The Ministry of Economic Development of the Russian Federation has introduced a draft Federal Law "on experimental regulatory regimes in digital innovations and on amendments to other Acts of...
With Facebook scheduled to appear before U.S. Congress this week to make the case for its cryptocurrency project Libra, the social media giant faces an uphill struggle to convince wary legislators...
On July 11, 2019, the Payment Systems Regulator (PSR) published consultation paper MR18/1.6 on its proposed approach to the profitability analysis, forming part of its market review into the supply...
On July 10, 2019, the Danish Financial Supervisory Authority (FSA) issued a note on good practice regarding the use and application of artificial technology and, more particularly, supervised...
Regulators from Germany and France are again calling for the development of a European-wide payment scheme, citing reiterating warnings over the influence of US card companies and the threat of...
On July 9, 2019, the Bank of Israel released a policy paper in which it states its position in relation to the issue of banks’ payments application activity....
Facebook has responded to demands from the U.S. Senate Banking Committee for answers on the regulatory status of its cryptocurrency project Libra, although steered clear of calls to halt the...
On July 4, 2019, the Cypriot Ministry of Finance published the country’s National Strategy for Decentralised Technologies (Blockchain), which explores the full implementation of blockchain...
On July 9, 2019, the joint committee of the European supervisory authorities (ESAs) — the European Banking Authority (EBA), the European Securities and Markets Authority (ESMA) and the European...
The European Banking Authority (EBA) has issued a warning over potential bottlenecks in Brussels’ drive for innovation in payments, highlighting the gatekeeper role that traditional banks and card...
Dutch banks are seeking urgent talks with the country’s Data Protection Authority (AP) after it unexpectedly instructed them not to use customers’ payment data for direct marketing purposes.
UK payment providers have welcomed industry-led attempts to improve their access to bank account services, but called on government and regulators to give greater support to a sector still...
The European Banking Authority (EBA) has published a report on the impact of fintech on the business models of payment institutions (PIs) and electronic money institutions (EMIs). The report...
Facebook’s Libra has the potential to shake up a global remittances market long in need of reform, experts believe, but much will hinge on the opinions of a diverse array of regulators in...
Following a survey of thousands of European financial institutions, open banking platform Tink has said not a single one has developed an application programming interface (API) good enough to...
On July 5, 2019, the Malta Financial Services Authority (MFSA) released a consultation paper titled “Pilar 1 - Regulations”, which seeks feedback from stakeholders in relation to the first of the...

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