06/06/2023
SEC files 13 charges against Binance and Changpeng Zhao
Binance was to create 40 Bermuda jobs, at least 30 of them Bermudian and spend up to $10 million on training for Bermudians in blockchain technology development.
Legal,Regulation,Tax & Compliance
06/06/2023
SEC sues Binance and CEO Changpeng Zhao
Further, the SEC alleges that, while Zhao and Binance publicly claimed that the company's US exchange was created as a separate, independent trading platform for US investors, they secretly controlled Binance.US operations behind the scenes.
06/05/2023
The Philippines wins bank note of the year
Despite its international acclaim, the note has proved controversial in the Philippines
06/01/2023
HSBC partners Quantinuum for quantum computing research
The partners will investigate the use of quantum computing-hardened cryptographic keys, including uniquely combining them with post-quantum cryptographic algorithms.
06/01/2023
Standard Life partners with Moneyhub for open finance launch
Standard Life and Moneyhub’s partnership to integrate open finance functionality across its app and dashboard will affect 1.5 million workplace pension scheme members.
05/31/2023
SEC hits former Wells Fargo community bank lead with $3 million fine over cross-selling scandal
The complaint alleges that Tolstedt made misleading public statements to investors at Wells Fargo’s investor conferences in 2014 and 2016
05/31/2023
Gmex and Tokenovate execute smart contract for VCC derivatives trades
VCCs are a crucial element in achieving global net zero and energy transition goals by 2030
05/30/2023
LatAm fintechs propose joint open finance regulation
Open Finance establishes rules for exchanging financial information among fintechs, banks, and other financial market participants.
05/30/2023
Suptech Experts Explain Importance of Incorporating AI and ML to Improve Regulatory Oversight
Ensuring compliance and identifying bad actors has become much harder in the last decade.
05/30/2023
Digital Markets, Competition and Consumers Bill: UK tech sector competition rules
The CMA will have powers to formulate behavioural rules, known as conduct requirements
05/29/2023
Brace for impact: the market could explode if China lifts its Crypto ban
This first ban was aimed at slowing down Bitcoin trading
05/26/2023
Swedish fintech Qred lands full banking licence
Becoming a bank is a part of the plan shaped together with Nordic Capital.
05/26/2023
Outsourcing contracts must adapt amid new digital transformation
For these complex and ongoing digital transformation programmes, contracts now have to provide savings and tangible benefits while taking continually changing circumstances into account.
05/25/2023
Office of Data Protection Authority marks 5 years since introduction of landmark legislation
It has been a huge privilege for me to be Commissioner for the Bailiwick during this important chapter in our history
05/25/2023
Business strategies adapt to the GDPR and its effect on technological change
This, they said, occasionally leads to the lack of investment in the necessary resources to adapt to the GDPR regulatory reality. Despite this, they see scope for things to change.
05/23/2023
Record GDPR fine and order issued over data transfers
This decision is flawed, unjustified and sets a dangerous precedent for the countless other companies transferring data between the EU and US.
05/23/2023
Venmo debuts Teen Accounts
The Venmo Teen Account is rolling out to select customers from June 2023
05/23/2023
FCA plans to align rules for fund managers and investment managers pose material threat says Pimfa
The extension of fund rules to managed portfolio services would, in almost all cases, be entirely inappropriate.
05/23/2023
AI – the new workstream in M&A deals
AI will raise new issues in relation to warranty and indemnity protection.
05/22/2023
Facebook to be fined £648m for mishandling user information
Decision by Ireland’s privacy regulator will set record for breach of EU’s data protection rules