EMEA Daily: G-7 Countries Want Crypto Regulated

In today’s top stories from Europe, the Middle East and Africa, financial leaders from the G-7 countries call for regulations on cryptocurrency following the stablecoin collapse.

Also, Swedish online betting service Bettson comes to the U.S. with the help of Nuvei, and Israel-based accounts receivable (AR) automation system Gaviti forms a partnership with accounting, financial, HR and payroll firm Sage.

G-7 Calls for ‘Consistent and Comprehensive’ Crypto Regulation

At their meeting in Germany this week, financial leaders from the Group of Seven countries (G-7) said the Financial Stability Board must develop “consistent and comprehensive” regulations for cryptocurrency.

Officials pointed to the recent collapse of the Terra stablecoin and the resulting chaos in the crypto markets.

“In light of the recent turmoil in the crypto-asset market, the G7 urges the FSB (Financial Stability Board) … to advance the swift development and implementation of consistent and comprehensive regulation,” finance ministers and central bankers from the G-7 industrialized countries said in a statement.

Nuvei Helps Swedish Sportsbook Betsson Launch in U.S.

Payments platform Nuvei is working with Swedish gaming company Betsson Group to launch its online sportsbook in the U.S.

According to a news release, Betsson has set up shop in Colorado under the name Betsafe and will use Nuvei’s instant bank transfer tool to let players instantly make deposits to their gaming accounts directly from their bank accounts.

“Players will also benefit from instant withdrawals, which enable them to receive their winnings straight into their bank account in real-time, 24/7,” the release said.

Gaviti, Sage Team on AR Automation

Israel-based accounts receivable (AR) automation system Gaviti is working with accounting, financial, HR and payroll firm Sage to better manage invoices.

The collaboration will see Graviti integrating its account with the Sage Intacct cloud management system to allow customers of both companies to streamline their user collection processes and improve their overall cash flow.

Fraud Tech Firm Tovera Debuts NFT Verification Tool

Anti-fraud firm Tovera has debuted a new platform to combat NFT fraud, designed to help creators, markets and collectors identify fraudulent content with indexing and matching.

To date, Tovera Match has indexed 70 million NFTs on the Ethereum and Polygon blockchains and plans to do more.

Tovera Match can be used for free with the platform, known as FNFTF.io. It will be available through an application programming interface (API) to help provide authentication for NFT markets, as well.