01/17/2025
Ireland proposes legislative changes to tackle scam epidemic
A third committment includes examining the feasibility off implementing an SMS scam filter which blocks harmful links or content.
Legal,Regulation,Tax & Compliance
01/17/2025
The EBA and ESMA analyse recent developments in crypto-assets
EBA and ESMA find that DeFi remains a niche phenomenon, with value locked in DeFi protocols representing 4% of all crypto-asset market value at the global level.
01/17/2025
American Express pays $230 million for alleged deceptive sales
The Department of Justice also accused American Express for using false employer identification numbers
01/15/2025
New Regulatory Framework for Virtual Asset Custodians and Trading Platforms in the Cayman Islands
The Rule and SoG set out more prescriptive governance and conduct of business requirements for VASP licencees.
01/15/2025
Guernsey businesses to register with Data Protection Authority before end of February
Being able to demonstrate this independence played a critical role in the Bailiwick renewing its ‘adequacy’ status with the European Commission.
01/14/2025
Shift4 Payments and SEC reach disclosure violation settlement
The SEC has found Shift4 violated reporting and proxy solicitation provisions of the Securities Exchange Act of 1934.
01/14/2025
FSB examines the relevance of climate transition plans for financial stability
Broader adoption of transition plans and continued efforts towards standardisation, including by international organisations and standard-setters, are key to making transition plans usable by financial authorities.
01/14/2025
BIS Innovation Hub sets out 2025 work programme
BIS Innovation Hub projects are experimental in nature, for the purpose of investigating technological and practical feasibility.
01/14/2025
Insurers’ cyber resilience under PRA spotlight in 2025
The regulator has decided to postpone its previously announced dynamic general insurance stress test
01/13/2025
CFPB takes aim at digital payment privacy and consumer protections
The watchdog has put out a request for public input into how it can strengthen protections for users of digital payments that do not go through banks and credit unions.
01/10/2025
Digital Rupiah Inches Closer with Successful Completion of PoC
The PoC represents the Immediate State phase of Project Garuda
01/10/2025
Skyee Receives In-Principle Approval (IPA) for Major Payment Institution License (MPI) from the Monetary Authority of Singapore (MAS)
Skyee is a wholly owned subsidiary of Skyee Group a Chinese leading cross border payment solution provider in China, Europe, North America and North Asia.
01/09/2025
JPMorgan files suits over Viva Wallet dispute
JPMorgan Chase has filed new lawsuits in the UK and Greece connected to its investment in fintech Viva Wallet.
01/08/2025
Singapore Passes Scams Bill to Restrict Bank Accounts of Potential Victims
Critics have raised concerns about balancing financial autonomy with protection.
01/07/2025
Virtual asset service providers and the Travel Rule
The Travel Rule aims to enhance transparency and mitigate illicit activities such as money laundering and terrorist financing within the cryptocurrency ecosystem.
01/07/2025
Cambodia Introduces New Regulations on Cryptoasset Use, Licensing
The regulation aims to manage the growing use of cryptoassets while safeguarding the financial system from associated risks.
01/06/2025
Rakkar Secures License for Digital Asset Custody in Thailand
The company is currently preparing to activate the license and begin operations in the country.
01/03/2025
Thomson Reuters acquires tax and accounting automation software firm SafeSend for $600m
Announcing the deal, Thomson Reuters says SafeSend’s tech is currently being used by “70% of the country’s top 500 firms”.
01/02/2025
Dave faces US lawsuit
The action also alleges that Dave engaged in hidden fees, misuse of customer tips and inadequate cancellation processes for recurring charges.
12/31/2024
Drama-prone fintechs face mixed regulatory environment in 2025
In Europe, by contrast, policymakers continue to take a cautious approach to the industry.