clear
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/regulation

IOSCO highlights risks of tokenisation

A report from the International Organization of Securities Commissions (IOSCO) has highlighted the challenges involved with the nascent tokenisation market including uneven efficiency gains for participants, legal uncertainty and inconsistent regulation.

/sustainable

EIB upgrades green finance digital tool

The European Investment Bank (EIB) has extedned the coverage of its online tool, Green Checker, which is designed to identify projects eligible for green financing

/wealth

Charles Schwab to buy private markets platform Forge for $660m

Wall Street broker Charles Schwab has splashed out $660m to acquire investment platform Forge Global in a sign of the growing interest in private investment markets.

/crypto

Coinbase launches interest-bearing savings accounts in the UK

Crypto exchange Coinbase is to launch a new savings account in the UK, offering 3.75% AER interest, instant access, and FSCS protection

/payments

Standard Chartered to support DCS stablecoin card

Standard Chartered has joined with DCS as the principal banking partner for DeCard, a next-generation credit card enabling seamless stablecoin spending in the real world.

/crypto

Square rolls out bitcoin payments to four million merchants

Over four million Square merchants can now accept bitcoin payments at the point-of-sale, marking a major mainstream use case for the cryptocurrency.

/payments

Visa and Mastercard agree settlement over interchange fees and mecrchant choice

Visa and Mastercard are bidding to close a long running battle with US retailers over interchange fees with a promise to trim charges and let merchants have freedom of choice over which cards they have to accept.

/regulation

Bank of England opens consultation on stablecoin regulations

The Bank of England has published a consultation paper (CP) setting out its proposed regulatory regime for sterling-denominated systemic stablecoins, including a cap on holdings for individuals and businesses.

/crypto

Paystand acquires stablecoin network Bitwage

Blockchain-enabled B2B payments company Paystand has acquired cross-border stablecoin payments network Bitwage

/security

Meta earns a fortune from fraudulent ad sales

Meta estimated that ten percent of its 2024 revenue could come from ads and scammed goods, document seen by Reuters show.

/startups

ClearBank founder bounces back with Sporta

Andrew Smith, ClearBank founder and former CTO, has launched his next venture, Sporta. Its first Crowdcube funding round values the startup at £35 million pre-money.

/retail

Atom bank launches tax-efficient Easy Access ISA

UK’s Atom bank has announced the launch of its Easy Access Cash Individual Savings Account (ISA).