Legal

1159 articles tagged with this keyword

/crypto

Lagarde makes case for digital euro

The president of the European Central Bank, Christine Lagarde, has suggested that the Euro Zone's central bankers are close to making a decision on whether to press ahead with the development of a central bank digital currency (CBDC).

/regulation

ICO’s new code to protect ‘datafied’ children

Having come into effect on 2nd September, the ICO’s Age Appropriate Design Code has dealt firms a new raft of cumbersome data protection requirements to implement within a 12-month transition period.

/Legal

The Future of Fintech 2020

959 downloads

/payments

NPP Australia sues Ripple over infringement of PayID brand

Ripple is being sued by New Payments Platform Australia for alleged infringement of its PayID copyright.

/markets

ISignthis seeks $264m in damages from ASX

ISignthis, a provider of payment verification technology to help banks meets AML reporting obligations, is seeking A$264 million in damages from the Australian Securities Exchange over the suspension of its shares.

/regulation

PRA challenges business models of new banks in consultation paper

In a recent consultation paper, the Prudential Regulation Authority (PRA) set out its proposed approach to the supervision of both new and growing non-system UK banks.

/retail

Colorado reaches settlement with online lenders

Colorado has reached a settlement in lawsuits with online lenders and their partner banks relating to the state's right to enforce interest rate limits.

/crypto

US seizes bitcoin linked to terror groups

US authorities have seized millions of dollars in cryptocurrency linked to online terrorist financing campaigns involving Hamas, al-Qaeda and ISIS.

/markets

Trading firm Virtu sues insurer over $6.9m scam loss

Electronic trading outfit Virtu Financial is suing its insurer for refusing to cover a $6.9 million loss suffered in a hacking scam.

/crime

Bank of Ireland fined for cyber security failings

Ireland's Central Bank has imposed a €1.66m fine on Bank of Ireland (BoI) for a regulatory breach that saw one of its subsidiaries transfer more than €100,000 to a hacker that had illegally accessed a client's email account.

/crypto

Philippine central bank mulls digital currency

The Philippine central bank has become the latest national monetary authority to consider establishing its own digital currency.

/wholesale

ECB confirms one year delay to T2-T2S integration

The European Central Bank (ECB) has formally approved a one year extension to its T2-T2S consolidation project.

/people

Westpac hires new IT head

Australian bank Westpac has appointed former ANZ technology chief Scott Collary to lead the consolidation of its technology and operations division.

/people

Coinbase names Facebook's Paul Grewal chief legal officer

We’re proud to announce today that Paul Grewal is joining Coinbase as our Chief Legal Officer.

/retail

VTB Group receives patent for credit tech

VTB Group has received a patent for a technology developed by the bank's IT and consumer banking specialists for selecting loan offers for clients.

/regulation

EDPB casts doubt over GDPR adequacy decision for the UK

In a letter to the European Parliament dated 15 June 2020, Andrea Jelinek, chair, European Data Protection Board (EDPB) raises concerns over the UK’s endeavour to reach an ‘adequacy decision’ with the EU following the end of the Brexit transition period.

/payments

UK's top court rules against Visa and Mastercard in interchange fee battle

The UK's Supreme Court has come down in favour of the UK's biggest supermarket chains in a long-runnning legal battle over the level of interchange fees charged by Visa and Mastercard

/startups

Trio of top banks join $27 million funding round in H4

Digital documentation firm H4 has received $27 million in funding from a consortium including JPMorgan, Goldman Sachs, Barclays and Linklaters.

/regulation

US regulator signals change to digital banking rules

A US federal banking regulator has called for public feedback on the use of cryptocurrencies ahead of what could be a change in the rules on digital banking.

/crime

Crypto crime reaches $1.4bn so far in 2020

Just under $1.4bn was stolen through various crypto-related scams in the first five months of 2020, according to a report from cyber security firm CipherTrace