07/14/2023
Unpacking Amazon’s legal challenge to its Digital Services Act designation
Online platforms were obliged to self-assess whether they fell within the scope of the VLOP or VLOSE provisions
Legal,Regulation,Tax & Compliance
07/14/2023
Ripple scores partial win in SEC lawsuit
The SEC filed suit against Ripple, Garlinghouse and co-founder Christian Larsen in 2020, alleging that they "raised over $1.3 billion through an unregistered, ongoing digital asset securities offering".
07/13/2023
Embedded lending: Defacto closes €167m securitisation
Citi and Viola Credit are Defacto’s deal partners for the new securitisation fund.
07/11/2023
In-house legal teams must get fit now for generative AI age
Most businesses acknowledge the technology’s potential, but few have managed to really embrace its everyday use in operations.
07/11/2023
Bailey calls for 'public debate' on digital pound introduction
A 'major step'
07/10/2023
Finmo Eyes Singapore Launch With In-Principle Approval for Payment License
This will grant Singapore businesses access to Finmo’s comprehensive suite of global payments services, including its current product and service offerings across Asia Pacific.
07/06/2023
PSR seeks views on recent changes to fees charged by card schemes
It outlines recent changes to these fees
07/05/2023
MAS Doubles Down on Investor Protection With New DPT Requirements
MAS will proceed with the proposal to restrict DPT service providers from facilitating lending or staking of their retail customers’ DPTs.
07/05/2023
Carey Olsen supports digital asset trading firm Elwood with groundbreaking investment business licence
The Carey Olsen team advising was led by partner and Jersey head of digital assets Chris Griffin
07/04/2023
Paradise Mobile signs MOU with AALTO HAPS
AALTO’s Zephyr is described as the most persistent ‘high altitude platform station’ on the planet.
07/04/2023
Thai SEC Issues New Rules for Crypto Firms, Bans Lending Services
These new rules will come into effect on 31 July 2023.
07/04/2023
Inpay secures EMI licence
The new licence will enable the company to issue electronic money, facilitate digital payments and money disbursements, among other payment services and is a landmark for the business.
07/03/2023
Behind Singapore’s Experiment with a Digital Version of SGD
The paper provides a technical overview of the concept of PBM, defining it as “a protocol that specifies the conditions upon which an underlying digital money can be used.
06/30/2023
The EU and UK go head to head on fintech regulation
It’s been a busy week for new financial services rules from both the UK and EU, but also a thawing of relations.
06/29/2023
TISE & Shieldpay announce strategic partnership to transform private market transactions
Through this partnership, more businesses will have the opportunity to benefit from the efficiency and cost-effectiveness the integrated platform offers
06/29/2023
‘Weight of Compliance’ Hits Financial Firms With Two-Thirds Concerned about Committing an AML Breach
SmartSearch warned that sophisticated criminals can easily forge official documents
06/29/2023
Lithuania publishes national fintech guidelines
Each of the five objectives will have their own KPIs.
06/29/2023
MAS Proposes Code of Conduct on ESG Ratings and Data Products
As the integration of sustainability-related risks and opportunities into capital allocation decisions become increasingly mainstream, the use of ESG ratings and data products for investing and capital allocation has grown.
06/28/2023
Pleo harnesses Yapily’s open banking to adopt VRPs
The two fintechs first partnered back in September to help enable frictionless user journeys for businesses.
06/28/2023
EU reaches political agreement on crypto capital rules
The negotiations, chaired by Swedish finance minister Elisabeth Svantesson, centred on concerns about unbacked crypto assets entering the financial system and the need for more stringent capital adequacy rules.