The 1st US framework on crypto regulation; & more!

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NEWS HIGHLIGHT

The 1st US framework on crypto regulation. The measures proposed to eliminate illegal crypto activity in the industry appear to be serious. The framework also points to the potential for “significant benefits” from a U.S. central bank digital currency, or CBDC. Link here.

FINTECH NEWS

#FinancialLiteracy

• Kendrick Lamar teams up w/ Cash App & Ray Dalio to give a quick financial literacy lesson. The ad comes from pgLang, the multilingual creative collective founded by Kendrick Lamar and Dave Free. Link here.

#Insights

• BNPL market trends and consumer impacts. The industry mix of BNPL usage is diversifying. Apparel and beauty merchants, who had combined to account for 80.1 percent of originations in 2019, only accounted for 58.6 percent in 2021. Link here


• Argentine inflation jumped to 80% YoY. This puts the country second only to Venezuela in Latam in terms of high inflation, with prices rising almost 8% during August. Link here