July 27, 2022
CFPB’s Chopra Warns About Real-Time Crypto Payments

The entry of cryptocurrencies into the real-time payments market is a big concern for the Consumer Financial Protection Bureau, its director said. In discussing a broader look at Big Tech’s...

July 26, 2022
Why a Senate Bill’s $50 Tax Exemption Won’t Boost Crypto...

A pair of U.S. senators have introduced a bipartisan bill to exempt low-value cryptocurrency transactions from capital gains tax reporting requirements. Legislation introduced on Tuesday (July 26) by Sen. Pat...

July 25, 2022
Iceland: A Key European Center for Web3 and AML Innovation...

For a country that has a population of less than half a million, Iceland has an impressively diverse tech scene that includes a number of pioneering FinTech players. The country’s...

July 25, 2022
IDEX Biometrics Debuts Payments Cards in Turkey

Due to consumer demand, IDEX Biometrics on Monday (July 25) launched a biometrics payment card program across Turkey that should be in consumers’ hands by the first quarter of 2023,...

July 25, 2022
Banks Pilot Information-Sharing Projects to Reduce Fraud

Financial institutions (FIs) in several countries have begun to launch information-sharing platforms in an effort to better spot fraud and money laundering. Research overseen by the United Kingdom think tank...

July 20, 2022
Crypto Regulation Weekly: Congress Could Challenge Control SEC Seeks With...

All in all, this wasn’t a very good week for Securities and Exchange Commission Chairman Gary Gensler’s fight to win regulatory control over cryptocurrencies. As Gensler was again making the...

July 19, 2022
Crypto Layoffs Hit Compliance Departments

With the crypto industry reeling from huge price drops, a number of companies have begun laying off staff, including in their risk and compliance departments. As the Wall Street Journal...

July 19, 2022
FIs Need Collaboration AND Technology to Win AML War

Popular images of international crime fighting are usually replete with bank heists, gun fights, drug smuggling, and undercover agents in dark suits and shades. But behind every global crime network...

July 18, 2022
UK FinTech Starling Scuttles EU Banking License

Starling Bank, the U.K.-based digital bank, has curtailed its international expansion plans, halting its attempt to win a banking license in Europe. According to media reports Monday (July 18), Starling...