CFTC institutes first action against bitcoin options trader
September 18, 2015 - In its first action against an unregistered bitcoin options trading platform, the Commodity Futures Trading Commission (CFTC) in the US has ruled that virtual currencies are a commodity and as such should come under the purview of the Commodity Exchange Act (CEA).
Financial institutions believe common reporting standard will be more taxing than FATCA - KPMG
September 18, 2015 - With a Jan. 1, 2016 effective date looming for 50 "early adopter" jurisdictions set to enact a new international Common Reporting Standard (CRS) for reporting financial account information, 61 percent of respondents to a KPMG survey of executives at financial institutions worldwide say that the CRS will impact more of their accounts than the U.S. provisions commonly known as the Foreign Account Tax Compliance Act (FATCA).
BitPay loses $1.8m in phishing attack
September 17, 2015 - BitPay lost $1.8 million in a phishing attack late last year, according to lawsuit filed by the bitcoin payment processing firm against an insurer it is trying to get to cover some of the losses.
Ireland creates fintech and payments body
September 17, 2015 - A new trade association intended to provide a single voice for the emerging fintech and payments ecosystem in Ireland has launched, with the aim of establishing the Republic as a leading international financial services hub.
Canadian Payments Association sets out modernisation vision
September 17, 2015 - As part of its initiative to modernize Canada's core national clearing and settlement framework and infrastructure, the CPA is creating a shared vision for the future of payments in Canada based on research, a global perspective, and industry views.
Information sharing key to cybersecurity - Sifma
September 17, 2015 - SIFMA today released the following statement from Kenneth E. Bentsen, Jr., president and CEO, upon completion of SIFMA's Quantum Dawn 3 cybersecurity exercise.
SEC reaches $30m settlement over press release hacking case
September 16, 2015 - A Ukrainian investment banking firm and its CEO have agreed to pay $30 million to settle SEC charges that they profited from trading on information hacked from newswire services.
Judge paves way for banks to sue Target over data breach
September 16, 2015 - A US judge has given a group of banks the go-ahead for a class action lawsuit against Target over the massive 2013 data breach at the US retail chain.
