Archived Insights

Regulators in London and New York have introduced a secondment programme for staff with a background in emerging payments technology and digital assets.

The Bank of England has announced plans to launch the Digital Pound Lab, a financial innovation sandbox designed to explore the feasibility and potential of a UK-issued central bank digital currency.

The US Consumer Financial Protection Bureau (CFPB) has proposed a new rule intended to prevent companies using contract clauses to erode fundamental freedoms and bypass legal protections.

The outgoing chairman of the U.S. agency tasked with regulating derivatives markets has warned against the continued blurring of lines between financial markets and gambling.

As he begins his final year in office, Republican Governor Glenn Youngkin has urged the Virginia General Assembly to work with him on a variety of issues where they can find common ground, including passing a bill to establish a new gaming commission.

The Netherlands Gambling Authority (KSA) has handed out seven warnings to operators who have violated its advertising regulations.

The central bank’s new comparison website for small businesses is intended to enable them to compare standard fees for commonly used payment services in one place.

Nepal Rastra Bank has introduced significant regulatory updates for microfinance institutions with the release of a new circular targeting microfinance institutions, including money transfer services and payment providers.

The International Criminal Police Organisation (Interpol) has issued its first ever Silver Notice, in an effort to strengthen asset recovery activities across member states.

A letter of intent to establish an instant payment system in the Balkan region of Europe represents a significant step towards financial integration and alignment.

Thailand’s Cabinet has approved and will send to parliament a draft Integrated Entertainment Business Act that would legalise integrated resort casino operations, while the government doubles down on its desire to regulate online gambling.

The first Swedish influencer could be convicted of promoting illegal gambling after they were taken into custody last week.

New Jersey’s licensed gaming operators would be mandated to disclose their businesses in other jurisdictions under a new rule being considered by state regulators.

The US consumer protection watchdog is seeking input on strengthening measures to prevent what it says is "harmful surveillance" in digital payments, particularly those offered through large technology platforms.

As technology grows more sophisticated, financial criminals are adapting their methods accordingly. On November 11, 2024, as part of the Treasury Department’s efforts to address technological risks, the US Financial Crimes Enforcement Network (FinCEN) issued an alert to assist financial institutions in identifying and combating fraud schemes involving deepfake media created with generative artificial intelligence (AI) tools. According to the alert, in the previous two years, “FinCEN has seen an increase in suspicious activity reporting by financial institutions describing the suspected use of deepfake media in fraud schemes targeting their institutions and customers."

A spokesperson for the European Securities and Markets Authority has confirmed to Vixio that unauthorised stablecoins cannot be offered to the public under the Market in Crypto-Assets regulation (MiCA).

Lawmakers in Rwanda have approved two pieces of legislation that aim to strengthen the country’s anti-money laundering (AML) framework and align it more closely with that of regional partners.

The EU’s digital payments framework is neither accountable nor supported by data, and problems persist with open banking and IBAN discrimination, the European Court of Auditors has warned in a highly critical new report.

Italy’s €4bn lottery concession is up for tender once again, with major operators believed to be circling one of the world’s most lucrative national lottery contracts.

Michigan regulators have issued a summary suspension order to the Churchill Downs-owned TwinSpires platform for continuing to operate advance deposit wagering on horseracing in the state despite an order to cease operations. 

Canada's attempt to create a national framework for regulating sports-betting advertising is “effectively wiped out”, Massachusetts regulator approves a $10,000 penalty to Penn Sports Interactive and the UAE issues a gaming-related vendor licence to Miami-based Xpoint Tech.