Global
Loan sharks: FCCPC to introduce regulatory framework for online lenders
The Federal Competition and Consumer Protection Commission (FCCPC), which recently got a court order to pause operations of some money lending apps in ...
Global
Global: Bank of Canada Partners With MIT on CBDC Research
Canada’s central bank has announced a partnership with MIT that will involve a year-long collaboration on CBDC research. Canada’s Central Bank Will Research CBDCs The ...
Global
Global: UAE payments giant Network International says Saudi launch plan ‘ahead of schedule’
CEO Nandan Mer says he continues to be positively surprised by the scale of opportunities as 2021 revenues, profits rise UAE-based digital payments ...
Global
Global: Tencent to possibly be fined for AML violations
Tencent has been facing a fine for violations of central bank regulations by its WeChat Pay mobile network after Beijing toughened its regulations for fintech platforms, ...
Global
Global: Upcoming AML Regulations in Estonia to Affect Cryptocurrency Industry
Estonia is preparing to enforce a set of new anti-money laundering rules that will stiffen requirements for crypto companies operating under Estonian license. ...
Global
Global: Visa acquires Tink in a $2 million deal
Visa offers several financial solutions on its platform. However, the company seeks to improve further, giving users a lot more with Tink’s interface ...
Global
Global: UK regulator orders crypto ATM operators to shut down
The UK’s Financial Conduct Authority (FCA) has contacted crypto ATM operators to shut down their machines or face penalties since they are unlicensed. ...
Global
Global: Visa Closes Deal to Acquire European Open Banking Platform Tink for $2B
Visa has finalized its deal to purchase Tink, the Sweden-based open banking platform, for $2 billion, according to a Thursday (March 10) press release. ...
Global
Global: Consolidation and centralization: How Europe’s new AML regulation will affect crypto
According to recent media reports, six European countries, led by Germany, are working on launching an Anti-Money Laundering (AML) body that will include the cryptocurrency ...
Global
Global: Russia Suspended From Bank for International Settlements
The Bank for International Settlements, known as the central bank for central banks, has suspended Russia from using its services following Western sanctions. ...