Insights Archive

January 17, 2022

EU’s Retail Payments Strategy To Focus on Instant Payments This Year, Experts Suggest

The EU’s push for instant payments looks set to continue dominating Brussels’ payments agenda this year, but will more concrete policies be unveiled?

January 17, 2022

Swiss Test Integrates Wholesale CBDC Into Core Banking Systems

As part of Project Helvetia, the Swiss National Bank and five commercial banks have integrated a wholesale central bank digital currency (CBDC) in their existing back-office systems and processes.

January 17, 2022

U.S. Regulators To Step Up Their Crypto Enforcement In 2022

Congress is unlikely to legislate crypto in the U.S., but there is likely to be increased enforcement activities from regulators that was not expected, experts tell VIXIO.

January 17, 2022

Swedish Stakeholders Concerned Over Black Market Plan

The two Swedish gambling trade groups support the proposals of the Ministry of Finance’s to combat match-fixing and unlicensed gambling, but both are concerned the strategy will not achieve its aims.

January 14, 2022

Week In Brief - January 14, 2022

A short roundup of some of the week's payments news you may have missed. This week we look at a new initiative between U.S. banks to issue a stablecoin, the highest valued UK payments start-up, J.P. Morgan's latest actions to improve cross-border payments through blockchain, and the latest GDPR guidance on data breach notifications.

January 14, 2022

’No Convincing Case’: House Of Lords Dismisses UK CBDC

The creation of an official UK digital currency could lead to a run on the banks during economic downturns, a bipartisan committee of peers has warned.

January 14, 2022

Norway Coming In From The Cold As NOK Becomes NPC Scheme Currency

The Nordic Payments Council (NPC) has added the Norwegian krone (NOK) as a scheme currency after P27 exiter Norway took a strategic step to use the Nordic payment scheme.

January 14, 2022

Hong Kong’s Stablecoin Proposal Sets High Bar To Compliance

This week, the Hong Kong Monetary Authority issued a new discussion paper looking at what the regulatory approach to crypto-assets and stablecoins should be, causing concern for some in the process.

January 14, 2022

Macau Amendments Back Six Operators, Ten-Year Concessions

Macau’s next era of casino gaming will see a maximum of six operators holding ten-year concessions, according to a government summary of draft legal amendments announced late Friday.

January 14, 2022

Ireland Online Safety Bill First Step In Updating Digital Regulations

Ireland’s government is publishing its long-awaited Online Safety and Media Regulation Bill, saying it will be the first in a series of regulatory updates including its forthcoming gambling bill to update the country’s laws for a digital age.

January 14, 2022

German Fan Group Calls For Crackdown On Gambling-Sports Links

A German fan organisation is calling for stricter regulation of football’s links to sports betting, saying clubs have had “far too much emphasis on profit” and not enough consideration of the potential for gambling addiction.

January 14, 2022

Two-Front Gambling War Rages In Florida As Seminoles Defend Turf

Already battling DraftKings and FanDuel on internet sports betting, the Seminole Tribe of Florida has launched a vigorous counterattack this week against the largest commercial casino company in the world, Las Vegas Sands.

January 14, 2022

News In Brief: January 10-January 14, 2022

Gambling fees rise in Belarus, a Virginia bill would make bonuses taxable and Star Entertainment faces a growing regulator investigation.

January 13, 2022

UK BNPL Regulations In Place By Year End, Say Experts

With UK buy now, pay later (BNPL) regulations looking set to be adopted by the end of the year, legal experts tell VIXIO what we can expect from a new potential framework.

January 13, 2022

UPDATE: TIPS Announces Latest Round Of Participants

The pan-European TARGET Instant Payment Settlement (TIPS) platform has announced 45 payment service providers have joined the platform as part of plans to ensure instant payments are fully reachable across the EU.<br />

January 13, 2022

Merchants Call On Fed’s Powell To Complete Overdue Debit Card Regulations

The Merchants Payments Coalition is pushing the U.S. Federal Reserve’s renominated chair Jerome Powell to iron out overdue debit card routing and swipe fee regulations.

January 13, 2022

Deadline Set For Girocard Take-Over

Germany’s payment scheme Girocard to close it e-purse card function GeldKarte by the end of 2024, the Federal Association of Public Banks has announced.

January 13, 2022

Oklahoma Lawmaker Calls For Legalization Of Tribal Sports Betting

Another attempt to legalize sports betting at tribal casinos in Oklahoma has begun after a new bill was filed in the state legislature, as the tribal gaming industry’s top lobbyist suggests tribes are willing to at least consider the issue.

January 13, 2022

Crown Resorts Welcomes Blackstone's Boosted Takeover Offer

Crown Resorts’ ownership limbo has taken a major step toward resolution with its board unanimously backing a fourth Blackstone Group offer to buy out the company.

January 13, 2022

Betting Companies Will Not Be Allowed FA Cup Streaming, Report Says

Betting companies will not be allowed to stream live FA Cup matches when the Football Association next sells TV rights, according to a UK media report.

January 13, 2022

European Lottery Data Reveals COVID-19 Impact

European Lotteries members' total gross gaming revenue decreased 11.0 percent in 2020 to €27.2bn, after several years of growth, as the lottery sector dealt with the fallout of COVID-19 restrictions.