07/11/2022
Why central banks need to engage the private sector on CBDCs
They have the technological expertise to help design, build, and manage a new digital currency, whether in partnership with the central bank or on an outsourced basis.
Legal,Regulation,Tax & Compliance
07/11/2022
FSB stresses need for regulation of crypto-assets
Crypto-assets and markets may perform an equivalent economic function to one performed by instruments and intermediaries of the traditional financial sector.
07/08/2022
More trouble for Flutterwave after Kenyan Court freezes fintech’s bank accounts
The ARA believes that the accounts may have been used as conduits for money laundering in the guise of providing merchant services.
07/07/2022
Lack of crypto tax understanding a ‘concern’ for HMRC
The explosion of interest in this space could lead to many young people’s first real interactions with HMRC being an investigation into their affairs for unpaid tax in the future.
07/06/2022
SIX Digital Exchange’s Web3 Unit Partners With Fireblocks
The platform integration will consist of the highest institutional-grade standards and remains in line with SIX Group’s standards in the market.
07/06/2022
Iress to scrap Adviser Office from next year
“Our new Xplan packages provide increased choice and ease for advisers, with functionality like client portal, digital signatures and automated workflows available out of the box.”
07/04/2022
Russian Media Censor Roskomnadzor Blocks Major Crypto News Website
The local prosecutor motivated his plea with the need to “protect an indefinite circle of persons.” Seven websites were restricted, but the ruling was overturned later that year.
07/04/2022
Australia Post ‘disruptor’ Sendle, Airtasker lead in tech jobs losses
Co-founder and chief executive of Sendle James Chin Moody told The Australian Financial Review it had cut back on staff about a month ago, while also raising additional capital from existing investors to give it “sufficient runway” for the for
07/01/2022
EU MEPs agree new crypto rules
This rule requires that information on the source of the asset and its beneficiary travels with the transaction and is stored on both sides of the transfer.
07/01/2022
Blockchain.com Cooperating With Investigations Into Three Arrows
The court made the liquidation order on Monday and has appointed two partners at consulting and advisory firm Teneo to handle the process, a person familiar with the matter has told Bloomberg News.
06/30/2022
Grayscale Sues SEC Over Rejection of Proposed Spot Bitcoin ETF
The SEC is acting “arbitrarily and capriciously” in its treatment of similar investment vehicles, Grayscale’s senior legal strategist said
06/30/2022
Change Is Constant* and There’s a Lot of Regulatory Change Happening in The UK – Impacting Fintechs and Crypto Asset Companies.
AISPs are regulated firms that aggregate customers’ different payment accounts in one place for easy viewing; they do not process transactions.
06/28/2022
The FX fintech has now secured FCA and NBB licences.
The company’s key point of differentiation from its competitors is its fixed fee of £3 for any transfer of up to £1m.
06/28/2022
The Bank of London and SAP Fioneer join forces to disrupt global clearing and transaction banking
The Bank of London is the UK's second clearing bank authorised in the last 250 years.
06/27/2022
Singapore regulator praises leaders of crypto firms like Binance
The total market value of cryptocurrencies, which topped US$3 trillion (about RM13.21 trillion) in November, has dropped to US$991 billion, according to data from CoinGecko.
06/24/2022
Saudi Arabia aims to increase digital transactions to 70% by 2025
The strategy seeks to increase the number of FinTech companies operating in Saudi Arabia from 82 to 230 by 2025
06/24/2022
European Banking Authority Asks for PSD2 Review
The EBA has observed that, while some objectives of the PSD2 have started to materialise, there are still many issues and challenges that need to be addressed.
06/23/2022
CJEU AG Sets High Bar for Responses to Data Subject Access Requests
The Advocate General argues that organisations should provide individuals with information on the specific recipients of their personal data.
06/22/2022
BIS compares projects to transfer central bank digital currencies across borders
The international bank found high technical feasibility among the projects, but significant work on legal and governance frameworks still remains to be done.
06/22/2022
Accounting platform Autobooks bags $50m in Series C round
Among its partners are established software vendors such as Alkami, Bottomline and FIS.