11/03/2023
Musk and Sunak talk AI regulation at the UK’s AI Safety Summit
Sunak noted the growing anxiety that the public feels around AI taking over jobs, and Musk agreed that regulation needs to be heavy-handed to keep the industry in check.
Legal,Regulation,Tax & Compliance
11/02/2023
Remittance app Sendwave hit with CFPB penalty
The firm also told consumers that remittances from the US to Nigeria would incur “no fees” when in fact fees were charged.
10/31/2023
Tokenisation: The blockchain revolution for funds
Although this is a developing area, many billions of assets under management have already been tokenised.
10/30/2023
Why Is Bitcoin's Price Surging?
April 2024 is projected to be a significant month for bitcoin due to its scheduled 'halving'—a pre-coded 50% reduction in the mining reward
10/30/2023
Thought Machine cutting jobs seven months after hiring spree
Thought Machine cutting jobs seven months after hiring spree
10/25/2023
Dutch court blocks national bank’s levies for crypto service providers
The case centred on levies raised in 2021
10/24/2023
Time for central bank digital currencies to prove their worth
Supporters say CBDCs will modernise payments with new functionality and provide an alternative to physical cash, which seems in terminal decline.
10/23/2023
Mobile Wallets: AT Announces It Will Tax Operations and Monitor Transactions
Among the tax measures are a reduction in the Value Added Tax (VAT) rate from 17 per cent to 16 per cent
10/23/2023
FCA warns firms as new cryptoassets financial promotion regime comes into force
The FCA said it expects firms to consider how risk summaries and appropriateness assessments should be tailored to the specific cryptoassets being promoted.
10/20/2023
US Treasury proposes crypto mixer-crackdown to end anonymous transactions
In the last year the US sanctioned crypto mixers Tornado Clash and Blender for allegedly supporting North Korean hacking organisation Lazarus Group.
10/19/2023
Jack Henry unveils cloud-native fraud and AML solution
The platform is built on the public cloud, allowing for real-time data, more accurate reporting, open integrations, speed, and agility.
10/18/2023
Fed governor Bowman sceptical on digital dollar
Despite her scepticism, Bowman said that she sees value in continuing to research CBDCs, noting the "interconnected and global nature of the financial system".
10/17/2023
Raymond James Selects J.P. Morgan Asset Management's 55ip to Enhance its Managed Accounts Platform with Integrated Tax Management Technology
55ip delivers custom, tax-smart investing at scale.
10/17/2023
Singapore Crypto Bourses Work With UK Investigators
According to Benton, this unique NFT cuts down the duration to freeze assets.
10/16/2023
Mena Fintech Association establishes Digital Assets Working Group
Founded in 2018, the MENA Fintech Association has earned recognition as one of the top 4 fintech bodies globally.
10/13/2023
Australia moves to give RBA oversight of Apple Pay
The draft legislation is now open to public consultation and is expected to be introduced to parliament later in the year.
10/12/2023
Can ChatGPT answer my employment questions?
To give it some credit, the bot did tell me with each answer it gave that I should seek guidance from legal experts who could advise on my individual situation.
10/12/2023
FCA fines and bans former Barclays CEO James Staley
The letter from Barclays to the FCA also claimed Mr Staley ceased contact with Mr Epstein well before he joined Barclays.
10/11/2023
France’s ‘Cyberscore’ law impacts online platforms
The draft order sets out the criteria, presentation methods, and rating system applicable to services for calculating the Cyberscore.
10/11/2023
Cooley #1 in League Tables for Artificial Intelligence Transactions
Firm ranks first overall in venture capital and M&A by deal value, deal volume