On May 24, 2019, the Federal Ministry of Finance in Germany announced the launch of a consultation seeking feedback in relation to a draft law aiming to transpose the provisions of the 5th Anti...
The closed-network structure of Facebook’s Libra cryptocurrency could be enough to allay lawmakers’ concerns about anti-money laundering (AML) risks, technologists have suggested.
International card schemes may face new compliance headaches in Russia after laws were passed designed to prevent them from complying with US and EU sanctions in the country’s banking sector.
On August 17, 2019, Bank Indonesia launched a Quick Response (QR) Code standard for payments through server-based e-money applications, electronic wallets and mobile banking known as QR Code...
Crypto-asset experts in New Zealand have said there are still some hurdles in the way of mainstreaming payment of salaries in virtual currency, after the country’s authorities clarified how crypto...
The UK gambling regulator has said it is considering restricting or banning the use of e-wallets to pay for online betting, as it confirmed it would introduce curbs on gambling by credit card.
On August 13, 2019, the Reserve Bank of India (RBI) published the final enabling framework for the regulatory sandbox. The main objective of the regulatory sandbox is to enable market participants...
The European Banking Authority's (EBA) single rulebook Q&A contains information on various regulations and directives to ensure consistent and effective application of the new regulatory...
On August 7, 2019, the Finnish Ministry of Justice published a consultation seeking responses on the experiences and challenges faced while applying the General Data Protection Regulation (GDPR) in...
Germany’s transposition of European financial crime laws looks set to upset the crypto sector, with a draft bill aiming to put a hard line between virtual currency firms and other financial...
Lithuania’s central bank has suspended most activities of SatchelPay, an authorised e-money institution, saying it broke the law by only providing its annual financial accounts three months after...
On August 1, 2019, the Central Bank of Nigeria (CBN) published a set of guidelines in regard to transparency and disclosure and responsible business conduct, with the aim of enhancing the consumer...
On December 7, 2018, a group of State Duma MPs submitted a draft law on amendments to Law No. 161 FZ "On national payment systems", June 27, 2011, to establish new requirements for registering...
On August 2, 2019, the Financial Supervisory Authority (Finansinspektionen - FSA) issued a consultation on the draft updated rules and regulations on the management of operational risks in...
On July 30, 2019, the Bank of Italy published provisions on the subject of adequate customer verification to combat money laundering and terrorist financing with the aim of implementing the 4th...
On January 23, 2019, the Financial Conduct Authority (FCA) launched a ten-week consultation seeking feedback on its proposed crypto-assets guidance. The consultation paper comes as a response to...

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