Category: Policy and Regulation
SEC Unveils New Crypto Task Force Aiming to Enhance Oversight and Regulation
The SEC is shifting its regulatory approach to cryptocurrency following Gary Gensler’s departure, aiming for clearer regulations to support innovation. Previously, the SEC’s reliance on…
FCA Eliminates £100 Contactless Limit: What You Need to Know!
The Financial Conduct Authority (FCA) is shifting to a digital-first strategy to support the UK Government’s growth agenda, following a letter from the Prime Minister…
Swedish Central Bank Urges Banks to Accelerate Cross-Currency Project Initiatives
The European Central Bank (ECB), Riksbank, and Danmarks Nationalbank are launching an initiative to enable instant cross-currency payments in euros, Swedish kronor, and Danish kroner.…
Trump’s Upcoming Crypto Executive Order: What It Means for the Future of Digital Currency
A recent executive order is set to prioritize cryptocurrency regulation in the U.S., fostering collaboration between government agencies and the crypto sector. It may direct…
DORA Implementation Kicks Off Today: What You Need to Know!
The Digital Operational Resilience Act (DORA) takes effect today, aiming to enhance ICT risk management in the financial sector. It mandates banks and financial institutions…
UK Payment Systems Regulator Unveils Bold New Strategy for 2023
The Payment Systems Regulator (PSR) has made significant progress since its establishment in 2022, focusing on user protection and competition in the payment sector. Three…
Block Faces $255 Million Penalties for Cash App Failures: What You Need to Know
Block Inc. faces $80 million in penalties for violating Bank Secrecy Act and anti-money laundering regulations, following a crackdown by 48 state financial regulators. As…
Shocking Truth: 50% of UK Buy Now Pay Later Users Unaware of Hidden Late Fees!
Buy Now Pay Later (BNPL) services are increasingly popular in the UK, with over 15 million adults expected to use them for holiday spending, according…
Google Fund Backs Innovative KYB Verification Startup Arva AI
Arva AI, a fintech innovator, has secured significant funding from investors including Google’s Gradient fund and Y Combinator to enhance its generative AI-enabled platform. This…
Half of UK Buy Now, Pay Later Users Unaware of Late Fee Risks
The popularity of Buy Now Pay Later (BNPL) services is rising in the UK, with over 15 million adults planning to use them for holiday…
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