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Latest Results from /regulation

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Generative AI governance targeted in proposed EU rules

The EU’s AI Act has been pushed through to the trilogue stage after nearly two years of drafting. The draft includes requirements for generative AI tools, like ChatGPT, to disclose the copyrighted material used in developing their programmes.

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DoJ investigates Mastercard debit card programme

Mastercard says the Department of Justice is investigating potential anticompetitive behaviour related to its debit card operations.

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HM Treasury opens consultation for taxing DeFi cryptoassets

HM Treasury has launched a consultation into modifying the tax treatment of decentralised finance (DeFi) lending and staking.

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Coinbase sues SEC to force response to rulemaking petition

Coinbase has filed a suit against the Securities and Exchange Commission, asking a court to make the regulator respond to a petition from last year on the "rules to govern the regulation" of digital assets.

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NextGen Nordics: Retail CBDCs could jeopardise commercial banks’ deposit base

Exploring CBDCs and the future of technology in the Nordics and across Europe, Paige McNamee, senior reporter at Finextra discussed the painpoints central bank digital currencies could help to alleviate and what level of cybersecurity, AML and KYC is required.

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NextGen Nordics: Beyond P27, there is still hope for Nordic harmonisation

NextGen Nordics 2023 kicked off with a panel on the challenges and opportunities in the road for harmonisation across transaction banking services.

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Merchants should be obliged to accept digital euro - ECB's Panetta

Merchants should be obliged to accept a future digital euro as legal tender, whilst people and businesses should also be able to obtain the CBDC at their banks, says ECB executive board member Fabio Panetta.

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Financial watchdog puts banks on alert over money laundering via the Post Office

The UK's Financial Conduct Authority has outlined measures to reduce the risk of money laundering via the Post Office, as more banks quit the high street and hand over the handling of cash services to the postal service.

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Coinbase secures Bermuda licence as frustration with US bubbles up

As CEO Brian Armstrong openly flirts with moving Coinbase out of the US over frustration with the regulatory regime, the crypto exchange has secured a licence to operate in Bermuda.

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P27 Nordic Payments withdraws second clearing application

The future of P27 Nordic Payments (P27), the largest regional, cross-border, instant payment project to be attempted in history, is uncertain.

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EU Parliament votes for new crypto rules

The European Parliament has overwhelmingly voted in favour of the Markets in Crypto-Assets (MiCA) crypto licensing regulations.

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Google to offer app store payment options after antitrust probe

Google has moved to placate UK regulators by offering app developers the freedom to break away from Google Play’s billing system and use alternatives to process in-app payments.