Cryptocurrency firms are urging U.S. authorities to consider a ground-up, purpose-built regulatory framework for the technology, amid fears that hostility towards Facebook’s Libra project could...
Ukraine’s top financial regulator has embarked on a campaign to liberalise the country’s payments market that will allow non-banks to issue electronic money and payment cards for the first time.
As Facebook's Libra project endures withering criticism from Congressional critics — and a day before another hearing on Capitol Hill focused on virtual currency regulation — Ripple is urging...
The European Commission’s plans to change EU anti-money laundering rules from directives into regulations will not solve the underlying problem of lacklustre supervision, legal experts have said.
As bank de-risking continues to plague the worldwide financial system, U.S officials are encouraging regulated institutions to assess risk on a case-by-case basis, rather than making blanket...
Paying for most goods and services with more than A$10,000 ($6,900) in cash will become a criminal offence in Australia from January next year, under a new law proposed by the government.
On July 26, 2019, the Australian government launched a public consultation on the Currency (Restrictions on the Use of Cash) Bill 2019, which, as noted in the explanatory memorandum, introduces...
The European Commission has thrown its weight behind a move to make EU anti-money laundering (AML) regulation directly applicable in member state law as it lashed member states for fumbling...
Platforms that allow anonymous transactions such as prepaid cards and cryptocurrencies remain pressing threats to financial integrity in Europe, the European Commission said on Wednesday, as it...
On July 23, 2019, the Malta Financial Services Authority (MFSA) announced by way of a circular that the Financial Intelligence Analysis Unit (FIAU) has published revisions to the Implementing...
Indian authorities have proposed banning cryptocurrencies entirely within the country, a move which experts said would be particularly damaging because of the broad definition of the technology.
A U.S. Senate committee hearing to examine proposals aimed at enabling banks to serve legal cannabis businesses without fear of legal repercussions has offered some signs of progress toward that...
On July 23, 2019, the Ministry of Finance published an inter-ministerial committee report, along with the draft Banning Cryptocurrency and Regulation of Official Digital Currency Bill 2019. A high...
The UK’s payment system operator, Pay.UK, is preparing for a more central role in fighting economic crime, but even after the government’s new plan revived commitments for its future operations...
Hong Kong’s financial regulator said it will adjust rules governing prepaid money providers, following a review of the sector’s vulnerability to money laundering and terrorist financing.
The UK government has called for input on the possibility of establishing a digital identification system for the country, which would provide a single mechanism whereby customer authentication...

Pages