Insights Archive

November 15, 2023

When Is A Stablecoin 'Significant' Under MiCA? Not For A While, Says EBA

The European Banking Authority (EBA) has published its draft standards on what defines a "significant" stablecoin under the Markets in Crypto-Assets (MiCA) regulation, explaining the roles of supervisory colleges, custodians, trading platforms and other entities.

November 15, 2023

Fintech Groups Suggest Tweaks To EU Payments Rules

Fintech lobbyists have shared a variety of views with the European Commission regarding its payments package, pushing for legislators to make changes in areas such as enforcement and contingency.

November 15, 2023

Using Data To Make Payments Count: Vixio Speaks With Intix, FIS

In this joint interview, Vixio speaks with Intix's Antoine Cuypers and FIS' Guy Moons about the challenges and opportunities facing the financial services industry in transaction data management.

November 15, 2023

Daily Dash: Mastercard, NEC Expand Biometric Checkout Program To APAC

Mastercard has announced plans to launch its pay by face technology in APAC, Lloyds has issued an urgent warning against crypto scams, and Fnality has raised £77m for blockchain payments ventures.

November 15, 2023

East Timor Announces Plan For Online Gambling Licensing Hub

The Southeast Asian nation of Timor-Leste (East Timor) has formally announced its ambition to become an online gambling regulatory and licensing hub, with the nation’s Nobel laureate, President Jose Ramos-Horta, endorsing the strategy.

November 14, 2023

ESPN BET Launch Ends Lengthy Journey Into Sports-Betting Space

The new ESPN BET venture will launch in 17 states Tuesday, officially marking the belated arrival of one of the biggest players in the U.S. sports world into the sports-betting space.

November 14, 2023

Brazilian Football Clubs Hit Back At Senate's Advertising Restrictions

Brazil’s leading football teams have voiced strong exception to the advertising amendment attached to a sports-betting bill last week by the Senate’s sports committee that would ban gambling sponsorships, penning a letter protesting the restrictions.

November 14, 2023

Trade Associations Raise Concerns About MiCA/PSR Misalignment

Trade associations have warned that the EU’s proposed Payment Services Regulation (PSR) and updated directive (PSD3) clash with requirements for e-money issuers in the Markets in Crypto-Assets (MiCA) regulation.

November 14, 2023

Daily Dash: Malaysia's PayNet Launches Cross-Border Service For Alipay+ Users

Malaysia has launched cross-border QR code links with regional Alipay+ wallets, Thailand has confirmed a major digital cash handout scheme for 2024, and China has signed a fintech regulatory agreement with its autonomous territories.

November 14, 2023

Kenyan Gambling Bill Will Hit Unlicensed Operators

Kenyan authorities have launched new legislation in a bid to crack down on unlicensed and underage gambling in the country.

November 13, 2023

Brazilian States Joining Online Betting Licensing Game

The state of Paraiba has followed Rio de Janeiro and Paraná in opening a local licensing system for online betting, as Brazilian states seek to fill a void left by delays in implementing a federal regulatory regime.

November 13, 2023

Artificial Intelligence Set To Play Significant Role In Identifying Problem Gamblers

Online gaming companies are looking to artificial intelligence to help them take a more personalised approach to preventing players from developing a gambling addiction, with one possibility being individualised messages via chat boxes based on the player's specific play patterns.

November 13, 2023

Daily Dash: Klarna Avoids Going To Court In 'Pay In 4' US Class Action

Klarna has avoided a class action in the US thanks to a line in its terms and conditions, Block has withdrawn a Cash App licence in Ireland, and Wise has paused new business customer onboarding.

November 13, 2023

Canadian Conservatives Propose Open Banking Law

Conservative lawmakers in Canada have introduced a bill to move ahead with the implementation of open banking, accusing the government of "dragging their feet".

November 13, 2023

UK To Introduce Stablecoin Rules 'As Soon As Possible' In 2024

UK regulators have set their sights on 2024 to introduce new regulation for fiat-backed stablecoins. Although the rules have yet to be confirmed, they could have serious implications for stablecoin issuers.

November 13, 2023

Philippines To Probe Executive Agencies After Latest POGO Raid

The Philippine justice department is probing fellow government agencies over allegations that foreign workers at offshore-facing online gambling companies (POGOs) or service providers are securing “authentic” identification documents meant for Filipinos.

November 10, 2023

Fast Growing UK Operators To Find Themselves Under The Microscope

Mid-sized gambling operators that are growing fast should expect the eye of the UK gambling regulator to fall on them in the coming months, its CEO has warned.

November 10, 2023

Curaçao To Start Accepting Online Gambling Licence Applications

Curaçao’s Gaming Control Board will begin accepting online gambling licence applications on November 15, with the promise that applications will “seamlessly” transition from the current regime to a new gambling law planned for next year.

November 10, 2023

Week In Crypto: SEC Throws Down On Binance Motion To Dismiss

The Securities and Exchange Commission (SEC) insists it will see Binance in court, Congress attempts to reduce the SEC chairman’s salary to $1, and a US government bill seeks to blacklist Tether.

November 10, 2023

US Consumer Financial Protection Bureau Fines Citi $25.9m For Armenian Discrimination

The US Consumer Financial Protection Bureau (CFPB) has fined Citi $25.9m for singling out Armenian Americans based on their surnames when they applied for credit cards.

November 10, 2023

Daily Dash: Block To Cut 1,000 Staff By End Of 2024

US fintech giant Block has revealed plans for sustained job cuts through 2024, India has mooted Japan as the next country to link up with its instant payments system, and Hong Kong is bringing e-CNY to Octopus payments.