Despite a U.S. federal judge dismissing a lawsuit from state regulators seeking to block plans for a federal fintech charter, the path forward remains a rocky one — and the lingering uncertainty...
The UK’s Financial Conduct Authority (FCA) has reiterated that a no-deal Brexit retains the capacity to severely disrupt the movement of retail payments and data, amid difficulties between UK and...
U.S. enforcement authorities have shot a warning to firms seeking to build an international payment network based on cryptocurrency, emphasising the need to obey its anti-money laundering (AML)...
Facebook has announced it intends to apply for a payment system licence from the Swiss Financial Market Supervisory Authority (FINMA) to cover Libra, its controversial cryptocurrency project.
On September 9, 2019, the Ministry of Finance published a regulation on reporting procedures for the funds of electronic money institutions, principles for calculating the minimum value of an...
A legal quirk in the UK’s open banking legislation is creating problems for account information service providers (AISPs), which are being forced to find licensing workarounds despite years...
On September 6, 2019, the Malta Financial Services Authority (MFSA) issued Circular 6/2019, addressed to virtual financial assets (VFA) service providers, to provide information on how to initiate...
The Bank of England (BoE) published Staff Working Paper No. 818 The impact of Brexit on UK firms. 
The Brazilian Securities Commission (CVM) has opened a public consultation to regulate the experimental regulatory environment known as a “sandbox”.
Singapore’s financial regulator has fired the starting gun on a race to obtain one of a handful of new digital-only banking licences in the Asian financial hub.
The General Data Protection Regulation (Regulation 2016/679), also known as the GDPR, significantly increases the responsibilities and obligations for payments businesses in how they collect and...
PSD2 entered into force on January 13, 2018 repealing Directive 2007/64/EC (PSD1).  The revised Payment Services Directive (Directive (EU) 2015/2366), also known as PSD2, introduced new obligations...
The UK has inched closer to leaving the European Union without a deal on October 31 after Prime Minister Boris Johnson chose to suspend parliament for more than a month, leaving financial services...
On August 23, 2019, the Australian Competition & Consumer Commission (ACCC) launched testing in which firms are able to express their interest in becoming accredited data recipients under the...
Despite federal U.S. authorities demanding that cryptocurrency exchanges are licensed as money transmitters, some states have decided to allow certain business models to operate outside those...
On August 19, 2019, the Australian Treasury released its Financial Services Royal Commission Implementation Roadmap, which is part of its commitment to take action on all 76 recommendations...

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