Crypto-asset providers are now able to apply for a licence in France, paving the way for what lawmakers hope will be a flourishing blockchain sector in the country.
The European Central Bank (ECB) has thrown its weight behind the creation of a new continent-wide payment system for both retail and e-commerce, warning that reliance on global financial giants...
Lawyers in the London office of international firm Locke Lord gave advice to since-disappeared “cryptoqueen” Ruja Ignatova despite being aware her investment scheme OneCoin may have been a scam, US...
Proposals being developed by Danish lawmakers could mean senior executives are criminally liable if their financial institution is found to have broken financial crime laws, as the Nordic state...
The European Banking Authority (EBA) has revealed it would have set a stricter deadline for member states to enforce new payment security rules under the revised Payment Services Directive (PSD2),...
Westpac chief executive Brian Hartzer has announced he will step down following widespread failures in its anti-money laundering (AML) safeguards, with the Australian banking giant set to shutter...
The European Commission and Council have put the brakes on the deployment of stablecoins in the EU until a consistent and coherent regulatory approach can be decided by authorities.
The UK’s ATM infrastructure operator has launched a blistering attack on the Payment Systems Regulator (PSR), questioning the need for the regulator to exist and calling for it to be dissolved into...
The European Banking Authority (EBA) has acknowledged there were “teething problems” around the introduction of third-party account access reforms, but said the fragmented picture across the...
The Chinese central bank has announced an enforcement drive against cryptocurrency exchanges and mining pools operating in the country, prompting a sudden drop in prices.
The Lithuanian Gambling Supervisory Authority (LGSA) has said it will apply to the Vilnius Regional Administrative Court to grant it the right to issue legally binding website and payment blocking...
The Dutch banking industry has called for the creation of a pan-European financial intelligence unit and closer ties between regulators and banks as it unveiled its wishlist for reforms to the EU’s...
U.S. fraud experts and consumer rights advocates have urged lawmakers not to let screen scraping form part of any open banking initiative, calling for laws to be extended to ensure the introduction...
Blockchain-based payment network Ripple has accused a leading crypto investigations company of a public relations stunt, after it announced it had uncovered some $400m in illicit transactions using...
Nordic lender Swedbank has been forced to declare it is not aware of any violations of US sanctions on Russia after an investigation suggested it processed payments for a blacklisted company.
U.S. attempts to bolster beneficial ownership requirements have been hailed as a significant step in the fight against money laundering via shell companies, but observers warn the bill's vague...

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