05/17/2023
Regulate crypto as gambling says UK Treasury Committee
The Committee's conclusion have been strongly rejected by industry association CryptoUK.
Legal,Regulation,Tax & Compliance
05/15/2023
Collaboration is needed for central bank digital currencies (CBDC)
While the rise of CBDCs has been focused on how digital versions of existing central bank money can achieve domestic policy goals, many haven’t considered their cross-border potential.
05/15/2023
Zug fintech launches unlisted unicorn index fund with Morningstar
The index includes aerospace firm SpaceX, banking startup Revolut and payments company Stripe.
05/11/2023
MAS lifts DBS capital requirement following wave of outages
MAS has also required DBS Bank to take immediate steps to improve the resiliency and recoverability of its existing system
05/10/2023
Luxoft and Finastra extend partnership to deliver turnkey managed services to banks in EMEA
Partnership provides Finastra's Kondor customers with access to cloud-based services for increased agility and lower total cost of ownership
05/09/2023
SEC ordered to speak up on cryptocurrency regulation
The crypto exchange referred to a 2022 petition asking for formal rule making within the digital assets sector, to which the SEC is yet to respond.
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.
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.