Licenses news and trends

Twitter Faces Legal Battle Over Copyright Infringement
Legal // June 14, 2023

The National Music Publishers’ Association has filed a lawsuit against Twitter, alleging that the platform has been using copyrighted music without permission. NMPA President David Israelite said in a statement Wednesday (June 14) that Twitter “stands alone as the largest social media platform that has...

France To Outlaw Huawei 5G Equipment Within 8 Years
Mobile // July 22, 2020

France is kicking Huawei to the curb. The Chinese technology company, one of the early entrants into the 5G era with a $600 million investment in the latest standard for cellular networks, will be out of business in France in eight years.  French authorities have informed telecom operators...

HSBC Says China Should Loosen Regs For Global FIs
Regulation // October 27, 2019

HSBC executive Peter Wong is calling for China to relax regulations so that foreign banks can have an easier time obtaining licenses and raising deposits in the country. Wong, the deputy chairman and chief executive of HSBC’s Asia Pacific operations, added that China also needs...

NY Federal Court Rules OCC Cannot Grant Charters To FinTech Firms
Bank Regulation // October 23, 2019

New York’s federal district court ruled that the U.S. Office of the Comptroller of the Currency (OCC) does not have the power to grant national charters to financial technology (FinTech) companies, The Wall Street Journal reported on Tuesday (Oct. 22). The decision is a victory...

Quick Reads
Musk: X Close to Landing NY and CA Payment Licenses

March 07, 2024
Elon Musk says X could soon receive money transmitter licenses from New York and California. The license from California could come in the next month or so, while New York’s approval may be “a few months away,” said Musk, whose comments Wednesday (March 6) at the Morgan Stanley technology, media and telecom conference were reported by Reuters. […]

Twitter Faces Legal Battle Over Copyright Infringement

June 14, 2023
The National Music Publishers’ Association has filed a lawsuit against Twitter, alleging that the platform has been using copyrighted music without permission. NMPA President David Israelite said in a statement...

France To Outlaw Huawei 5G Equipment Within 8 Years

July 22, 2020
France is kicking Huawei to the curb. The Chinese technology company, one of the early entrants into the 5G era with a $600 million investment in the latest standard for cellular networks, will...

HSBC Says China Should Loosen Regs For Global FIs

October 27, 2019
HSBC executive Peter Wong is calling for China to relax regulations so that foreign banks can have an easier time obtaining licenses and raising deposits in the country. Wong, the...