Insights Archive

March 22, 2024

Week In Crypto: OKX Delists Tether In Europe, Shuts Down In India

OKX removes Tether trading for European users, Nigeria pursues access to Binance’s transaction data, and a survey finds that a significant number of Canadians have used crypto to pay a ransomware attacker.

March 22, 2024

Daily Dash: Denmark Joins TIPS And TARGET2

Denmark has become the first non-euro country to join the TIPS and T2 payment systems, and the UK’s Greggs bakery chain has announced that its systems have been restored following a nationwide point of sale outage.

March 22, 2024

Hyperledger Adds New Members, Launches Financial Services Working Group

The Hyperledger Foundation, which is developing enterprise-grade blockchain technologies, has added new members and formed a new working group to develop features for enterprise users based on open-source Ethereum blockchain software.

March 22, 2024

News In Brief: March 18-March 22, 2024

A new president for the Swedish gambling regulator, Maryland refuses to take up online casino legislation, Rush Street is reportedly considering a sale and a study says casino cannibalization is a myth.

March 22, 2024

Queensland Passes Tough, Far-Reaching Casino Control Amendments

Australia's Queensland state legislature has passed a comprehensive upgrade to casino control legislation, introducing strict impositions in response to an external review into Star Entertainment Group’s compliance failures.

March 21, 2024

DC Lawmaker Proposes Sports-Betting Expansion

Legislation is set to be introduced in Washington, D.C this week that would open up the city's mobile sports-betting market to multiple private operators.

March 21, 2024

Dutch Regulator Wants To Masquerade As Real Players

The Netherlands Gambling Authority plans to conduct “mystery shopping” at licensed operators, as it warns that industry excesses are still fanning the flames of political discontent.

March 21, 2024

UK Gambling Commission Outlines Approach To Evaluating White Paper Changes

The UK's Gambling Commission has outlined its approach to evaluating the impacts of the Gambling Act Review, promising to assess changes as a package and some individually.

March 21, 2024

Swift To Develop Australia's Confirmation Of Payee

The global inter-banking system has been selected to build the Confirmation of Payee system in Australia.

March 21, 2024

UK Government Timetable For Open Banking Rollout Imminent, Says Minister

A UK minister has suggested that a state-backed timetable for the rollout of open banking has been finalised and will be published within one or two weeks.

March 21, 2024

Daily Dash: Sweden's Swish Launches Self-Scanning Service

A new self-scanning service in Sweden will allow shoppers to avoid waiting in line to checkout, and the UK’s Lloyds Bank has warned that impersonation scams are on the rise.

March 21, 2024

Portuguese Antitrust Watchdog Fines SIBS Group €13.8bn For Breaking Competition Law

The Autoridade da Concorrência has fined the SIBS Group for forcing card issuers and acquirers seeking to access the SIBS Group's payment schemes to also contract its processing services.

March 21, 2024

Indian Celebrities In Firing Line Over Illegal Gambling Ads

Indian celebrities who promote illegal online sports betting may now find themselves in legal peril, with the national anti-money laundering enforcer reportedly probing at least 40 Bollywood names.

March 20, 2024

Colorado Considers Gaming Tax Increase, License Fees Rise In California

Whether to raise taxes on gaming revenue or approve higher licensing fees are two issues state gaming regulators are dealing with in Colorado and California.

March 20, 2024

Minnesota Sports-Betting Bill Sponsor Gains Charitable Gaming Support

The Allied Charities of Minnesota has reached an agreement with the House sponsor of a sports-betting bill that will see them support the measure in exchange for additional tax relief that will assist charities that rely on financial support from charitable gaming.

March 20, 2024

Brazilian Influencers Under Investigation For Illegal Gambling Promotion

Beauty and lifestyle influencers in Brazil’s Amazonian state of Acre are under investigation for promoting illegal gambling.

March 20, 2024

ASA Removes Lootbox Ads, But Academic Warns There Are Hundreds More

The UK’s advertising watchdog has banned three separate social media ads for games that failed to disclose that they included loot boxes, after they were flagged by an academic.

March 20, 2024

Paytm's UPI Lifeline Pays Off After New Permission Granted

The operator of India’s Unified Payments Interface (UPI) has granted Paytm a new permission to serve as a third-party application provider, securing continued access to the network for Paytm customers.

March 20, 2024

ECB Launches Workstreams To Draft Digital Euro Rulebook

The European Central Bank (ECB) is establishing seven new workstreams to assist in drafting various sections of its rulebook for a potential digital euro.

March 20, 2024

Open Banking Is Caught In A Quagmire, Warns Future Of Payments Architect

Open banking has the potential to solve a lot of issues in UK payments, the Future of Payments review author Joe Garner said during Pay360. However, he pointed out that there needs to be changes before this happens.

March 20, 2024

Daily Dash: EU Instant Payments Regulation Enters Official Journal

Key regulation on instant payments in the EU has gone live, and the UK Financial Conduct Authority has praised the Consumer Duty initiative in its latest annual business plan.