Insights Archive

January 31, 2025

Week In Crypto: Binance Hit By Tax Fraud, Money Laundering Probe In France

France opens a criminal probe into Binance, Utah and Arizona move towards investing state funds in Bitcoin, and the Czech central bank also sees a role for Bitcoin in its portfolio.

January 31, 2025

PSR Establishes Five-Point Plan To Drive UK Economic Growth In Payments Sector

In a letter to Prime Minister Keir Starmer, the Payment Systems Regulator (PSR) has set out its deliverables for growth, including action on card fees and infrastructure.

January 30, 2025

BetMGM Fined $260,000 In Pennsylvania For Self-Exclusion Violations

BetMGM will pay a $260,905 fine after reaching an agreement with Pennsylvania gaming regulators over an investigation into allowing more than 150 self-excluded players to wager on the platform.

January 30, 2025

iGaming Debate Remains The Same In Maryland: Tax Revenue Versus Cannibalization

As Maryland lawmakers consider ways to close a multibillion-dollar budget deficit, two bills to raise new tax revenues through legalizing internet casino games are back on the legislative agenda for the second straight year.

January 30, 2025

UK Commission Wants Mandatory Machine Deposit, Time Limits

Gamblers will be required to set deposit and time limits on gaming machines if new proposals from the UK Gambling Commission are approved.

January 30, 2025

Mexican Casinos Win Injunctions In Appeals Court

Last week, several Mexican casino operators were granted injunctions against a November 2023 decree that prohibits granting or renewing licences for slot machines and other casino-style games on the grounds of unconstitutionality.

January 30, 2025

Regulatory Influencer: India To Fight Fraud Using Mobile Number Blacklist

The Reserve Bank of India (RBI) has instructed financial institutions to begin using a real-time mobile number blacklist to tighten up their fraud monitoring and prevention programmes.

January 30, 2025

Nigerian Central Bank To Open New Compliance Department To Escape Greylist

After two years on the Financial Action Task Force (FATF) greylist, Nigeria is stepping up its efforts to address strategic deficiencies in its anti-money laundering regime.

January 30, 2025

Daily Dash: BaFin Fines Islamic Bank €600,000 Over AML Deficiencies

Germany’s Federal Financial Supervisory Authority (BaFin) has levied a €600,000 fine on KT Bank for breaching the German Money Laundering Act and Banking Act.

January 30, 2025

PSR And Bank Of England Commit To Boosting CHAPS Coordination

The UK’s Payment Systems Regulator (PSR) has set out a new framework for coordinating with the Bank of England on the supervision of the CHAPS payment system.

January 30, 2025

German Banks Tell ECB: 'There Is A Need For Improvement' Over Digital Euro

The German Banking Industry Committee has set out what it feels are essential requirements for the successful introduction of a digital euro.

January 29, 2025

Online Casino Bill Advances In Indiana

An Indiana House committee has voted to approve a bill that would permit online casino gaming, as well as double the state’s tax on mobile sports betting.

January 29, 2025

Betsson Aims To Acquire Polish Bookmaker

Sweden-listed operator Betsson has unveiled plans to take full control of Polish bookmaker Fuksiarz, despite a history of enforcement in the market.

January 29, 2025

Belgium Loot-Box Ruling Could Be Bad News For Digital Platforms

Paid loot boxes have been confirmed as illegal by a Belgian court and now Apple faces potential liability for allowing games with them to appear in the country’s App Store.

January 29, 2025

Google To Appeal $12m Fine In Indonesia For Anti-Competitive Payments Practices

Tech giant Google has told Vixio that it will appeal against an antitrust fine in Indonesia that was issued in relation to its payments practices within the Google Play Store.

January 29, 2025

CFPB Passes Responsibility For Enforcement To States

With the Trump administration yet to take any radical steps regarding the future of the US Consumer Finance Protection Bureau (CFPB), the regulator is both carrying on as usual and preparing for a new era.

January 29, 2025

Daily Dash: Jordan Overhauls Payment Services Oversight

The Central Bank of Jordan has introduced two new regulatory updates aimed at payments processors operating in the country.

January 29, 2025

US Congress Probes Debanking Of Crypto Firms

A US House Of Representatives committee has announced it is investigating cases of organisations, including significant crypto players such as Coinbase and Kraken, being debanked based on their political views.

January 28, 2025

Massachusetts, Indiana Take Lead In Debate Over Election Betting Bans

Legislators in two states will consider bills to ban betting on elections, while it remains unclear whether Democratic lawmakers will reintroduce legislation to ban similar wagers following the Republican takeover of the U.S. Congress.

January 28, 2025

Balkan Regulators Meet To Tackle Illegal Gambling

Bulgaria’s National Revenue Agency has said it will meet with fellow Balkan gambling regulators to collaborate on targeting illegal gambling.

January 28, 2025

Regulatory Influencer: CFPB Considering Rules On Big Tech Financial Compliance

The US Consumer Financial Protection Bureau (CFPB) has asked industry stakeholders to provide feedback on strengthening measures to prevent "harmful surveillance" in digital payments, particularly those offered through big tech platforms.