but all over…

Russian Lawmakers Approve Harsher Rules for Foreign Tech Firms Without Offices, Personal Data Transfer

Russian lawmakers on Tuesday approved a bill providing for stricter penalties for foreign internet companies that fail to open an office in Russia, including fines. Moscow has long sought to exert greater control over technology firms, and disputes over content and data have intensified since it sent armed forces into Ukraine on February 24.Foreign social media giants with more than 500,000 daily users have been obliged since July 1, 2021, to open offices in Russia or risk penalties ranging up to outright bans.Now, the…