Tagged: regulations

April 7, 2025 @ 6:26 pm By Omar Faridi  |  

Nearly three-quarters of financial technology startups fail within their first three years due to preventable regulatory compliance issues, according to a new industry report. The research study, released by Los Angeles-based Hare Strategy Group, analyzed five years of data from over 400 fintech ventures and… Read More

March 3, 2025 @ 8:15 am By Tony Zerucha  |  

While political priorities come and go, strong compliance practices should remain constant. Done properly, Marqeta’s chief compliance officer Alan Carlisle said they are a competitive advantage. Carlisle offers more than 25 years of compliance experience with Marqeta (NASDAQ:MQ), SoFi, banks, broker-dealers, crypto firms, and venture… Read More

February 23, 2025 @ 7:57 pm By Michael Wong  |  

Hong Kong Exchanges and Clearing (HKEX) will overhaul its settlement fee structure from June, introducing a flat fee of 0.0042% per stock transaction in a bid to balance costs across different trade sizes, the bourse operator said. Under the current system, HKEX charges a minimum… Read More

January 17, 2025 @ 8:40 am By JD Alois  |  

The Financial Technology Association (FTA) has sent a letter to the Federal Deposit Insurance Corporation (FDIC) telling them to modify rules designed to address custodial deposits. The letter was sent in response to proposed rulemaking on the accounts. The FTA says it supports the FDIC’s… Read More

December 20, 2024 @ 7:45 pm By Michael Wong  |  

The Indian government is set to introduce a comprehensive legislative framework aimed at curbing the rise of illegal lending applications, the New Indian Express reported. The Department of Financial Services under the Ministry of Finance has drafted a bill that imposes severe penalties on individuals… Read More

November 25, 2024 @ 10:56 am By Nick Morgan  |  

Jennifer Schulp from the Cato Institute on Financial Services and Regulation In a recent episode of Capital Ideas, Nick Morgan and Dara Albright of the Investor Choice Advocates Network (ICAN) welcomed Jennifer Schulp, Director of Financial Regulation Studies at the Cato Institute. Schulp, co-author of Financing Opportunity: How… Read More

October 22, 2024 @ 11:15 am By Omar Faridi  |  

The UK’s Financial Conduct Authority (FCA) has recently shared a comprehensive update on crypto-asset registrations processes, which are said to be focused on building strong foundations. The FCA noted in its extensive update that quite often, they are asked about the number of companies they… Read More

June 9, 2024 @ 6:29 pm By JD Alois  |  

Last month, the SEC Small Business Capital Formation Advisory Committee (SBCFAC) told the Commission to make the definition of an Accredited Investor more inclusive. This is not the first time the Committee has advised the Commission to update the definition and make it more rational… Read More

May 21, 2024 @ 8:37 am By Omar Faridi  |  

The Digital Identity Regulation has reportedly entered into force. This means that the solution will become available by 2026. A digital ID and personal digital wallet for EU citizens, residents and businesses should help with enabling more frictionless experiences in an online environment. As noted… Read More

May 20, 2024 @ 3:12 pm By Omar Faridi  |  

The Federal Trade Commission (FTC) released its Fiscal Year 2023 Annual Report outlining the agency’s work to protect consumers and promote competition. FTC Chair Lina M. Khan said: “The FTC is focused on ensuring that American consumers, workers, and entrepreneurs can enjoy honest markets and… Read More

May 19, 2024 @ 9:32 am By Omar Faridi  |  

Mark Branson, President of the German Federal Financial Supervisory Authority (BaFin), warns against trying to pay for the green and digital transformation of the European economy by weakening capital requirements. Branson said at the BaFin’s conference in Frankfurt am Main on 14 May: “Otherwise we… Read More

March 30, 2024 @ 10:37 am By Omar Faridi  |  

To ensure a “trusted” and secure digital identity for all Europeans, the European Council adopted a new framework for a European digital identity (eID). Mathieu Michel, Belgian Secretary of State for digitization, administrative simplification, privacy protection and the building regulation: The adoption of the European… Read More

March 29, 2024 @ 7:58 am By Omar Faridi  |  

The UK’s HM Treasury is reportedly considering or looking into possibly making changes to its existing Anti-Money Laundering and Counter-Terrorist Financing (AMLCFT) framework. This may potentially mean that service providers of non-fungible token (NFT) trading platforms could get added within the applicable regulatory framework. At… Read More

February 20, 2024 @ 12:30 pm By Omar Faridi  |  

Crowdfund Insider recently caught up with Kadan Stadelmann, a blockchain developer, operations security professional, and Komodo Platform’s CTO. As a side note, Komodo, a blockchain interoperability and atomic swap technology leader, recently rebranded its flagship end-user application from “AtomicDEX” to “Komodo Wallet” and its “AtomicDEX… Read More

January 24, 2024 @ 3:28 pm By JD Alois  |  

The Financial Institutions & Monetary Policy Subcommittee, part of the House Financial Services Committee, has scheduled a hearing on banking regulation. The hearing is entitled Rules Without Analysis: Federal Banking Proposals Under the Biden Administration. While there is no information regarding the specifics of the… Read More

January 14, 2024 @ 5:42 pm By Michael Wong  |  

Reserve Bank of India (RBI) Governor Shaktikanta Das refuted claims that new digital lending guidelines would hinder fintech growth, asserting instead that investor confidence in the sector has risen since their implementation. Speaking at the Mint BFSI conclave in Mumbai, Das highlighted the positive impact… Read More

January 1, 2024 @ 6:41 pm By Omar Faridi  |  

If 2023 has demonstrated anything, it is the “remarkable resilience” of the crypto industry despite “reputational and regulatory challenges,” according to an update from Bitfinex. So as we head into 2024, the analysts at Bitfinex foresee “the number of global cryptocurrency owners to rocket up… Read More

December 17, 2023 @ 6:17 am By Michael Wong  |  

The Association of Chief Audit Executives of Banks in Nigeria (ACAEBIN) has urged for tougher regulations in the fintech sector and the operations of Bureaux de Change. This call was made by ACAEBIN Chairman, Prince Akamadu, during the association’s 57th quarterly general meeting in Lagos…. Read More

December 12, 2023 @ 9:35 am By Michael Wong  |  

The State Bank of Pakistan (SBP) has launched a “regulatory sandbox” framework, issuing preliminary guidelines to foster innovation in the financial technology (Fintech) sector. This initiative, part of the central bank’s Vision 2028 strategy, aims to create a more collaborative regulatory environment for startups and… Read More

December 11, 2023 @ 8:45 am By Michael Wong  |  

The European Union (EU) is set to significantly expand the powers of the European Central Bank (ECB), entrusting it with the oversight of risks associated with climate change and the burgeoning digital asset market. This sweeping update, detailed earlier this week, positions the ECB at… Read More