12/04/2023
Digital asset manager receives Finma license
The company continues that the approval process was time-consuming and was carried out on its own initiative.
Legal,Regulation,Tax & Compliance
11/30/2023
Ronaldo hit with class action suit over Binance promotion
Ronaldo knew or should have known about the unregistered crypto securities, as he has “investment experience and vast resources to obtain outside advisers,” say the claimants.
11/29/2023
Symphony and Google launch AI-based JV for phone calls
Generative AI has the potential to transform the trading landscape from automating routine tasks to identifying potential misconduct through anomalies in data,
11/27/2023
Klarna gets FCA approval to continue UK payment and credit services
Since Brexit, Klarna has been operating under temporary regulations
11/27/2023
OCC's former Chief Fintech Officer had CV full of falsehoods - report
By the summer, Bhardwaj appears to have already left the $300,000 -a-year job, with OCC veteran Miriam Bazan leading the newly created office.
11/27/2023
Crypto Calamity? Industry Reacts as Binance CEO Pleads Guilty to Charges and SEC Sues Kraken
This news also does not signify the first time the SEC has taken significant action against Kraken
11/27/2023
Online Safety Act super-complaints process must not overwhelm Ofcom
The government is seeking views from interested parties about which organisations should be able to make super-complaints, the process and format for super-complaints, and how Ofcom should respond to each complaint.
11/24/2023
UK funds given green light for tokenisation
The funds must meet certain conditions to be eligible for tokenisation.
11/24/2023
UK regulators give green light to fund tokenisation
The UK government’s asset management task force has published a blueprint for the implementation of tokenisation for FCA-authorised funds.
11/24/2023
EU considers widening scope of cybersecurity regulation
The draft includes obligations for cloud operations at four security levels
11/24/2023
Embedded Finance Europe applies for EMI licence in France
The updated Directive follows the rapid growth of electronic payments in the EU, which was accelerated by COVID-19 pandemic
11/23/2023
ZA Bank secures approval for US stock trading launch
The Bank plans to roll out U.S. stock trading services in due course upon completion of the pilot trial.
11/22/2023
Bittrex Global to fold
At the time, Mr Burt said the company had six full-time Bermudian staff on-island.
11/22/2023
Binance to pay billions in US in money laundering case, CEO resigns
Zhao pleaded guilty to failing to maintain an effective anti-money laundering program
11/22/2023
Network International Joins Forces With Visa to Introduce Instalments Solution to UAE Merchants
This strategic partnership comes at a time when consumers are increasingly seeking out instalment payment options that align with their financial needs and preferences.
11/21/2023
Mastercard and Feedzai unite to fight crypto fraud with AI
Fraud and crypto have long been intertwined.
11/16/2023
Singapore develops generative AI risk framework
A platform-agnostic GenAI reference architecture was also developed, providing a list of the building blocks and components that organisations can use to create robust enterprise-level technology capabilities.
11/15/2023
Navigating the complexities of RegTech: Essential steps for compliance success
Defining corporate entities is a holistic exercise akin to creating a detailed map of your organization
11/15/2023
MAS kickstarts new round of asset tokenization pilots
Singapore's central bank is additionally opening a new Project Guardian funds workstream focused on the native issuance of Variable Capital Company (VCC) funds on digital asset networks.
11/15/2023
Commerzbank granted crypto custody licence
The initiative recognises the de-thawing of banking interest in the market following the recent 'crypto-winter'.