Insights Archive

January 27, 2022

Switzerland Emerging As Model For Regulating Crypto, Says Expert

Although regulatory responses around the world vary greatly, Switzerland stands out as the country that has struck the right balance when it comes to regulation. By contrast, the United States has emerged as the most aggressive cop on the beat.

January 27, 2022

Klarna Launches Physical Credit Card In The UK

UK consumers can now use Klarna’s buy now, pay later service on a physical credit card for online and in-store purchases.

January 27, 2022

BIS Outlines Innovation Hub Priorities

Payments, central bank digital currencies, decentralised finance (DeFi) and green finance are the key issues that the Bank for International Settlements (BIS) Innovation Hub will focus on in 2022.

January 27, 2022

IMF Pushes For El Salvador To Drop Bitcoin

The International Monetary Fund (IMF) has called on El Salvador to reverse its decision to grant Bitcoin legal status, citing the “large risks” in using the currency.

January 27, 2022

Game Changer' Comes To Louisiana With Launch Of Online Betting

The chairman of the Louisiana Gaming Control Board could barely contain his excitement on Wednesday as he talked about the impact online sports betting will have on his state when wagers commence on Friday morning.

January 27, 2022

European Commission Asked To Bust Austrian Monopoly

An Austrian trade group representing international operators is asking the European Commission to tear down the country’s gambling regime.

January 27, 2022

Genesis Global Fined £3.8m For Social Responsibility Failures

Genesis Global, which had its licence suspended for several months in 2020, has been fined £3.8m by the UK Gambling Commission, given a warning and ordered to undergo further extensive auditing.

January 27, 2022

U.S. AML Regulators Seek Guidance On Sharing Suspicious Activity Reports

A new rule being proposed by the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) would allow casinos to share suspicious activity reports with their foreign resorts, subsidiaries and affiliates to strengthen efforts to combat money laundering.

January 27, 2022

Sweden To License B2B Companies, Ban Promotion Of Illegal Gambling

The Swedish government is planning to license gambling software companies, ban the promotion of illegal gambling and tighten marketing restrictions to protect children and the vulnerable.

January 26, 2022

Ich Liebe Digitale? Post-Pandemic Germany Embraces Electronic Payments

Analysis: VIXIO does a deep dive into Germany’s fast-evolving payments landscape as experts discuss, among other things, how COVID-19 is steering this famous cash-loving nation towards digital payments.

January 26, 2022

Singapore And Indonesia Join Forces Towards Payments Harmonisation

The two Asian countries are planning to strengthen their collaboration on projects related to payments innovation as interest grows towards harmonising their regulatory frameworks.

January 26, 2022

U.S. SEC Gensler Considers Updating Cybersecurity Rules

Gary Gensler, chairman of the U.S. Securities and Exchange Commission (SEC), has said his agency is looking at ways to modernize cybersecurity rules applicable to public companies and SEC registrants.

January 26, 2022

Brussels Dodges Decision On Payments Account Directive Interpretation

The European Commission has said interest rates are not payment account fees and so do not need to comply with criteria in the Payment Accounts Directive, but ultimately this is a matter for the Court of Justice of the European Union.

January 26, 2022

Google Pushing Offshore Operators Harms Dutch Market, Says Trade Group

The Dutch Online Gambling Association (NOGA) is “gravely concerned” people in the Netherlands are being shown unlicensed operators when they use Google to search for “online casinos”.

January 26, 2022

Merkur Out Of ICE Conference; Novomatic 'Monitoring' Developments

Merkur Gaming Group, the second-largest ICE London exhibitor, has said it is pulling out of the gambling conference due to concerns about COVID-19, the conference’s proximity to Easter and the impact of Brexit red tape.

January 26, 2022

UAE To Allow Gaming As Wynn Resorts Plans Casino Project

One of the seven sheikdoms in the United Arab Emirates (UAE) will allow gambling and has created a regulatory agency to oversee a multi-billion-dollar integrated-resort casino to be operated by Wynn Resorts.

January 25, 2022

EBA Publishes Yet More SCA Q&As

From invoices to API functionality, the European Banking Authority (EBA) has updated its latest answers to questions concerning strong customer authentication (SCA).

January 25, 2022

Australia Eyes Up Open Finance Possibilities

Following the success of the Consumer Data Right in the banking sector, Australia’s government has confirmed that it is now aiming to take on open finance.

January 25, 2022

Brazilian PIX Keys Exposed For Second Time In Six Months

Brazilians have experienced yet another security incident that has exposed personal data linked to the popular instant payment service PIX, the second time in six months.

January 25, 2022

Open Banking To Fix U.S. Credit Card Market

The Consumer Financial Protection Bureau is turning its eye to the credit card market to uncover anti-competitive practices and is planning to rely on its open banking regulatory power to address this.

January 25, 2022

Ohio Regulators Prepared For Heavy Workload On Sports-Betting Rules

Ohio’s top gaming regulator has said that although the state’s newly passed sports-betting legislation may be unique, the law provides a clear roadmap for operators to understand how to access the new market.