EMEA

Fed, FinCEN, OCC Urge Banks to Take More Measured Approach to Customer Due Diligence

Fed, FinCEN, OCC Urge Banks to Take More Measured Approach to Customer Due Diligence
Fed, FinCEN, OCC Urge Banks to Take More Measured Approach to Customer Due Diligence
July 07, 2022  |  Bank Regulation

The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Financial Crimes Enforcement Network (FinCEN), the National Credit Union Administration,...

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UK’s Boris Johnson Resignation May Delay Crypto, BNPL Legislation 
UK’s Boris Johnson Resignation May Delay Crypto, BNPL Legislation 
July 07, 2022  |  Legal & Regulation

A possible resignation of Boris Johnson as leader of the Tory party and Prime Minister in the U.K. may lead to a reshuffle of the...

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As Crypto Spirals, Experts Make the Case for Slower, Safer Regulation
As Crypto Spirals, Experts Make the Case for Slower, Safer Regulation
July 07, 2022  |  Cryptocurrency

If you ask executives and investors in the blockchain and cryptocurrency industries to describe the current state of regulation, you’d hear things like “desperately needed”...

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BNPL Is the Working Capital Bridge for African SMBs
BNPL Is the Working Capital Bridge for African SMBs
July 07, 2022  |  BNPL

There’s a huge gap in working capital financing for small- and medium-sized businesses (SMBs) in emerging markets across Africa, estimated at about $340 billion by...

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UK Treasury to Introduce Stablecoin Regulation Within Weeks
UK Treasury to Introduce Stablecoin Regulation Within Weeks
July 06, 2022  |  Cryptocurrency

The U.K. Treasury is planning legislation to establish a regulatory system for stablecoins, to come as early as August, Coindesk reported Wednesday (July 6). Get...

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UK Antitrust Watchdog Scrutinizes Microsoft-Activision Deal
UK Antitrust Watchdog Scrutinizes Microsoft-Activision Deal
July 06, 2022  |  ANTITRUST

The Competition and Markets Authority (CMA), the U.K.’s antitrust watchdog, is looking into Microsoft’s deal to buy Activision Blizzard for $68.7 billion, Reuters reported Wednesday...

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PSD3 Set to Mandate API Standardization
PSD3 Set to Mandate API Standardization
July 06, 2022  |  API

Last month, the European Banking Authority (EBA) published a response to the European Commission’s call for advice on the upcoming review of the revised Payment...

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Graff Diamonds Sues Insurance for Losses After Paying $7.5M Ransom to Hackers
Graff Diamonds Sues Insurance for Losses After Paying $7.5M Ransom to Hackers
July 06, 2022  |  Legal & Regulation

Graff Diamonds, a British luxury jeweler, has paid a ransom in bitcoin of $7.5 million to Conti, the Russian hacking gang which leaked data on...

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