The Financial Conduct Authority (FCA) has ordered e-money institution One Stop Money Manager Limited and payment institution Merchant Optimisation Services Limited to stop operating.
Estonia’s parliament is on the cusp of passing legal amendments to overhaul a light-touch cryptocurrency licensing regime that has led to 2,335 authorisations being handed out over just two years.
China is pushing ahead with efforts to popularise electronic means of payment, introducing more rigorous supervision, as well as looking to make the system more accessible for foreigners.
German lawmakers are set to approve a new regulatory framework for crypto-asset firms, handing a boost to the nascent sector by dropping earlier plans over business segregation and capital...
Senior members of OneCoin, the alleged $4bn Ponzi scheme based on a non-existent cryptocurrency, recently obtained permission to operate virtual currency exchanges and provide digital wallets in...
Crypto-asset providers are now able to apply for a licence in France, paving the way for what lawmakers hope will be a flourishing blockchain sector in the country.
The European Commission and Council have put the brakes on the deployment of stablecoins in the EU until a consistent and coherent regulatory approach can be decided by authorities.
U.S. officials are cracking down on enforcing regulations requiring cryptocurrency service providers registered as money services businesses to identify the senders and recipients of digital...
On July 3, 2018, the Romanian Ministry of Public Finance launched a public consultation on a draft emergency ordinance on the issuance of electronic money (e-money). Pursuant to that, on July 4,...
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 Office of Foreign Assets Control (OFAC) has granted U.S. cryptocurrency exchange Bittrex a license to allow customers in sanctioned jurisdictions to withdraw their funds.
Australia’s financial services regulator has put the brakes on Revolut’s expansion in the country, ordering the payment services provider to halt onboarding of new customers while its licence...
German payment processor Wirecard has secured entry into China’s lucrative digital payments market by snapping up a local provider.
Finland’s financial regulator has granted its first tranche of registrations to cryptocurrency firms, becoming the latest of a growing number of EU member states to give the sector official...
The Bank of Lithuania has fined electronic money institution Mistertango €245,000 over repeated failures in its anti-money laundering (AML) and counter-terrorist financing (CTF) controls.
Impending moves by Brussels to cobble together new regulations on cryptocurrencies should focus on clarifying how existing laws apply to the sector rather than creating a new directive, experts...

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