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Federal Reserve governor Christopher Waller has cautioned against the clamour to interlink national fast payment systems, insisting that the US is focused on building up its FedNow network domestically.
02 September 2024
Nigerian cryptocurrency exchange platforms, Busha and Quidax have been granted the first provisional licenses by the Nigerian Securities and Exchange Commission (SEC).
30 August 2024
British ambitions to become a global crypto hub are being hindered by a conservative regulatory approach that has seen applications for registration by crypto firms drop by 51% over the past three years.
28 August 2024
Deutsche Bank has been in the process of acquiring Postbank since 2008, and has been facing trouble agreeing to a settlement with Postbank shareholders.
23 August 2024
Ashley Alder, FCA chair, has been accused of revealing the identity of an internal whistleblower despite the regulator's policy to protect their identity.
Texas Comptroller Glenn Hegar has added NatWest to its list of financial institutions that they will not be doing business with according to a new Texas law.
16 August 2024
The UK's Payment Systems Regulator says it will assess the necessity and scope of mandated participation in Phase 1 expansion of Variable Recurring Payments (VRPs) following stakeholder feedback.
Responding to a call from the US Treasury, the Consumer Financial Protection Bureau (CFPB) and the American Fintech Council (AFC) have both weighed in on the use of AI in financial services.
14 August 2024
Australia's Securities and Investment Commission is suing the country's top exchange over misleading statements about the progress of its much delayed and now abandoned blockchain-based Chess replacement system.
Russia's central bank has cancelled the licence of American Express's subsidiary in the country, at the payment company's request, according to Reuters.
13 August 2024
Money transfer fintech Wise is set to take on India's banks in the country's $32 billion remittance market after securing a new licence from the RBI.
Ripple has been ordered by a US judge to pay the Securities and Exchange Commission $125 million in penalties for improperly selling its XRP token to institutional investors.
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