Barclays Bank has been hit with a £42 million fine by the UK’s Financial Conduct Authority (FCA) for failing to adequately assess and monitor money laundering risks in two high-profile client relationships.
In a significant move for cryptocurrency regulation, the U.S. House of Representatives passed the Genius Act this week—formally titled the Guiding and Establishing National Innovation for US Stablecoins. The bill aims to regulate payment stablecoins by prohibiting issuance from anyone other than approved issuers. Marking a first for national-level crypto legislation, the Genius Act provides a framework for stablecoin oversight in the U.S. and is expected to be signed into law by President Trump before the end of the week.
A coalition of banking industry associations, including the ABA and BPI, is pressuring the SEC to roll back its rule requiring public companies to disclose material cybersecurity breaches within four days.
New Hampshire has made history by becoming the first U.S. state to establish a Strategic Bitcoin Reserve, following the signing of House Bill 302 into law by Governor Kelly Ayotte.
Money transfer firm Wise has been fined $4.2 million by a coalition of U.S. state regulators—including New York, Massachusetts, California, Texas, Minnesota, and Nebraska—for failing to maintain adequate anti-money laundering (AML) controls.
A coalition of major U.S. financial trade associations is urging the Securities and Exchange Commission (SEC) to revoke its cyber incident disclosure rule, citing concerns that it harms rather than protects companies and investors.
Chancellor Rachel Reeves has announced a sweeping set of new regulations aimed at bringing clarity, consumer protection, and fraud prevention to the UK's rapidly growing crypto sector.
The UK Government is taking steps to simplify regulatory compliance for fintech firms, as part of its broader effort to drive economic growth. In 2024, the fintech sector attracted $3.6 billion in investment, making it a key component of the UK’s growth strategy.
Despite persistent economic headwinds and a cooling venture capital climate, UK fintech firms are poised to boost professional hiring by 32% in 2025, according to a new report from Morgan McKinley and Vacancysoft.
The Federal Reserve Board on Thursday announced the withdrawal of guidance for banks related to their crypto-asset and dollar token activities and related changes to its expectations for these activities.
A federal judge has granted preliminary approval for AT&T to settle numerous data breach lawsuits for $177 million. U.S. District Court Judge Ada E. Brown ruled that the settlement appears “fair, reasonable and adequate” and in the best interest of the plaintiffs.
The Office of the Comptroller of the Currency (OCC) has issued new guidance outlining the conditions under which national banks and federal savings associations can engage in crypto-asset custody and execution services.
In a sharp pivot from the previous administration’s approach, Deputy Attorney General Todd Blanche has announced the immediate disbandment of the Justice Department’s digital assets enforcement team.