05/09/2023
Tide calls for tax on social media and telcos to fund fight on fraud
The levy would apply to social media and telecoms companies, where, says Tide, the majority of scams originate, as well as faster payment transactions.
Legal,Regulation,Tax & Compliance
05/09/2023
Revolut’s UK banking license decision set for summer showdown
Two years on Revolut’s still waiting for its banking license. Patience is clearly wearing thin for its co-founders.
05/09/2023
UK Tax Authority Sets Sights on Crypto Confiscation
The UK government is considering proposals that would give the tax authority powers to seize cryptoassets from tax-dodging businesses
05/05/2023
No taxation, years of complex crypto industry regulations, and other benefits of obtaining an offshore license
The main advantage of starting a crypto company is increased privacy.
05/03/2023
Hogan Lovells is engaged by the Securities Commission of The Bahamas to draft new DARE Bill 2023
Building on the DARE Act 2020, the DARE Bill aims to address legislative gaps, ambiguities, and procedural concerns within current legislation.
05/03/2023
J.P. Morgan Completes Acquisition of Aumni
The acquisition of Aumni solidifies J.P. Morgan’s commitment to building the leading private markets platform for companies, their employees and investors, as well as its confidence in the resilience of the venture-backed ecosystem.
05/02/2023
Revolut taps Koinly for automated cryptocurrency tax reports
Revolut has partnered with Koinly to integrate cryptocurrency tax report services for users.
05/02/2023
Corvallis and Finastra partner to drive digital transformation for Italian banks
Partnership will support cloud and technology adoption, sharpening the competitive edge of Italian banks that cover local and global markets
05/02/2023
Coconut set to be acquired by GoSimpleTax after UK delays Making Tax Digital to 2026
The Government’s two-year delay through Coconut’s funding round into disarray and forced a sale.
04/27/2023
Cambodia’s Finance Ministry, ABA Bank Partner on Fintech and Digital Economy Development
The MEF has previously collaborated with ABA Bank on multiple digital and fintech projects.
04/27/2023
Pan African Payment and Settlement System and African Securities Exchange Association ink MoU
For a long time, investors doing business in Africa have struggled with making and settling cross-border payments.
04/26/2023
Cybersecurity Corporate Governance: Three Essential Steps to Form a Cyber Incident Swat Team
Cybersecurity is now an essential aspect of corporate governance, business risk management, and mandated legal (regulatory) compliance
04/26/2023
Gaudi goes into administration after sale
Gaudi’s business model was to operate pension schemes for other firms (the so-called ‘white-label’ model).
04/26/2023
Ozone API arrives on Temenos Exchange
In addition, the Ozone API has a rich range of capabilities to go beyond compliance and deliver premium and value-adding APIs in order to unlock new revenue streams and drive growth.
04/26/2023
The U.K. Deals a Huge Blow to Microsoft’s $69 Billion Activision Bid
The British antitrust watchdog blocked the takeover attempt, in a decision that will be closely watched in Washington and Brussels.
04/25/2023
Merchants should be obliged to accept digital euro - ECB's Panetta
Panetta says that Europeans see the ability to pay anywhere as the most important feature of a potential digital euro.
04/25/2023
MAS Directs DBS to Assess Staff and Tech Supporting Its Digital Banking Services
The bank has focused on enhancing its access control architecture, by building in more redundancy, monitoring its key system components more closely and improving its system restoration processes.
04/25/2023
Losing data adequacy not a ‘complete disaster’, says Whittingdale
The UK government has previously described the proposed new Bill as a “common-sense-led UK version of the EU’s GDPR”
04/21/2023
EU Crypto Regulation - MiCA and TFR adopted
The remainder of the provisions under MiCA together with the TFR will apply from January 2025.
04/21/2023
Google Play Proposes Easing In-App Payment Rules for Developers After CMA Investigation
As a result, the CMA has now launched a consultation in an attempt to ascertain whether these proposals will adequately suffice and put an end to its investigation.