People using unregistered cryptocurrency ATMs risk handing their money to criminals, a financial regulator has warned. In a joint effort with law enforcement agencies, the Financial Conduct Authority (FCA) has disrupted 26 crypto ATMs, operating unlawfully across the country. Users can buy and sell cryptocurrency in exchange for cash or with a debit card when…
‘Fast Path to Extreme Financial Hardship’: Consumer Groups Call for Buy Now, Pay Later Regulation
March 16, 2022
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A group of international consumer groups across 10 countries, including Australia, New Zealand, and the United States, are calling for the urgent regulation of the Buy Now, Pay Later (BNPL) sector. Australian consumer advocacy group CHOICE said new data showed that many Australians were struggling with debt from BNPL. “We are calling for governments across…
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