Managers of Wealth Fintech

New York sues Celsius founder Mashinsky

In addition, the suit says, as Celsius lost hundreds of millions of dollars of assets in risky investments, Mashinsky misrepresented and concealed his firm's deteriorating financial condition.

Finland's Coinmotion achieves crypto registration in Spain

This means that Coinmotion reinforces its presence in the Spanish market and becomes one of the leading cryptocurrency platforms nationwide

Coinbase promises improvement in the fight against money laundering

The agency noted that Coinbase had treated customer onboarding requirements as “just ticking” and had failed to conduct sufficient background checks.

US regulators warn banks of crypto exposure risks

Lawmakers highlight risks from fraud and scams, high volatility, legal uncertainties and inaccurate or misleading representations and disclosures by crypto-asset companies.

FTX Founder Expected to Plead Not Guilty

The fallen crypto exchange’s former chief executive faces two wire fraud charges and six conspiracy charges, including money laundering and compliance finance violations, which total a maximum of 115 years of imprisonment, if convicted.

CSRC Bans Platforms from Soliciting New Mainland Clients

CSRC’s statement was made one day after New York-listed Futu announced that it would delay its listing plans in Hong Kong

Termination of the Merger of Block.one Crypto Exchange with a SPAC

Block. Bullish, a cryptocurrency exchange, won’t be going public after all.

New bank 'esh' modernizes banking with advanced tech platform

The Bank of Israel granted the license to establish, manage and control a new Israeli bank to the founders of esh.

Goldman Sachs deepens banking partnership with Apple

It is also handling some of the back-end services for Apple’s buy now, pay later offering, although as PYMNTS reported in June, Apple will handle the lending for the service on its own rather than using a banking partner.

Leading UK fintechs call for “urgent” clarity on open banking’s future

Monzo, Wise, Moneyhub and more than a dozen other fintechs have written to the FCA and PSR to complain about the progress so far.

Bankman-Fried left in the lurch as former executives plead guilty

In doing so, Bankman-Fried and Ellison caused the valuation of Alameda’s FTT holdings to be inflated

Hidden Road secures digital asset firm registration from the UK's FCA

Currently, only 41 firms have been registered as digital asset firms by the FCA.

TSB fined £49m over IT system meltdown

It led to the departure of the bank's then chief executive Paul Pester.

Digital euro to get thumbs up or thumbs down in 2023

The central bank says it will assess a further number of design and distributions options before presenting a full report to the Governing Council later next year.

Fintechs call for clarity over open banking reforms

The fintech coalition is concerned that “we have not received clear direction from the Joint Regulatory Oversight Committee (JROC) about how the 2017 CMA Order will continue to be enforced after the Open Banking Implementation Entity is dissolved.&a

Coinbase secures regulatory approval and welcomes new country director in Ireland

In addition, Coinbase’s Ireland operations will now be under the steady hand of Cormac Dinan, their new Country Director.

Cryptoassets Exposure: Bank Governors Approve Rules For Banks

Unbacked cryptoassets and stablecoins with ineffective stabilisation mechanisms will also be subject to a conservative prudential treatment.

Is Australia Clamping Down on Crypto Firms?

As such, Finder Wallet should have acquired the relevant licenses before offering the service.

SS&C signs agreement with Mine Super to deliver administration services to members

Mine Super outsources administration to SS&C

Australia Outlines Plans to Modernise Its Financial System

Prime Minister Anthony Albanese‘s government is also taking action to improve the regulation of crypto service providers.

Legal,Regulation,Tax & Compliance