Insights Archive

January 16, 2025

Daily Dash: FDIC Signals More 'Open-Minded' Approach To Emerging Tech

A top official at the US Federal Deposit Insurance Corporation (FDIC) has said banks are likely to be given more freedom to experiment with emerging payments technologies under the incoming Trump administration.

January 16, 2025

Nigeria Aims To Leverage Remittance Flows With New Non-Resident Accounts

The Central Bank of Nigeria has approved two new types of financial accounts that aim to tap into remittance flows and help stimulate the local economy.

January 16, 2025

MEP Raises Concerns Of Musk Market Manipulation Amid MiCA Implementation

Elon Musk, the billionaire X and Tesla owner and key player in the incoming US administration, has become a cause for concern in Brussels, with an EU lawmaker questioning whether his actions are legal under EU law.

January 16, 2025

CFPB Flags Buy Now, Pay Later Risks For High-Balance Borrowers

A new report from the US Consumer Financial Protection Bureau (CFPB) reveals increasing reliance on buy now, pay later services among consumers, particularly those with high unsecured debt balances and subprime credit scores.

January 16, 2025

UK Commission Chief Promises Seismic Supplier Action

Upcoming action against the UK black market could be so forceful it compels fellow national regulators to follow suit, the chief executive of the Gambling Commission has predicted.

January 15, 2025

American Gaming Association CEO Seeks Larger Federal Crackdown On Offshore Sites

The strength and resilience of the offshore sports-betting market remains a major issue for the U.S.' regulated gaming industry that so far has unsuccessfully lobbied federal law enforcement agencies to crack down on illegal websites.

January 15, 2025

Intralot Inks $5m Settlement To End DC Fraud Investigation

Intralot and its Washington DC-based subcontractor will pay a combined $6.5m to settle allegations that the two companies misrepresented their compliance with the District of Columbia's contracting laws.

January 15, 2025

Brazilian Market Faces Back-Tax Threat

The newly-launched Brazilian market faces a dual threat in the shape of potential back-taxes for formerly offshore operators in addition to a selective consumption tax that has no cap.

January 15, 2025

Dutch Regulator Issues €1.275m Fine To Winning Poker Network

The Netherlands Gambling Authority (KSA) has fined Winning Poker Network €1.275m over what it says are repeated violations of the country’s gambling laws.

January 15, 2025

Regulatory Influencer: India Consults on Data Protection Rules: A Data Protection Regime at Last?

India’s Ministry of Electronics and Information Technology is currently seeking feedback on its draft Digital Personal Data Protection Rules, along with an explanatory note that will implement the requirements of the Digital Personal Data Protection Act, which was passed in August 2023 and has not yet entered into force.

January 15, 2025

Singapore Regulators Under Pressure Following Exposure Of Citizen ID Numbers

Singapore's Ministry of Finance has initiated a review of the government’s handling of National Resident Identity Card data, following complaints that unnecessary exposure of the data may have helped to fuel scammers.

January 15, 2025

Daily Dash: New York, UK Regulators Set To Exchange 'Senior Experts' In Emerging Payments

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

January 15, 2025

Daily Dash: Bank Of England To Launch Digital Pound Lab In 2025

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.

January 15, 2025

CFPB Takes On T&Cs With New Free Speech Rules

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.

January 14, 2025

Outgoing CFTC Chair Says Exchanges Should Not Be Mistaken For Gambling

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.

January 14, 2025

Virginia Governor Backs Bill Creating Gaming Commission

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.

January 14, 2025

The Netherlands Cracks Whip On Advertising

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

January 14, 2025

Daily Dash: Bank Of Lithuania Launches Payment Service Fee Comparison For Small Businesses

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.

January 14, 2025

Daily Dash: Nepal Tightens Rules For Payments Firms With New Directive

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.

January 14, 2025

Interpol Issues First Ever Silver Notice — A New Asset Recovery Initiative

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

January 14, 2025

Italy To Build TIPS Replica For The Balkans

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.