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/crypto

Pair jailed for £1.5m crypto fraud

A UK judge has sentenced two men to a combined 12 years in prison for a £1.5 million cryptocurrency fraud.

/markets

Trump says tariff rates could be up to 70% as letters ship out

As the 9 July tariff deadline looms, US President Donald Trump has said that rates could be up to 70% for certain counties.

/inclusion

The Payments Association calls for more LGBTQIA+ diversity in payments

Findings from a survey conducted by The Payments Association (TPA) highlighted the need for further LGBTQIA+ inclusion in financial services.

/devops

CBDC pilot projects seeing adoption in Ghana and Thailand – Giesecke + Devrient

Raoul Herborg, managing director, central bank digital currency (CBDC) solutions at Giesecke and Devrient (G+D) spoke to Finextra on their release of a recent survey on CBDC progress worldwide, and what we can expect from CBDCs in the coming years.

/startups

UK bids to cut red tape for fintech firms

The UK's Regulatory Innovation Office is to work with the Digital Regulation Cooperation Forum to cut red tape for fintechs as they navigate complex regulation.

/ai

BBVA to roll out GenAI tools to 100,000 employees via Google Cloud

BBVA is deepening its relationship with Google Cloud through the deployment of Google Workspace with Gemini, as part of the global bank’s AI adoption strategy.

/regulation

Business banking platform Qonto applies for banking licence

French neobank Qonto has applied for a banking licence after reaching 600,000 customers across Europe.

/payments

ISDA and Ant International call for common industry framework for asset tokenisation

The uptake of tokenised bank liabilities and shared ledgers in transaction banking services could lower cross-border currency costs by 12.5%, saving businesses more than US$50 billion by 2030, according to a report by the International Swaps and Derivatives Association (ISDA) and Ant International.

/ai

BNY to give AI-powered 'digital employees' their own emails

Bank of New York Mellon has given dozens of AI agent 'digital employees' their own logins and will soon provide them with email accounts.

/crypto

Paxos launches stablecoin in the EU

Digital asset outfit Paxos has launched its Global Dollar (USDG) stablecoin across the European Union.

/crypto

MiniPay and Noah debut global-to-local stablecoin payments

MiniPay and Noah have joined forces on non-custodial stablecoin payments that connect global banking rails with local payment methods.

/crypto

AllUnity secures BaFin EMI Licence to launch Euro stablecoin

AllUnity, a joint venture between asset manager DWS, market maker Flow Traders, and blockchain firm Galaxy, has been granted an E-Money Institution (EMI) licence by the German Federal Financial Supervisory Authority (BaFin)