04/01/2022
Barclays addresses potential CBDC fragmentation in new paper
Fragmentation risk was recently raised by respondents to the Bank of England’s discussion paper on new forms of digital money
Legal,Regulation,Tax & Compliance
03/30/2022
Technology services – regulatory: Regnology
The regtech/suptech provider continues to innovate, securing major new contracts with central banks and regulators
03/30/2022
Ogier advises Beijing Deep Glint Technology
Since the company launched, it has attracted investment from well-known venture capital firms such as Sequoia China, Ceyuan Ventures, and ZhenFund.
03/30/2022
Walkers Contributes Six Chapters to Chambers Fintech Practice Guide 2022
The Fintech 2022 guide covers 40 jurisdictions.
03/29/2022
United States and EU Come to Agreement in Principle for New Data Transfer Pact
In response, the EU and United States established the Privacy Shield to replace the Safe Harbor Principles.
03/28/2022
UK authorities team up to remind regulated firms about crypto standards
As the markets grow, the FPC expects that enhanced regulatory frameworks will be needed, both at a global and domestic level.
03/28/2022
Microsoft: We addressed allegations of bribes in Africa, Middle East
"We believe we've previously investigated these allegations, which are many years old, and addressed them."
03/28/2022
Sudan Central Bank Warns on Cryptocurrency Use as Economy Tanks
The Sudanese pound lost at least 15% of its value this month after the central bank allowed it to float.
03/27/2022
New UK Crypto Regulations Set to Be Announced in Coming Weeks
New stablecoin-focused crypto regulation to be revealed in the UK shortly.
03/25/2022
Europe agrees new law to curb Big Tech dominance
"The agreement ushers in a new era of tech regulation worldwide," said German MEP Andreas Schwab, who led the negotiations for the European Parliament.
03/24/2022
Letter from Sam Woods to Chief Executive Officers of banks and designated investment firms on the treatment of cryptoassets under the current frameworks
Firms should consider whether the standardised approach captures the full counterparty credit risks associated with many cryptoassets.
03/22/2022
Central banks, BIS team up on digital-currency payments
This has the potential to reduce reliance on intermediaries and, correspondingly, the costs and time taken to process cross-border transactions.
03/22/2022
Federal Finance Gestion signs Investment Accounting deal with SimCorp
SimCorp’s Investment Accounting Services was recently launched in response to a growing trend from buy-side clients for simplifying their operating model by outsourcing accounting and regulatory reporting processes.
03/21/2022
Santander compensates customers after requiring smartphones for online banking
Santander has paid customers hundreds of pounds in compensation after requiring them to use mobile phones to access their online banking.
03/21/2022
Pushing the Envelope? The CAC’s Draft Regulations on Push Notifications
The Draft Regulations bid to further tighten government control over the news followed a human trafficking controversy that erupted on Chinese social media
03/20/2022
Liability for Software under the current Product Liability Directive
Consequently, the Court ruled that the defective service could not lead to a defectiveness of its carrier product – the newspaper.
03/18/2022
BVI Commercial Court freezes assets held by unknown hackers in support of crypto tracing claim
The hacks caused loss to the applicant, in part because it compensated the affected users and projects.
03/18/2022
Two steps forward, one step back? Thai government eases tax rules for digital assets while tightening rules for custodians
The Thai Cabinet relaxed tax rules for digital asset investments on 8 March 2022 in a bid to promote Thailand’s growing crypto industry. In effect, this will provide exemptions on the 7% VAT levied on cryptocurrency trading on authorised exchanges w
03/17/2022
EU: The “Data Act” – New rules on IoT data and switching cloud services
The Data Act also proposes important changes to make it easier to switch cloud services.
03/17/2022
RiskAvert enriched with new capabilities for NPE and IRRBB ahead of final regulatory announcement
This newly launched version of IRRBB is introduced well ahead of the final regulatory technical standard