On April 29, 2019, the Swedish parliament published a petition received by the Swedish central bank, Riksbank, which requested the establishment of a committee to be tasked with reviewing and...
On April 3, 2019, in an announcement dated March 29, 2019, the Ministry of Economy, Trade and Industry (METI) announced that Payments Japan has been advancing in discussions on creating a unified...
Some parts of open banking look set to lift off in South Korea before the end of the year according to regulators, marking the latest in a surge of competitive measures aimed at the country’s...
Despite the perception that U.S. legalized marijuana has a payments problem, industry executives and analysts believe an increasing number of financial institutions are quietly opening their doors...
On April 11, 2019, Payments Japan published a report titled “Cashless Road Map 2019”. The report summarises cashless payment trends in the world and the current situation with regard to the...
U.S. banks and payments providers eyeing state-legalized cannabis businesses must battle with both a lack of legal clarity at the federal level and difficulties carrying out due diligence on...
On April 8, 2019, the Central Bank of the Russian Federation (CBR) published a consultation paper on draft amendments to the CBR’s Regulation of July 6, 2017 595-P “on Bank of Russia Payment System...
At the ASEAN central bank governors' meeting on April 4, 2019 in Chiang Rai, Thailand, a number of Association of Southeast Asian Nations (ASEAN) central banks signed various agreements to foster...
The European Commission’s top official for financial services has again urged banks to sign up to the union’s instant payments systems, as the European Central Bank begins work on updates to its...
A three-year investigation into whether Norwegian banks were unlawfully blocking third-party provider Trustly has come to an end, after the authority closed the case without making a judgment...
On April 1, 2019, the State Bank of Pakistan (SBP) released a circular announcing the launch of regulations, which have been made under the Payment Systems and Electronic Fund Transfers Act 2007,...
Just 30 banks have joined the eurozone’s new instant payments scheme, touted as the portent of a revolution in retail payments, analysis of a European Central Bank document shows.
On March 28, 2019, the council of Latvijas Banka, the central bank of Latvia, adopted several legal acts to introduce new functionalities to instant payments in an effort to provide innovative...
UK authorities have not yet taken any regulatory action against banks that deny account services to payment providers, new figures reveal, reigniting debates over the industry’s battle against...
Malta’s financial regulator is seeking to stop risks from its new virtual asset licensing regime spilling over into other parts of the country’s financial sector, following a rebuke from the...
On March 22, 2019, the Bank of England (BoE) released a paper titled “Embracing the promise of fintech”, which discusses the potential that fintech shows and how this can be harnessed in a way that...

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