EU lawmakers have defended the final drafting of third-party access rules under the revised Payment Services Directive (PSD2) against criticism that they had not properly consulted with regulators...
Consumers will be empowered by the changes recommended in a wide-reaching report into open banking in Australia, says a former competition regulator, but payment initiation services have been left...
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 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...
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...
On February 8, 2018 the Central Bank of Russia (CBR) published guidelines for financial technologies development for 2018-2020, which determine the main goals and objectives for the development of...
Canada is still awaiting implementing regulations that would bring virtual currency exchanges under anti-money laundering (AML) rules, almost four years after the first legislative steps were taken.
On October 23, 2017, the Malta Financial Services Authority (MFSA) launched a consultation in an attempt to detect and introduce the appropriate rules to ensure investors’ safety and market...
Mexican authorities have responded to a damning report examining the country’s anti-money laundering controls, claiming that remedies are already in motion.
China’s mobile payment giants are set to take a knock to profits under new central bank rules that restrict the amount of client funds firms can invest in interest bearing accounts.
On January 12, 2018, the Supervisory Commission of the Financial Sector (Commission de Surveillance du Secteur Financier – CSSF) published Circular No. 18/677, drawing attention to the European...
On November 30, 2017, the Malta Financial Services Authority (MFSA) issued a discussion paper on initial coin offerings (ICOs), virtual currencies (VCs) and related service providers, with the aim...
On June 12, 2017, the Central Bank of Malta (CBM) launched a public consultation seeking stakeholder input on draft legislation to transpose Directive (EU) 2015/2366, also known as the revised...
On January 4, 2018, the People’s Bank of China (PBOC) published Interim Notice no. 296 on Issuing Provisions on Barcode and QR Code Payment Business Standards, supplemented with interim provisions...
On October 27, 2017, the European Banking Authority (EBA) launched a consultation on draft regulatory technical standards (RTS) specifying the framework for cooperation between competent...
The European payments industry is entering a landmark year for regulatory reform, spearheaded by the introduction of the revised Payment Services Directive (PSD2), tighter controls on financial...

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