08/30/2022
Singapore to tighten retail crypto trading rules
However, Menon has ruled out a ban on retail trading, conceding that such a move would not work in a borderless world.
Legal,Regulation,Tax & Compliance
08/30/2022
South Africa: Regulatory and deal developments in South African fintech
This group has engaged in public-private participatory discussions and the production of position papers to settle on the policies to advise the drafting of regulations.
08/26/2022
FTC ANPR Explores Wide Ranging Topics for Privacy and Cybersecurity Rulemaking
Commissioner Slaughter highlighted her interest in data minimization efforts and purpose of use specifications; civil rights violations and the impacts on vulnerable and marginalized populations from discriminatory algorithms; and children’s privacy
08/26/2022
Block faces lawsuit over Cash App breach
For some customers, brokerage portfolio value, brokerage portfolio holdings and/or stock trading activity for one trading day were also downloaded.
08/25/2022
UK regtech, AutoRek hiring a further 30 positions to meet rising need for automation
With a team growth of 40 people this year, the drive continues for 30 more positions across the U.K.
08/25/2022
India lifts ban on AmEx issuing new cards
The RBI lifted a similar ban on Mastercard in June.
08/25/2022
Class Action lawsuit claims Coinbase failed to protect customers from fraud
The suit allege that the company was indifferent to consumers’ losses.
08/23/2022
Six’s regulator says biotech broke reporting rules and proposes sanctions
The company allegedly violated the regulations in the financial reporting of 2019 and 2020.
08/22/2022
Anne Boden: Starling’s return on equity will be 30%
The ambitious target comes off the back of a year in which the company has recorded its first annual profit.
08/22/2022
Use of technology in arbitration and court proceedings in Hong Kong
There are also increased demands in the industry for the use of technology in court proceedings, and accordingly, innovative measures have been introduced in the Hong Kong Special Administrative Region.
08/22/2022
GB Bank receives full banking licence, set to lend £3bn over five years
The Teesside Pension Fund (TPF) has agreed to invest up to £48 million to support the bank’s growth plans.
08/22/2022
Crypto is More in Step With Asia’s Equities, Highlighting Need for Regulation
Crypto trading volume, and co-movement with equity markets, has surged in the region.
08/19/2022
EU braced for legal challenges to rules designed to tackle Big Tech
Some of the new obligations in the DMA include a ban on companies listing their products on their internet platforms ahead of rivals and a promotion of data sharing with smaller competitors.
08/18/2022
GB Bank secures UK banking license
The banking licence allows Middlesbrough-headquartered GB Bank to start driving its ambitious plans forward.
08/18/2022
UOB and Doxa team up to digitise trade financing and procurement
This will unify the financial ecosystem and we are excited to be part of this journey.
08/17/2022
CellPoint Digital takes on the subscription market with Rebar Technology
IBS Intelligence reported that CellPoint Digital, a global leader in payment orchestration, announced a strategic partnership to expand its successful relationship with Continuum Commerce, which provides multi-currency and FX services.
08/17/2022
Synapse Announces Partnership with Lineage Bank
Agreement aligns with Synapse’s commitment to deliver total solutions for fintech companies as part of its multi-bank partnership strategy – and extends Lineage Bank’s opportunities to rapidly expand and serve more fintech customers with
08/12/2022
Carey Olsen advises Argentinian fintech Geopagos on US$35m funding round
The Carey Olsen team advising Geopagos on the Cayman Islands law aspects of its fundraising
08/11/2022
Progress on Digital Asset Rules and Regulations Lagging
With Congress bogged down, it may be some time before bills that will directly impact the charitable sector begin moving again.
08/11/2022
Thread Bank teams up with BaaS player Unit
Together Unit and Thread Bank are well-positioned to offer customers seamless banking experiences by combining best-in-class finance and technology capabilities.