Tagged: regulation

May 31, 2025 @ 3:08 pm By Omar Faridi  |  

The Banco Central do Brasil (BCB) announced a significant update to its regulatory framework, aimed at bolstering financial inclusion and modernizing access to banking services across Brazil. This move reflects the BCB’s ongoing commitment to fostering a more inclusive, efficient, and accessible financial system, particularly… Read More

May 27, 2025 @ 7:59 am By Omar Faridi  |  

The Consumer Financial Protection Bureau (CFPB) has decided to abandon its proposed open banking rule, prompting sharp criticism from the Financial Technology Association (FTA). The FTA, an advocate for fintech innovation, has labeled the move a “handout to Wall Street banks,” arguing it undermines efforts… Read More

May 13, 2025 @ 11:34 pm By Omar Faridi  |  

The financial sector in the US is undergoing a transformative shift, as regulatory challenges that once stifled innovation in digital assets are being addressed with progressive policies and guidelines. According to Chainalysis, a new era is beginning for banks, one where they can explore cryptocurrency… Read More

May 10, 2025 @ 4:07 am By Omar Faridi  |  

The Office of the Comptroller of the Currency (OCC) has recently unveiled a series of transformative updates aimed at strengthening bank supervision and embracing technological innovation, particularly in the realm of cryptocurrency. These changes, detailed in Bulletin 2025-9 and News Releases NR-OCC-2025-43 and NR-OCC-2025-44, reflect… Read More

May 9, 2025 @ 11:06 am By JD Alois  |  

While European Crowdfunding Service Provider regulation (ECSPR) was expected to fuel the growth of online capital formation in Europe, the actual results have been less than stellar. As Eurocrowd explains, the “patchwork” of rules and significant investment needed to support compliance, disclosures, risk management, and… Read More

March 17, 2025 @ 10:00 am By JD Alois  |  

The UK is in regulatory reduction mode. The Chancellor of the Exchequer, Rachel Reeve, is scheduled to meet with top regulators as she pursues a policy of slashing red tape. The goal is to “make Britain the best place to do business and drive economic growth.” It… Read More

February 24, 2025 @ 4:50 pm By JD Alois  |  

The fear of artificial intelligence (AI) becoming self-aware, similar to Sky Net in the eponymous Terminator series, or at least leveraged to manipulate the masses, appears to be driving an onslaught of legislation targeting AI. Multistate, a government relations firm, has published a map tracking AI… Read More

February 23, 2025 @ 5:22 pm By Michael Wong  |  

Vietnam’s Ministry of Finance (MoF) has opposed a proposal by the Ministry of Planning and Investment (MPI) to allow cryptocurrency and digital asset transactions in financial centers starting July 1, 2026, citing the need for further research and regulatory development. The MoF’s stance was outlined… Read More

February 23, 2025 @ 5:18 pm By Michael Wong  |  

The Philippines has been removed from the Financial Action Task Force’s (FATF) grey list after more than three years, following significant progress in strengthening its anti-money laundering and counter-terrorism financing (AML/CTF) framework, the global financial watchdog said. The FATF, which monitors global efforts to combat… Read More

February 12, 2025 @ 8:51 am By Tony Zerucha  |  

A new report from Kraken details the seven trends it believes will shape 2025. They begin with increased regulatory clarity. That is key for improved investor confidence. Kraken said such improvements will drive innovation and growth in the United States. A recent survey found that… Read More

November 27, 2024 @ 10:56 am By JD Alois  |  

The UK initially expected to reveal new rules to manage the burgeoning stablecoin sector of digital assets this year. In recent days, the UK government revealed that stablecoin rules were being pushed back until 2025, but the change will incorporate broader regulations that will enable… Read More

November 4, 2024 @ 10:49 pm By Tony Zerucha  |  

Independent Community Bankers of America (ICBA) president and CEO Rebeca Romero Rainey said the recent CFPB action against VyStar Credit Union highlights an oversight gap in need of urgent attention. VyStar Credit Union was dinged for harming consumers through its botched rollout of a new… Read More

October 30, 2024 @ 9:46 am By JD Alois  |  

American Fintech Council (AFC) has submitted a comment letter in response to the joint Request for Information on Bank-Fintech Arrangements. The interagency RFI includes the FDIC, OCC and Federal Reserve. The letter states that it is important for these agencies to understand that not all… Read More

October 24, 2024 @ 3:46 pm By JD Alois  |  

 SEC Commissioner Mark Uyeda delivered a speech earlier today in Hong Kong where he lauded the availability of alternative assets as contributing significantly to our global economies. These alternative assets include private securities, both debt and equity, as well as crypto assets. Commissioner Uyeda explains:… Read More

June 26, 2024 @ 9:03 am By JD Alois  |  

MiCA, or Markets in Crypto Assets regulation approved by the EU, will soon come into effect. The new regulations aim to create a compliant ecosystem to enable digital asset innovation while protecting consumers and businesses. Today, Bitstamp, a long-established crypto exchange, has announced that it… Read More

June 15, 2024 @ 10:19 pm By Michael Wong  |  

The Securities Commission Malaysia (SC) has released the first edition of the ‘Practical Guide on Venture Capital and Private Equity in Malaysia’ early this week, aiming to clarify the Malaysian policy landscape for fund managers, service providers, and investors in these sectors. The guide provides… Read More

April 28, 2024 @ 12:06 pm By Omar Faridi  |  

More than 220 central bankers and banking supervisors representing over 90 different jurisdictions met on 24–25 April, 2024 in Basel for the 23rd International Conference of Banking Supervisors (ICBS). The ICBS included a program to mark the 50th year of the Basel Committee on Banking… Read More

April 10, 2024 @ 8:44 am By JD Alois  |  

Yesterday, Deputy Secretary of the Treasury Wally Adeyemo testified before the Senate Banking Committee. In prepared testimony, Adeyemo called out digital assets—or crypto—and stated that bad actors are using these assets for nefarious activities. Adeymo said: “As we take steps to cut terrorist groups and… Read More

April 7, 2024 @ 9:15 pm By Michael Wong  |  

The Reserve Bank of India (RBI), the apex banking authority in the nation, is gearing up to unveil a comprehensive framework for a self-regulatory organization (SRO) specifically tailored for the fintech sector. This forthcoming initiative was revealed by Governor Shaktikanta Das during the post-monetary policy… Read More

March 23, 2024 @ 3:48 pm By Omar Faridi  |  

KPMG UK launches the fourth edition of its Financial Services Regulatory Barometer, providing a biannual measure of the regulatory pressure faced by financial services firms in the UK and EU. The latest aggregate Regulatory Impact Score “stands at 7.3 (out of 10), up from 7.2… Read More