Latest Results from /regulation
/regulation
The brothers behind a British peer-to-peer style investment platform have been sentenced to a combined eight years in prison for fraud and money laundering.
17 July 2023
Ripple did not violate federal securities law by selling the XRP token on public exchanges and through algorithms, a US judge has ruled in a major win for the cryptocurrency industry.
14 July 2023
The Centre for Finance, Innovation and Technology (CFIT) today unveils the founding members of its ‘Open Finance Coalition’ who will collaborate to show the power of financial data for better SME and consumer outcomes.
13 July 2023
The Bank of London, a global clearing and transaction banking startup, has applied for a European banking licence and committed to a €200 million investment and the hiring of 300 people in Luxembourg over the next five year.
FCA chief Nikhil Rathi has urged banks to up their spending to combat the rise in AI and the threat of 'deep fake' fraud.
12 July 2023
Shares in UK digital banking startup Fiinu have plunged after the lender had its restricted banking licence withdrawn in the face of challenging market conditions.
The UK Government has opened consultations on the introduction of a Digital Securities Sandbox (DSS), to test innovative new market infrastructures for digital assets.
11 July 2023
The UK government has laid out proposals designed to unlock tens of billions of pounds from pension funds to invest in start-ups and high-growth companies.
UK chancellor Jeremy Hunt says he was refused a bank account by Monzo when he was a backbencher last year, claiming he was subject to differential treatment as a 'politcally exposed person'.
10 July 2023
The Federal Trade Commission has filed an amended complaint that it says bolsters its case that Walmart allowed its money transfer services to be used by scammers, who fleeced consumers out of hundreds of millions of dollars.
China's central bank has fined fintech behemoth Ant Group $985 million for violating a host of laws and regulations.
07 July 2023
The Bank of England (BoE) and Financial Conduct Authority (FCA) have met their phase one commitments in ongoing delivery of the Transforming Data Collection (TDC) joint transformation programme.
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