United Kingdom

Bank of England Calls for Tougher Crypto Rules
Bank of England Calls for Tougher Crypto Rules
July 05, 2022  |  Cryptocurrency

England’s central bank says that a recent $2 trillion drop in the value of cryptocurrencies shows the market needs stricter regulations. As the Financial Times...

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TikTok Drops Livestream Shopping Plans in US, Europe
TikTok Drops Livestream Shopping Plans in US, Europe
July 05, 2022  |  eCommerce

TikTok is dropping plans to expand its livestream shopping venture TikTok Shop in the U.S. and Europe after the venture failed to find an audience...

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Balancing Profit, Sustainability Can Woo UK Millennials, Gen Z Customers From High Street Banks
Balancing Profit, Sustainability Can Woo UK Millennials, Gen Z Customers From High Street Banks
July 05, 2022  |  Digital-First Banking

Eighty-four percent of the entire U.K. population still banks with the top seven high street banks, which include the “Big Four” clearing banks: Barclays, Lloyds,...

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US and Britain: Two Separate Nations Now Joined by Common Digital Shopping Habits
US and Britain: Two Separate Nations Now Joined by Common Digital Shopping Habits
July 04, 2022  |  Retail

As Americans celebrate 246 years of independence from British rule, cultural, political, and commercial ties between the two nations remain strong. One thing that continues...

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Weekly TechREG EMEA: EU Agrees on Crypto Regulation With Strict Controls on Stablecoins; EU Banking Regulator Proposes Standard APIs To Boost Open Banking 
Weekly TechREG EMEA: EU Agrees on Crypto Regulation With Strict Controls on Stablecoins; EU Banking...
July 01, 2022  |  Regulation

This week the most notorious development in the TechREG space is the agreement reached by EU institutions on the scope of the regulation that will...

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EMEA Neobank Weekly: Newcomers Seek to Differentiate as UK Grants Fresh Licenses
EMEA Neobank Weekly: Newcomers Seek to Differentiate as UK Grants Fresh Licenses
July 01, 2022  |  Digital-First Banking

This week in the news, the U.K is to get two new neobanks as Ashman and Kroo are granted licenses. Ashman has been issued a...

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UK Seeks Guidance on New Open Banking Roadmap, Regulator
UK Seeks Guidance on New Open Banking Roadmap, Regulator
June 29, 2022  |  Bank Regulation

Last week, on June 24, the U.K. Financial Conduct Authority (FCA) and the Payment Systems Regulator (PSR) issued two different statements about the future of...

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UK BNPL Regulation Unlikely Before Mid-2023
UK BNPL Regulation Unlikely Before Mid-2023
June 21, 2022  |  BNPL

The U.K. government announced on Monday, June 20, plans to tighten rules on the Buy Now, Pay Later (BNPL) sector aimed at protecting users —...

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UK Expands Interest-Free Emergency Loans to Needy
UK Expands Interest-Free Emergency Loans to Needy
June 19, 2022  |  Loans

The U.K. No Interest Loans Scheme (Nils), backed by the treasury, will now be expanded to reach up to 20,000 people, a report says. Nils...

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