Insights Archive

June 8, 2022

Jamaican Lawmakers Approve CBDC Rollout

The Bank of Jamaica has been given the seal of approval by Jamaica’s Senate to issue a central bank digital currency (CBDC) as legal tender locally.

June 8, 2022

US Banks May Pay For Zelle Fraud As Lawsuits Mount

As five US banks square up to class actions over their handling of fraud cases on the popular Zelle payment service, hundreds of other participants in the network could also become embroiled as potential litigants.

June 8, 2022

UPDATE: EU Adopts 6th Package Of Russian Sanctions, Targets Oil For First Time

The European Commission has announced that it has adopted a sixth package of sanctions against Russia, following an agreement in principle last week.

June 8, 2022

EPI Chief Tells EU Regulators: Put Your Money Where Your Mouth Is

Martina Weimert, the European Payments Initiative (EPI) chief executive, let her feelings be known loud and clear about the EU authorities pushing for the pan-EU payments project, telling them that the private sector cannot be the only ones footing the bill.

June 8, 2022

Apple Enters BNPL Arena, Launches New POS Solution For Merchants Using iPhone

Apple’s iOS 16 operating system is almost here, and its latest version of the Apple Wallet app is set to come with a buy now, pay later (BNPL) surprise.

June 8, 2022

Japan To Mull Sports-Betting Expansion, Says Report

The Japanese government is again considering expansion of the sports-betting market, with a ministerial proposal to be discussed in detail at a sports policy conference next month, the Yomiuri Shimbun newspaper reported on Tuesday.

June 8, 2022

Ontario Regulator Urges Operators To Stay Within Advertising Standards

Officials from Ontario’s gaming regulator sought to make it clear Tuesday that operators should stop testing the boundaries of the province’s advertising restrictions.

June 8, 2022

DraftKings Boss Confident California Initiative Will Pass, Eyes 2023 Launch

DraftKings is eyeing further expansion into California, Texas, North Carolina and its home state of Massachusetts, but does not expect to raise additional capital before it reaches profitability, according to CEO Jason Robins.

June 8, 2022

LeoVegas Investigated In Sweden Over Possible Insider Trades

LeoVegas has been contacted over what the company calls a “preliminary investigation” and a Swedish newspaper calls a “raid” by the Swedish Economic Crime Authority because of suspected insider trading.

June 7, 2022

EBA Plots Licence Withdrawal For Serious AML Breaches

Proposed new rules would formalise the ability for European authorities to recommend to national counterparts to remove the licence of financial firms that breach regulations, while evidence suggests that this could hit payment firms the hardest.

June 7, 2022

Japan Takes Lead In Stablecoin Regulation As Bill Passes Through Parliament

Japan has become one of the first advanced economies to introduce a legal framework for stablecoins, amid renewed focus from regulators following the collapse of TerraUSD.

June 7, 2022

India Opens Up Bharat Bill Payment System To Smaller Non-Bank Users

A new amendment to India’s Bharat Bill Payment System guidelines means that smaller non-bank entities will now be eligible to join.

June 7, 2022

Americans Lost $1bn To Crypto Scams, FTC Says

US consumers reported losing more than $1bn to fraud involving cryptocurrencies from January 2021 through to March 2022, new analysis from the Federal Trade Commission (FTC) has found.

June 7, 2022

European Prosecutor Hails Improved Fraud Action, But Acknowledges More Needs To Be Done

The first year of operations of the European Public Prosecutor’s Office shows that it is working well, the authority has said, as it calls on member states to up their game.

June 7, 2022

MAS Expands Customer Security Requirements For Online Banking

The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) have set out additional measures to further safeguard customers from digital banking scams.

June 7, 2022

Finland's Supreme Court Says Fantasy Sports Belong To Monopoly

A long-running dispute over whether popular fantasy sports games are legal under Finland’s monopoly gambling law has ended with victory for the state.

June 7, 2022

UN Group Calls On Poland To Amend Gambling Rules, Create New Regulator

The Polish branch of a United Nations corporate responsibility initiative has celebrated the country’s apparently shrinking black market, but is still pushing for a regulatory overhaul.

June 7, 2022

Rush Street Interactive CEO Ties Online Profitability To Player Retention

Rush Street Interactive CEO Richard Schwartz used an investor conference on Monday as an opportunity to remind analysts that profitability in the online gaming business comes from player retention, rather than acquisition.

June 7, 2022

After Mastering Internet Gambling, New Jersey Eyes Esports

Less than one year into his second four-year term, Democratic Governor Phil Murphy of New Jersey hopes to achieve the same success with esports as his state has enjoyed with internet gaming and sports betting.

June 6, 2022

Dubai Leading The Way As A Fintech Hub In Fast Growing Region

The Middle East is going through a large digitalisation phase, backed strongly by local government efforts. As banks’ approach to fintechs is changing, Dubai is turning into a preferred destination for fintechs to get a foothold in the region.

June 6, 2022

Project Guardian: Singapore Launches New Digital Asset Pilot Focused On Defi, Tokenisation

The Monetary Authority of Singapore (MAS) has launched a new digital asset collaboration with banking giants J.P. Morgan and DBS Bank as it looks to harness the benefits of decentralised finance (defi).