Legacy data sets holding back FI AML compliance teams
Banking

Legacy data sets holding back FI AML compliance teams

7d | By Aoife Morgan, Journalist

Legacy data sets holding back FI AML compliance te...

The fast-pace changes taking place in the anti-money laundering (AML) regulatory landscape, partially prompted by the scale of money laundering scanda...

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EU anti-money laundering proposals already pushing crypto business away, warn advisors
Asset management

EU anti-money laundering proposals already pushing crypto business away, warn advisors

2m | By Aoife Morgan, Journalist

EU anti-money laundering proposals already pushing...

Financial sector advisors are warning that the European Commission’s plans to crack down on the crypto sector, bringing crypto exchanges and service p...

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BoE’s CBDC director: Stable coins need to offer 'equivalent protection' to paper money
Payments

BoE’s CBDC director: Stable coins need to offer 'equivalent protection' to paper money

3m | By Aoife Morgan, Journalist

BoE’s CBDC director: Stable coins need to offer 'e...

As central banks explore the use of stable coins, the introduction of digital currencies “would have to offer equivalent protection to existing pools ...

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Crypto regulation could give UK competitive edge post-Brexit
Banking

Crypto regulation could give UK competitive edge post-Brexit

3m | By Tom Lemmon, Reporter

Crypto regulation could give UK competitive edge p...

The UK has a “golden opportunity” to become the crypto centre of the world post-Brexit, but regulators must act quickly to provide a safe framework fo...

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Cross-border interoperability will be a key test for CBDCs, BIS and BoE specialists warn
Banking

Cross-border interoperability will be a key test for CBDCs, BIS and BoE specialists warn

3m | By Jeremy Chan, Journalist

Cross-border interoperability will be a key test f...

Internationalisation of CBDC a major design consideration Read More...

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Bitcoin surge prompts new warnings from regulators
Payments

Bitcoin surge prompts new warnings from regulators

8m | By Jeremy Chan, Journalist

Bitcoin surge prompts new warnings from regulators

Regulators issued fresh warnings on investing in cryptocurrencies after Bitcoin skyrocketed to a new all-time high last week. The UK’s Financial Condu...

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ECB wants crypto alternative
Banking

ECB wants crypto alternative

12m | By Leanna Reeves, Journalist

ECB wants crypto alternative

Last week European Central Bank (ECB) president Christine Lagarde announced the central bank’s ambition to implement a digital euro. Lagarde’s stateme...

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Interest in cryptos grows as retail investor look to benefit
Payments

Interest in cryptos grows as retail investor look to benefit

1y | By Leanna Reeves, Journalist

Interest in cryptos grows as retail investor look ...

In March, market disruption caused by the pandemic followed a drop in the price of cryptocurrencies – including Bitcoin, which lost half of its ...

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Crypto exchanges welcome traditional bank relationships
Banking

Crypto exchanges welcome traditional bank relationships

1y | By Emma Olsson, Reporter

Crypto exchanges welcome traditional bank relation...

Relationships between cryptocurrency institutions and traditional banks will bolster crypto’s legitimacy, market participants predict. “It appears the...

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IRS solicits contractors to crack down on crypto tax evasion
Trading & brokering

IRS solicits contractors to crack down on crypto tax evasion

1y | By Shannon Moyer, Journalist

IRS solicits contractors to crack down on crypto t...

The IRS is evolving its efforts to crack down on crypto tax non-compliance, recruiting independent contractors obtain cryptocurrency transactions data...

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Report: Crypto industry divides over 5AMLD
Payments

Report: Crypto industry divides over 5AMLD

2y | By Emma Olsson, Reporter

Report: Crypto industry divides over 5AMLD

Crypto businesses face a wake-up call following the European Union’s fifth Anti-Money Laundering Directive’s (5AMLD) January 10 deadline, ...

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Banks looking for regulatory clarity before joining Libra
Insurance

Banks looking for regulatory clarity before joining Libra

2y | By Rebekah Tunstead, Reporter

Banks looking for regulatory clarity before joinin...

Addressing regulatory uncertainty will be necessary before banks look to join Facebook’s Libra Association, according to David Marcus, head of C...

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Crypto chief: Centralised digital currencies could deter corruption

Crypto chief: Centralised digital currencies could deter corruption

2y | By Emma Olsson, Reporter

Crypto chief: Centralised digital currencies could...

The ability to program digital currencies could grant central banks greater control over the monetary system, according to co-founder of cryptocurrenc...

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Ripple builds liquidity capabilities
Banking

Ripple builds liquidity capabilities

2y | By Michael McCaw, Editor

Ripple builds liquidity capabilities

US-based Ripple is ramping up its instant liquidity capabilities in a bid to stand out in the increasingly competitive cross-border payments sphere, a...

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Bitcoin futures market heats up
Banking

Bitcoin futures market heats up

2y | bobsguide

Bitcoin futures market heats up

Bitcoin futures have been trading for almost two years now – but the marketplace for those trades has been a relatively quiet one. Both the deri...

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Chinese crypto “no surprise”
Payments

Chinese crypto “no surprise”

2y | By Alex Hamilton, Reporter

Chinese crypto “no surprise”

News that a Beijing-backed digital currency is in the offing comes as no shock to the market, according to Daniel Scott, CEO at CoinCorner. “Chi...

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UK’s anti-crypto stance “aggressive and outmoded”
Asset management

UK’s anti-crypto stance “aggressive and outmoded”

2y | By Alex Hamilton, Reporter

UK’s anti-crypto stance “aggressive and outmoded”

The Financial Conduct Authority (FCA)'s proposed crypto-derivatives ban is aggressive and outmoded, according to Townsend Lansing, chief...

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Facebook-backed Libra cryptocurrency facing regulatory battle
Insurance

Facebook-backed Libra cryptocurrency facing regulatory battle

2y | By Alex Hamilton, Reporter

Facebook-backed Libra cryptocurrency facing regula...

Facebook-supported virtual currency Libra has faced regulatory scrutiny following its unveiling earlier this week, driven by what blockchain and crypt...

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