FinTech Australia releases regulatory map for incoming global fintech companies
Source: Fintech Australia
FinTech Australia has released a new tool for early-stage fintechs and global fintechs expanding into Australia, offering clear guidance on financial services licensing in Australia and which government bodies are responsible for managing them.
EBA says regulators have no visibility of the risks in platformisation of banking
Europe's top banking watchdog says regulatory authorities have little understanding of the risks involved in digital banking marketplaces, where banking products are offered alongside third party services.
BofE warns banks about regulatory reporting failures
The Bank of England has chided some banks and building societies for failing to supply accurate and reliable data to help regulators identify risks to the financial system.
El Salvador becomes first country to accept Bitcoin as legal tender
The central American nation today sets a world-first as it adopts the cryptocurrency for use across all goods and services – even taxes.
SETL proposes new approach to blockchain regulation
Source: SETL
SETL, the London based blockchain company, today published a whitepaper on how to “Realise the Regulated Internet of Value” based on a multi-asset approach to tokenisation.
New EU AML rules will ensure full traceability of crypto transfers
The European Commission is to extend anti-money laundering rules to the entire crypto sector as part of a wider overhaul of financial crime safeguards.
Klarna faces data privacy investigation in Sweden
Sweden's financial watchdog is investigating whether buy-now-pay-later (BNPL) fintech Klarna violated bank secrecy laws following a security breach in May.
FCA proposes stronger protection for consumers in financial markets
Source: FCA
The FCA has today set out plans for a new Consumer Duty, which will set a higher level of consumer protection in retail financial markets for firms to adhere to.
