Politics, Legal & Regulation

Policy and regulations impacting innovations in Finance.

Mixed Bag in Autumn Budget as Chancellor Rachel Reeves Says Taxes Will Rise. Fintech Insiders Comment.

The Chancellor of the Exchequer, Rachel Reeves, revealed the Autumn Budget today, and for those anticipating multiple tax increases, the statement did not disappoint. Reeves said the government is “doubling down on its plans and the economic and fiscal strategy it set last autumn.” While… Read More

Judopay CEO: Calls on UK Government to Support Fintech Development, Seeks Collaboration on AI, Payments and Stablecoins

With the Autumn Budget being presented today, Judopay CEO Anant Patel is calling upon the UK government to recognize the importance of Fintech for the UK economy. Patel sees a need for collaboration in the Fintech sector that will “create jobs and wealth, supporting social… Read More

FCA Executive Outlines Crypto Approach, Reveals Stablecoin Regulatory Sandbox

FCA executive director for payments and digital assets, David Geale, delivered a speech today addressing the evolving regulation of crypto, including stablecoins. Geale said they intend to create a trusted market while supporting innovation in the crypto sector. Geale declared the UK is “open for business”… Read More

MFSA Aims to Strengthen Malta’s Islamic Finance Ecosystem with Shariah-Compliant Fund Framework

The Malta Financial Services Authority (MFSA) has released a revised Guidance Note for Shariah-Compliant Funds, reinforcing Malta’s growing position as a hub for Islamic finance. This MFSA also noted that the revision comes after an extensive review meant to enhance the overall clarity as well… Read More

SEC Investor Advisory Committee Schedules December Meeting, Will Discuss Tokenization, Announces Director of the Office of the Investor Advocate to Exit Position

The Securities and Exchange Commission (SEC), Investor Advisory Committee has scheduled its next meeting to take place on December 4th. The meeting will host two panels of interest. First, a discussion about changes in corporate governance; second, a discussion of the tokenization of securities. The… Read More

Debanking Emerges Again with Claims Regarding JP Morgan Chase Cancelling Accounts

Mr. Potter Banker Banking (1)

The practice of “debanking” has emerged once again, with reports that JP Morgan (NYSE:JPM) is pursuing the discriminatory practice. Debanking was prevalent during the Biden years. Effectively, banks would sever relationships with individuals or entities deemed unsavory for political views or activities out of favor… Read More

High Earners Continue to Flee UK Due to Taxes: Report

On the eve of the Chancellor’s Autumn statement, which is expected to see increases in various taxes, including a rise in capital gains tax, a recent report highlights the number of people fleeing the UK to avoid the ever-growing burden on high earners.  This is… Read More

SitusAMC Data Breach Hits Big Banks Like JP Morgan, Citi More

The SitusAMC data breach has banks scrambling to assess the damage. The hack has hit big banks like JP Morgan, Citi, and Morgan Stanley as client data has allegedly been pilfered. Reportedly, the breach was uncovered on November 12th, and the Federal Bureau of Investigation… Read More

Embedded Insurance Firm Says Autumn Budget Needs Freeze in Tax, More Regulatory Clarity

Ross Sinclair, CEO and founder at embedded insurance firm EIP, has shared his hopes for the Insurtech sector and possible policy changes announced in the Chancellor of the Exchequer’s Autumn Statement. The budget will be revealed by Chancellor Rachel Reeves this Wednesday. Some Fintech insiders are concerned… Read More

CEO of DECTA UK Says Autumn Statement Needs to Introduce Drastic Reforms

The Autumn Statement will be delivered by the Chancellor of the Exchequer, Rachel Reeves, this Wednesday. Much of the speculation surrounding the budget proposal swirls around rising taxes and support for specific programs. The Labour government inherited a challenging economy with declarations of a “fiscal… Read More

Trinidad and Tobago Passes Crypto Bill Ahead of FATF Review

Trinidad and Tobago’s parliament passed legislation to regulate cryptocurrencies and the firms that provide related services, according to local reports. The vote, however, came after a chaotic debate in which opposition lawmakers said they were forced to argue over a bill that had been effectively… Read More

India’s Central Bank Stays Cautious on Crypto as it Reviews Financial Rulebook

India’s central bank is taking a “very cautious” stance on cryptocurrencies and stablecoins, arguing that their volatility and potential to bypass safeguards could threaten financial stability, Reserve Bank of India (RBI) Governor Sanjay Malhotra said. Malhotra’s remarks, delivered in a memorial lecture at Delhi School… Read More

US House of Representatives Pass Resolution Condemning Socialism

The US House of Representatives has passed a resolution condemning socialism. The ideology is on the rise in the US, having become popular on certain college campuses and, more recently, with the election of New York City Mayor Zohran Mamdani, a socialist who believes the… Read More

Association for Financial Markets in Europe Says UK Must Lead Blockchain Based Capital Markets

The Association for Financial Markets in Europe (AFME) says the UK must lead in the development of distributed ledger technology (DLT) capital markets. Otherwise known as blockchain, in a recent statement, AFME noted that “without a clear national vision and urgent coordinated action, the UK… Read More

Telcoin Obtains Approval to Operate as Digital Asset Depository Institution

Telcoin has secured final regulatory approval from the Nebraska Department of Banking and Finance to operate as the nation’s first chartered Digital Asset Depository Institution (DADI). The approval reportedly marks one of the first times a state has granted a full banking charter specifically designed… Read More

More Brits Predicted to Flee the UK Following Autumn Statement as Taxes Expected to Rise

The Autumn Statement, the UK’s budget update, is just around the corner. Chancellor of the Exchequer Rachel Reeves is expected to deliver Labour’s vision for the economy, which may include a host of tax increases. Thought to be on the table include increases in capital… Read More

Blockchain: SEC Director Comments on Trust, Trustless Assets

Jamie Selway, the SEC’s Director of the Division of Trading and Markets, delivered a speech today on trust and trustless access, directly addressing the rise of digital assets and blockchain technology—the speech was presented in New York at the SIFMA Market Structure Conference. Selway shared… Read More

Ondo Finance Secures EU Approval for Tokenized Stocks and ETFs

Ondo Finance has received formal regulatory approval in the European Union, clearing the way for its tokenized versions of stocks and exchange-traded funds (ETFs) to be offered legally across the entire EU and European Economic Area (EEA). The green light broadens the potential investor base… Read More

Bitso Reports Crypto Adoption Accelerating in Latin America

Latin America is having a “breakthrough” year in regard to crypto adoption. This is according to the Latam digital asset platform Bitso. Bitso cites data from a recent Coinchange regulatory report stating that Latin American crypto usage increased by 116% in 2024 and by 65%… Read More

OCC: Banks are Good to Hold Crypto

In a stark reversal from the Biden administration, the Office of the Comptroller of the Currency (OCC) has issued a statement that chartered banks may hold crypto. During the Biden years, the government took a distinctly hostile stance toward digital assets and innovation in general…. Read More

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