Insights Archive

January 11, 2023

EBA Drops Ten New PSD2 Q&As (Part 2)

Following Tuesday's instalment, VIXIO rounds up the remaining clarifications made by the European Banking Authority (EBA) in its latest set of Q&As on the revised Payment Services Directive (PSD2).

January 11, 2023

’Is This The Beginning Of The End’ For Crypto, Asks Banque De France Exec

A top official at the Banque de France has published a new article in which he questions whether crypto can recover from the “spectacular blow-ups” of 2022. Meanwhile, banking executives on opposing sides of the debate weigh in.

January 11, 2023

Fed Will Not Be ’Climate Policymaker’, Powell Says

US Federal Reserve chair Jerome Powell said it would be inappropriate for the Fed to use its existing mandates to step in on environmental issues.

January 11, 2023

US Payments: What To Watch In 2023

2023 is expected to be a significant year for US payments with the launch of the Federal Reserve’s instant payment system and the release of its open banking rule. Legislative activity in the crypto space is also likely to heat up, Durbin’s credit card bill will be brought back to Congress and consumer protection issues will again take centre stage on the regulatory agenda.

January 11, 2023

Ohio Regulator Says Affiliate Marketers Central To Responsible Gaming Concerns

Ohio has immediately become perhaps the most aggressive U.S. state to date in enforcing responsible gambling protections through sanctions, and the regulator’s executive director said Tuesday that much of that conversation revolves around affiliate marketers.

January 11, 2023

German Regulator Refers Cases For Criminal Prosecution

Germany’s newly empowered gambling authority has said regulators have filed more than 60 prohibition orders and referred more than 30 cases for criminal prosecution.

January 11, 2023

New Year, Same Wait For Brazil's Sports-Betting Regulation

Recent changes to Brazil's tax codes and comments from an outgoing senior official would suggest that regulations for sports betting are imminent, but legal experts are advising caution as a new presidential administration takes office.

January 10, 2023

PSR Responds To TSB Warning On APP Fraud Reimbursement Threshold

The UK’s Payment Systems Regulator (PSR) has responded to claims made by TSB Bank that new rules on reimbursement for authorised push payment (APP) fraud will exclude a significant number of victims.

January 10, 2023

EBA Drops Ten New PSD2 Q&As (Part 1)

The European Banking Authority (EBA) has issued a new set of clarifications regarding the revised Payment Services Directive (PSD2). This first of two insights, which VIXIO is looking at over the next two days, focuses on fraud loss liability, different business models for regular payments and safeguarding of funds.

January 10, 2023

Pending Dutch Ad Ban Needs Clarification, Says Advisory Body

The Dutch government’s regulatory advisory body has warned that a raft of proposed advertising restrictions “have not been sufficiently elaborated”.

January 10, 2023

U.S. Adoption Of Cashless Wagering Driven By Changes To Consumer Preferences

Although vintage slot machines that accept coins can still be found on a few casino floors in the U.S., the move to cashless gaming is set to continue in 2023 driven by the effects of the coronavirus pandemic and changes in consumer preferences.

January 10, 2023

Treat Crypto Like Gambling, Says ECB Official

Trading in unbacked digital assets should be treated by regulators like gambling, according to a leading European banker.

January 10, 2023

Italian Gambling Concessions Extended

Italy’s betting, bingo, slots and online gaming concessions have been extended by a year after they were set to expire at the end of 2022.

January 9, 2023

UPDATE: J.P. Morgan To Face Lawsuit Over Loss Of $272m From Ray-Ban Maker’s Account

A US judge has ruled that J.P. Morgan must face a lawsuit that seeks to hold the bank liable for the loss of $272m from the account of a Thailand-based Ray-Ban manufacturer.

January 9, 2023

Indian Court Tells Google To Pay 10 Percent Fine Deposit For Appeal To Be Heard

An Indian appellate court has ordered Google to deposit 10 percent of two penalty fines that it received for abuse of its position before it will grant its motion to appeal.

January 9, 2023

Treat Crypto Like Gambling, Says ECB Official

Trading in unbacked digital assets should be treated by regulators like gambling, Fabio Panetta has said in his latest intervention.

January 9, 2023

TikTok To Enable Instant Account-To-Account Payments On Platform

TikTok parent ByteDance has partnered with J.P. Morgan to build a real-time payments infrastructure as the firm looks to leverage local instant clearing systems to reduce costs and enhance user experience.

January 9, 2023

Ukrainian Industry Calls For State Monitoring Of Gambling Amid Tax Hike Fears

A trade group representing gambling operators in Ukraine is calling on the government to accelerate plans for an online monitoring platform to forestall the activation of a higher tax rate.

January 9, 2023

Chile's Economy Commission Begins Online Gambling Bill Discussions

Chile’s bill to legalise online gambling took a step forward last week as the Chamber of Deputies' Economy Commission began to evaluate the project.

January 9, 2023

Ireland Could Restrict Gambling Ads In Sport, Say Researchers

Ireland needs a targeted focus on higher-risk groups of the population such as sports players in its pending legislation, according to the Economic and Social Research Institute.

January 9, 2023

Problem Gambling Prevention Funding Focus Of U.S. State Lawmakers

In 2023, lawmakers in several states will consider proposals to increase funding for problem gambling or prioritize treatment services as they deal with the impact of new forms of legalized gambling on their communities, including sports betting and casino gaming.