10/29/2021
FBI raids Chinese POS terminal maker PAX Technology
The terminals appear to have been used as a "malware dropper" and as "command-and-control" centres for carrying out attacks.
Legal,Regulation,Tax & Compliance
10/28/2021
Justice Department probes Visa's relationships with fintech companies - WSJ
The company said earlier in March the Justice Department was looking at its debit practices after reports that the United States was investigating whether Visa uses anti-competitive practices in the debit-card market.
10/28/2021
European Central Bank announces digital euro advisory group members
The group consists of 30 high-ranking financial professionals from organizations, including BBVA, CRIF and Stripe, among others.
10/26/2021
US Treasury guidance sets out sanctions compliance duties for virtual currency industry
The sanctions compliance guidance (28 page / 2.13MB PDF) reminds the industry that compliance obligations apply equally to transactions involving virtual currencies and those involving fiat currency.
10/22/2021
Cryptoasset investment fraud: inside the investigation
Cases are on the rise and the value of misappropriated assets increasing.
10/22/2021
Dutch regulatory authorities strengthen cooperation over regulation of digital activities
The AP also announced that the four authorities will jointly invest in knowledge, expertise and skills and will explore if they can support each other, for example by tackling problems in the digital market together.
10/22/2021
European lawmakers and competition authorities focus on tech transactions
Recent decisions by national competition authorities under the merger control rules illustrate the current approach by the authorities to these issues.
10/22/2021
China’s central bank continues to tighten regulation of fintech
Chinese authorities have taken a series of recent measures on fintech regulation.
10/22/2021
Japan: New digitalization and sustainability tax incentives require certified business plans
Companies looking to invest in a more comprehensive DX or, alternatively, invest in certain efforts to promote environmental sustainability, should consider whether taking advantage of the DX and CN incentives may be beneficial for them.
10/21/2021
The Hong Kong Monetary Authority’s Fintech Supervisory Sandbox links up with the People’s Bank of China’s Fintech Innovation Regulatory Facility
The “network link-up” aims to provide a “one-stop platform” to allow eligible financial institutions
10/21/2021
Barclays streamlines compliance with Clausematch
Back in 2014, Clausematch was a smart and promising small company of just six people looking for the right product-market fit.
10/18/2021
Klarna strengthens credit checks in the UK as regulators crack down on ‘buy now, pay later’
Klarna said it will also launch the ability for users to pay for things instantly in one go
10/18/2021
Linklaters appoints new Global Practice Head for TMT/IP
Instructed on projects across all aspects of technology, Julia has a deep knowledge of the life sciences, semiconductor, automotive, electronics and chemical industries.
10/18/2021
Klarna overhauls UK ‘buy now, pay later’ service ahead of crackdown
Regulatory changes include new wording to clarify the group is offering credit and a ‘pay now’ option
10/15/2021
China’s central bank continues to tighten regulation of fintech
The government may require companies to provide more access to their data, business processes, and product information.
10/14/2021
G7 finance officials endorse principles for central bank digital currencies
The finance officials met in person, with some joining by video, in Washington on Wednesday during the annual meetings of the International Monetary Fund and World Bank under the leadership of British finance minister Rishi Sunak.
10/14/2021
State Street Digital Appointed by DSDC
State Street will provide safekeeping, transaction settlement, dividend collection, and FX payment services to DSDC
10/14/2021
Founders of Crypto ICO Plead Guilty to Tax Evasion After Raising $24 Million from Investors
Instead of fulfilling their promises to these investors, the defendants used Bitqyck funds on personal expenses, including casino trips, cars, luxury home furnishings, art, and rent.
10/13/2021
Goldman, Morgan Stanley Sued Over Archegos-Linked Block Trades
This was followed by a $3.9 billion sales of shares in ViacomCBS Inc., Discovery Inc., Farfetch Ltd., iQiyi Inc. and GSX Techedu Inc.
10/13/2021
Digital Framework published to provide strategic direction for digital policy
Over the coming months these will be further developed, in consultation with internal and external stakeholders.