Insights Archive

September 1, 2023

Week In Crypto: Binance Sheds More Partnerships As Visa, Mastercard Retreat

Mastercard terminates its debit card partnership with Binance, Binance urges customers to dump its BUSD stablecoin, and X stokes speculation of a crypto payments platform readying for launch.

September 1, 2023

UK Regulator Says Wise Breached Russian Sanctions

HM Treasury’s Office of Financial Sanctions Implementation has found that UK payment firm Wise allowed a designated person to make a £250 cash withdrawal in breach of Russian sanctions.

September 1, 2023

Daily Dash: Card Schemes Reportedly Mulling Credit Card Fee Increase

Visa and Mastercard are reportedly planning to increase credit card fees that US merchants pay, Klarna has announced positive results, but is still not profitable, and Mastercard Send has been selected to power instant cash-outs for traders in APAC.

September 1, 2023

Estonian Bank Penalised With €900,000 Fine Over AML Failures

Estonia’s financial watchdog has blamed rapid growth for deficiencies in LHV Pank’s anti-money laundering (AML) controls.

September 1, 2023

RGB Managing Director Bailed In Malaysian Corruption Probe

Leading Malaysian gambling company RGB International has been implicated in a political bribery scandal, with its managing director out on bail and a cloud forming over a number of company directors.

September 1, 2023

News In Brief: August 28-September 1, 2023

Caesars and Rush Street have been fined in Iowa over illegal prop bets and Fanatics forges ahead with its PointsBet acquisition.

September 1, 2023

News In Brief: August 28-September 1, 2023

Caesars and Rush Street have been fined in Iowa over illegal prop bets and Fanatics forges ahead with its PointsBet acquisition.

August 31, 2023

Summer Surge As UK Open Banking Surpasses 11m Milestone

More than 11m payments were made using open banking technology last month, Open Banking Limited has announced, more than double the same time last year.

August 31, 2023

MEP Accuses Austria Of Non-Compliance With EU Sanctions Regime

In a written letter to the European Commission, a member of the European Parliament (MEP) has claimed that Austria is “flouting” the EU’s sanctions regime.

August 31, 2023

Apple Pay Later Passes On Australia, Citing ’Regulatory Challenges’

One of Apple’s top executives has confirmed that the company has no immediate plans to launch its buy now, pay later product in Australia, despite an ongoing wipeout of local firms from the market.

August 31, 2023

Daily Dash: US Watchdog Takes First Enforcement Action Over NFT Offering

The US banking watchdog has charged a California-headquartered media company over a 2021 non-fungible token (NFT) offering, while Klarna has announced that half its employees are now using ChatGPT Enterprise and the US consumer regulator has reached a proposed settlement agreement with credit repair brands over illegal fees.

August 31, 2023

U.S. Gaming Industry's Acceptance Of Cryptocurrency Behind Europe, Asia

There are still relatively few U.S. states where gaming regulators have adopted rules that allow for the limited use of cryptocurrencies, a decision that has been attributed to the volatility of virtual currencies themselves.

August 31, 2023

Chilean Court Blocks Attempt To Dismiss Investigations Into Online Betting Platforms

A battle to legalise online gambling in Chile continues to be waged in court, with Santiago’s Eighth Court of Appeals rejecting a request to dismiss cases brought against online operators alleging their illegality.

August 31, 2023

New York Board Answers First Batch Of Casino Licensing Questions

New York’s casino selection board released a lengthy question-and-answer document on Wednesday regarding the selection process for three new casino licenses that can be placed in and around New York City.

August 31, 2023

Romanian Government Targets Gambling To Tackle Budget Deficit

Romania’s government is proposing a raft of changes to its gambling laws, including increasing fees and introducing new requirements for online licensees.

August 30, 2023

Spanish Central Banker Highlights Digital Euro Risks

A senior official at the Banco de Espana has erred on the side of caution in a recent speech on the digital euro, stressing that the financial stability of the EU’s banks must be prioritised.

August 30, 2023

US Treasury, IRS Publish Long-Awaited Tax Reporting Rules For Crypto Transactions

The US Treasury and the Internal Revenue Services (IRS) have proposed a new set of regulations that would significantly increase reporting requirements for firms that handle digital asset transactions.

August 30, 2023

The Only Way Is Up For Germany’s Girocard

Germany’s girocard has reported double-digit increases in transactions in H1 2023, and remains the country’s top card payment method, according to its latest results.

August 30, 2023

Sports-Betting Advertising Banned In Ecuador

Ecuador President Guillermo Lasso has signed a regulatory decree under a national communications law to ban sports-betting advertising, provoking uproar from the nation's football clubs.

August 30, 2023

Marathon Not A Sprint To Resume Sports Betting In Florida

It has been almost two years since the Seminole Tribe accepted its last sports wager, and despite a landmark court victory in June, it may take another two years before sports betting resumes in Florida — if at all.

August 30, 2023

Ontario Regulators Affirm Ban On Athletes In Online Gaming Advertising

Ontario gaming regulators have finalized new rules prohibiting the use of active or retired athletes, as well as other celebrities, from appearing in advertisements for online sportsbook operators.