On February 20, 2018, BaFin, the federal financial supervisory authority, published a response to numerous queries received on whether initial coin offerings (ICOs) with underlying tokens or...
The revised Payment Services Directive (Directive (EU) 2015/2366), also known as PSD2, has brought a set of obligations for the European Commission, the European Banking Authority (EBA), EU member...
The European Parliament is stepping up its fight against low-value terrorist financing, after a committee approved new draft regulations targeting prepaid cards, informal money transfers and...
Incoming EU rules on strong authentication will place unprecedented demands on payment providers to keep fraud rates low or risk losing out to more tech-savvy competitors, industry insiders believe.
The General Data Protection Regulation (Regulation 2016/679), also known as GDPR, will significantly increase the responsibilities and obligations for payments businesses in how they collect and...
The European Commission is set to begin discussions with national authorities and market participants on whether virtual currencies are in need of more effective regulatory oversight.
Slovakia has taken a significant step towards implementing EU anti-money laundering reforms, although the new controls are likely to take effect more than a year late.
On February 19, 2018 the UK's Financial Conduct Authority (FCA) announced that it had signed a cooperation arrangement on fintech innovation with its US counterpart, the Commodity Futures Trading...
The Financial Conduct Authority (FCA) has proposed a global sandbox programme to allow firms to test their wares not only in the UK but in an international context.
A draft action plan for fintech recently leaked from the European Commission has raised concerns about the pace and feasibility of the accelerating drive for regulatory alignment.
On October 20, 2017, the federal Ministry of Finance published a draft Federal Law on the Provision of Payment Services Act 2018, which would implement the revised Payment Services Directive (PSD2...
The recent onslaught of EU regulatory compliance deadlines is stalling Brexit planning for small payment firms as the clock ticks closer to the UK’s departure from the European Union, experts have...
As the new UK Sanctions and Anti-Money Laundering Bill prepares to face the Commons, there are suggestions that it could result in significant new powers for enforcement authorities.
On February 9, 2018, the Bank of Lithuania announced that a memorandum of understanding (MoU) on cross-border financial stability had been signed between Nordic and Baltic countries, underpinned by...
Legal experts have warned that there is a "lack of clarity" around incoming EU restrictions on geoblocking by online retailers, after the European Parliament adopted its final position on the...
On February 8, 2018 the European Commission published a notice to stakeholders on the withdrawal of United Kingdom and European Union rules in relation to banking and payment services.    ...

Pages