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Find here all the latest articles, news, and research on Regulation and other Regulation-related topics:

Find here all the latest articles, news, and research on Regulation and other Regulation-related topics:

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MNB fines OTP and MBH Banks for AML compliance failures

News | Digital Identity, Security & Online Fraud | 16 Jan 2025

Hungary’s central bank, MNB, has fined OTP and MBH Bank HUF 43 million (USD 106,183) for non-compliance with AML and CTF regulations.

AML, CTF, penalize, regulation, compliance

US judge fines BitMEX USD 100 million for AML breaches

News | Online & Mobile Banking | 16 Jan 2025

Seychelles-based crypto derivatives exchange BitMEX has been fined USD 100 million for breaching US Anti-Money Laundering (AML) laws to scale its revenue. 

regulation, AML, KYC, fraud management

Block Inc pays USD 80 million fine for violating AML regulations

News | Digital Identity, Security & Online Fraud | 16 Jan 2025

Block Inc has agreed to pay a USD 80 million fine for violations of the Bank Secrecy Act following a joint enforcement action by 48 state financial regulators.

regulation, fraud management, financial crime, AML, fintech

NYDFS and Bank of England's exchange program on crypto regulation

News | Online & Mobile Banking | 16 Jan 2025

NYDFS has partnered with the Bank of England on a Transatlantic Regulatory Exchange (TRE) programme to strengthen oversight of digital assets and emerging payments.

banks, regulation, cryptocurrency, crypto, digital assets

FDIC extends deadline for BlackRock oversight

News | Digital Identity, Security & Online Fraud | 15 Jan 2025

The FDIC has set a 10 February deadline for BlackRock to resolve regulatory concerns about its investments in FDIC-regulated banks.

regulation, compliance, asset recovery, investment

HashKey obtains in-principal approval for VASP licence in Dubai

News | Cryptocurrencies | 15 Jan 2025

HashKey Group, a regulated digital asset exchange, has announced that HashKey MENA FZE obtained an in-principal approval from the Dubai Virtual Assets Regulatory Authority (VARA) for its Virtual Asset Service Provider (VASP) licence application. 

digital assets, virtual asset, cryptocurrency exchange, crypto, web3, regulation, blockchain

Singapore implements anti-scam law to allow police to control bank accounts

News | Digital Identity, Security & Online Fraud | 15 Jan 2025

Singapore has announced that it has passed a law providing police with the ability to control an individual’s bank account if there is proof of a scam. 

fraud management, scam, money scam, regulation, fraud prevention

Reap secures in-principal approval for MPI licence from MAS

News | Payments General | 14 Jan 2025

Hong Kong-based payment technology provider Reap has announced that it secured an in-principal approval from the Monetary Authority of Singapore (MAS) for its application for the major payment institution (MPI) licence. 

MPI licence, regulation, compliance, online payments, digital payments

Unlocking Open Banking: overcoming political and operational barriers

Voice of the Industry | Online & Mobile Banking | 14 Jan 2025

Discover the key challenges hindering the success of Open Banking. From political and regulatory barriers to implementation issues like trust and bank readiness, Mike Woods, CEO of Konsentus, explores what’s slowing down progress and how ecosystems across the globe can move forward.

Open Banking, Open Finance, regulation, payments , financial data, API, fintech, financial institutions, PSD2, SCA

Standard Chartered opens new entity in Luxembourg

News | Online & Mobile Banking | 14 Jan 2025

UK-based banking group Standard Chartered has announced that it created an entity in Luxembourg, in turn allowing it to become a regulatory gateway to the EU for crypto and digital asset custody services. 

cryptocurrency, crypto asset, MiCA, regulation, digital assets

CFPB seeks public input on privacy protections in digital payments

News | Payments General | 13 Jan 2025

The Consumer Financial Protection Bureau (CFPB) has announced plans to gather public feedback on enhancing privacy protections in digital payment systems.

regulation, digital payments, payment methods, financial services, data protection, data privacy

Skyee receives MPI licence to cater to its Singapore-based customers

News | Payments General | 13 Jan 2025

The Monetary Authority of Singapore (MAS) has granted Skyee an In-Principle Approval (IPA) for the Major Payment Institution (MPI) licence.

regulation, e-money, MPI licence, cross-border payments, Monetary Authority of Singapore (MAS)

BiG blocks fiat transfer to crypto platforms

News | Cryptocurrencies | 10 Jan 2025

Banco de Investimentos Globais (BiG), one of Portugal’s largest banks, has announced that it began the process of blocking fiat transfers to cryptocurrency platforms. 

cryptocurrency, crypto asset, money transfer, AML, MiCA, regulation

EBA issues a paper on prudential standards for crypto-asset exposures

News | Online & Mobile Banking | 10 Jan 2025

The EBA has released a Consultation Paper detailing draft Regulatory Technical Standards (RTS) to guide institutions on managing their crypto-asset exposures.

cryptocurrency, regulation, risk management, financial institutions

EU Open Finance: the main discussions in the FIDA Proposal

Voice of the Industry | Online & Mobile Banking | 10 Jan 2025

The EU's FIDA Proposal aims to unlock Open Finance by 2025. Emanuel van Praag and Eugerta Muçi discuss key topics: standardisation, data access rights, gatekeepers, & financial inclusion.

Open Banking, FIDA, regulation, Open Finance

CFPB passes application from FDX to issue Open Banking standards

News | Online & Mobile Banking | 09 Jan 2025

The Consumer Financial Protection Bureau (CFPB) has announced that it issued an order which acknowledges Financial Data Exchange (FDX) as a standard-setting institution under its Personal Financial Data Rights regulation. 

regulation, financial data, data sharing, data protection, fintech

South Korea to ease restrictions on institutional crypto trading

News | Online & Mobile Banking | 09 Jan 2025

South Korea's Financial Services Commission (FSC) has considered relaxing its restrictions on institutional participation in cryptocurrency trading.

cryptocurrency, regulation, digital assets, trade finance

Latin America's path to Open Finance – BBVA interview

Interviews | Online & Mobile Banking | 08 Jan 2025

Carmela Gómez Castelao, Head of Global Open Banking at BBVA, discusses Open Banking and Open Finance adoption in LATAM, regulatory trends, and BBVA's role in advancing innovation.

Open Banking, Open Finance, report, regulation, banks, fintech

Trillium Surveyor and Kaiko to improve crypto trade surveillance

News | Cryptocurrencies | 20 Dec 2024

Trillium Surveyor, a provider of trade surveillance and execution software, has partnered with Kaiko, a cryptocurrency market data provider, to offer solutions for cryptocurrency trading.

cryptocurrency, regulation, data, compliance, partnership

Australia's ASIC files lawsuit against Binance's local derivatives unit

News | Cryptocurrencies | 20 Dec 2024

Australia's corporate regulator, the Australian Securities and Investment Commission (ASIC), has filed a lawsuit against Binance's local derivatives arm.

cryptocurrency, compliance, regulation, cryptocurrency exchange