Insights Archive

April 7, 2022

Ghana Advances Plans To Digitise Gambling

Ghana's Gaming Commission has seized more than 500 illegal analogue slot machines, as the country continues to push towards a more digital economy.

April 6, 2022

Singapore Government Responds To Payments And Crypto Questions

Hot off the heels of new financial services legislation, Singapore’s finance minister and chief of the Monetary Authority of Singapore has responded to queries from lawmakers regarding crypto sanctions compliance and payment licence exemptions.

April 6, 2022

European Commission Launches Digital Euro Consultation

Brussels’ has begun to pave the way for EU legislation to accommodate a retail central bank digital currency, as the European Central Bank’s project continues to take shape.

April 6, 2022

FinAccel Becomes First Fintech To Acquire Indonesian Bank

Parent company of Kredivo, Indonesia’s largest buy now, pay later (BNPL) provider, has launched a new assault on the market with the acquisition of Bank Bisnis.

April 6, 2022

M&A Surge Going Nowhere, Experts Predict

Buy now, pay later (BNPL) mergers and acquisitions are expected to continue to surge as the market matures; however, payments insiders are split on whether it has proved too late for the banks to get involved.

April 6, 2022

Brazil Levels Playing Field With Tighter Rules For Large Fintechs

New Brazilian fintech regulations require large payment firms that engage in deposit-taking and lending to meet the same standards as traditional banks.

April 6, 2022

Norway Orders Gambling Ads Pulled From Discovery Channels

The Norwegian Media Authority has ordered television distributors in the country to remove gambling advertising from Discovery channels such as Eurosport Norway, a decision the media company said it may appeal.

April 6, 2022

Federal Regulation Required For U.S. Gaming Industry To Embrace Digital Currencies

The Biden administration’s order directing federal agencies to coordinate efforts to regulate digital currencies has been welcomed by those in the gaming industry who believe regulators need a federal framework to feel comfortable with cryptocurrencies as a form of payment.

April 5, 2022

New Powers For Payments Oversight Coming For Singapore

Singapore’s government has set out to parliament how the city-state will amend its financial services law, including new compliance requirements for payments services and crypto-assets.

April 5, 2022

Finally! UK Government Unveils Crypto Plans

Stablecoins are to be recognised as a valid form of payment and the Royal Mint is making a non-fungible token, HM Treasury has announced.

April 5, 2022

Request To Pay Innovations To Kick Off In 2022

Pay.UK is set to launch three new features for the request to pay overlay service later this year, which is expected to help give a competitive edge to payment providers, reduce fraud and aid struggling small and medium-sized enterprises.

April 5, 2022

Footballers Banned From UK Gambling Ads Under Tougher Rules

Leading footballers will be banned from marketing gambling products under new rules designed to curb their appeal to young people, a UK advertising body has announced.

April 5, 2022

India Seizes $54m From Lottery Mogul Santiago Martin

India’s economic crimes agency has seized 4.1bn rupees ($54m) in bank account and mutual fund holdings controlled by notorious “Lottery King” Santiago Martin. The latest salvo in a decades-long battle between law enforcement and the gaming mogul.

April 5, 2022

Ontario Ends Grey-Market Status With Historic Online Gaming Launch

A new era of online gaming in Canada officially launched on Monday as 13 approved operators went live in Ontario with regulated sports betting and online casino offerings.

April 5, 2022

Greek Watchdog Backs Online Casino Boost

Revenues for Greece's thriving online market passed €700m for the first time in 2021, as the gambling regulator recommended to government that a hike in the maximum online casino stake would benefit the market still further.

April 5, 2022

Swedish Treasury Targets Black Market, Duty Of Care

Sweden’s State Treasury has called for more action against unlicensed operators and for consumer protection measures to be bolstered.

April 4, 2022

G7 Nations Need Common Crypto Regulations, Says Bank Of Japan Official

Stablecoins are in the crosshairs as policymakers focus on sanctions busters, while Japan’s central bank digital currency study forges ahead.

April 4, 2022

Malaysia Unveils Plans To Study CBDCs, Rejects Proposal To Make Bitcoin Legal Tender

Malaysia’s central bank has published a new report outlining plans to study both wholesale and retail central bank digital currencies (CBDCs) for a range of use cases, while debate rages over digital assets.

April 4, 2022

Crypto Players Express Disappointment Following Brussels’ Travel Rule Vote

New transfer rules have been voted through by members of the European Parliament (MEPs), igniting frustration among the crypto industry who feel like they are being unnecessarily targeted.

April 4, 2022

Crypto Mining Investment Shows Bitcoin’s Potential Green Future

Despite a widespread assumption that Bitcoin mining is bad for the environment, there are many factors that could one day lead it to be encouraged rather than denounced by regulators.

April 4, 2022

UK’s Rapid Scam Response Scheme Prevents Over £200m In Attempted Fraud

UK Finance has said that its Banking Protocol rapid scam response scheme has prevented tens of thousands of people from becoming victims of fraud since 2016.