Regulation - page 23

Articles

Biden’s student loan forgiveness 

President Biden has recently announced a three-part initiative to help students cover their debts. The plan includes loan forgiveness of up to $20,000. What does that mean for you, and how can you apply for the relief – read below

Finance & Economics

ECB raises interest rates by historic 0.75 point as recession gets nearer

European Central Bank intensifies its efforts to combat inflation while Europe’s economic situation worsens

Blockchain & Crypto

UK includes crypto exchanges in sanctions breaches reporting

Crypto exchanges operating in the UK will be required to report on sanctions breaches in the wake of Russia’s war in Ukraine

Science & Technology

Instagram fined €405M over children’s privacy

EU privacy regulators came to a decision on a long-running complaint over Instagram’s handling of children’s sensitive data 

Fintech & Ecommerce

MPs request ‘Big Bang’ deregulation to accelerate fintech growth

The group of British MPs calls for the government to broaden its open banking model to facilitate fintech growth 

News

South Korean central bank may allow ICOs again

The Bank of Korea shared its views on ICOs, stablecoins and protecting innovation: a possible ban lift is to come 

News

Singapore to tighten retail crypto trading rules

Despite numerous warnings and limiting measures, Singaporeans are increasingly trading crypto, MAS ponders tightening retail crypto trading policies with “customer suitability tests”

Finance & Economics

Japan considers tax reforms to encourage crypto startups

Reforms in the Japanese tax system would boost domestic innovation in the virtual currency sector

News

India dismisses American Express ban

American Express once again got the green light to onboard new customers in India

News

SEC could charge $1 billion over bankers’ WhatsApp messages

SEC is investigating the cell phone use of Wall Street executives and employees: private messages should not discuss investment terms, client meetings and other business

Finance & Economics

UN urges to restrict crypto in developing countries

UN Conference on Trade and Development (UNCTD) released three policy briefs on the dangers of the rising use of cryptocurrency in developing countries

News

Working group that will determine the future of UK open banking now has a leader

UK regulators have started forming a strategic working group (SWG) to formulate the future of open banking

5G

Tech giants should share telecom network costs: France, Italy and Spain urge

France, Italy and Spain are urging legislation that ensures Big Tech firms partly finance telecom infrastructure in EU

Finance & Economics

Big banks get fined over customer ID and opening fake accounts

SEC and CFPB charged leading US banking institutions over deficient customer identity programs and opening unauthorized accounts

News

UK to regulate stablecoins

UK government will regulate stablecoins according to the recently published Financial Services and Markets Bill

News

ECB lifts rates to tame inflation

The European Central Bank (ECB) raised interest rates by 50 basis points trying to control inflation in the eurozone