The United Kingdom’s economic and finance ministry, HM Treasury, is proposing rules for banks to combat “unfair bank account closures.” The proposed rules are meant to protect freedom of expression, HM Treasury said in a Thursday (July 20) press release. “The government has stepped in to address...
The U.K. Treasury has gone back on a new rule regarding practices related to data collection for unhosted wallets, according to a report published Monday (June 20). The HM Treasury report said there were mixed views on the requirement that crypto businesses must collect, but...
In today’s top payments news around the world, Xoom is now offering clients in the U.S., Canada, Europe and U.K. the ability to send secure funds to 12 countries in Africa for a reduced fee, while Volante Technologies Inc. is accelerating market convergence for the...
The United Kingdom’s economic and finance ministry, HM Treasury, seeks input on the challenges that the sharing economy creates for value-added tax (VAT). In a document titled “VAT and the Sharing Economy: Call for Evidence,” the ministry notes that a number of sharing economy platforms...
October 17, 2024
The U.K. government said Thursday (Oct. 17) that it aims to provide buy now, pay later (BNPL) users with many of the protections provided by other consumer credit products. It has launched a consultation on proposals to bring BNPL companies under the supervision of the Financial Conduct Authority (FCA) and apply the Consumer Credit Act, […]
July 20, 2023
The United Kingdom’s economic and finance ministry, HM Treasury, is proposing rules for banks to combat “unfair bank account closures.” The proposed rules are meant to protect freedom of expression, HM...
June 20, 2022
The U.K. Treasury has gone back on a new rule regarding practices related to data collection for unhosted wallets, according to a report published Monday (June 20). The HM Treasury...
December 09, 2020
The United Kingdom’s economic and finance ministry, HM Treasury, seeks input on the challenges that the sharing economy creates for value-added tax (VAT). In a document titled “VAT and the...
