CME's Duffy warns an overlooked tax risk looms over U.S. perpetual futures
CME CEO Terry Duffy warned that a pending court battle could determine whether perpetual futures are classified as swaps or futures, potentially affecting IRS taxation of these contracts. Independent legal experts agree the regulatory classification issue remains unsettled and unresolved.
Read full story →FCA Shares Update on Stablecoin Sprint
The FCA completed a Stablecoin Sprint initiative involving 75 participants from traditional finance and fintech companies to study digital currency markets. The update addressed stablecoins used for payments and transfers within the UK regulatory framework.
Western Union Pursues AI Savings as Falling Migration Hits Revenue
Western Union is increasing investment in digital and artificial intelligence technologies to offset revenue declines caused by reduced migration patterns. The company missed expected improvements in its Americas retail business during the second quarter and delayed its Intermex acquisition, postponing anticipated cost synergies.
Okta Inks Permiso Purchase to Expand Identity Threat Defense
Okta is acquiring Permiso Security to integrate identity threat detection and response capabilities into its platform. The deal will add Permiso's identity risk signals, behavioral analytics, and threat detections to Okta's existing identity management system.