Insights Archive

February 24, 2025

Daily Dash: ECB Expands Wholesale CBDC Work

The European Central Bank (ECB) has announced an expansion of its initiative to settle distributed ledger technology-based transactions in central bank money.

February 24, 2025

US Lawmakers Urge FDIC To Clarify Crypto Regulations

A group of Republican lawmakers has called on the Federal Deposit Insurance Corporation (FDIC) to clarify regulations surrounding crypto-assets and prevent financial institutions from unfairly denying services to crypto-related firms.

February 24, 2025

Philippines Exits FATF Money Laundering Greylist

The Financial Action Task Force (FATF) has removed the Philippines from its greylist of jurisdictions under enhanced monitoring, praising the government for better supervision of casino junkets and other at-risk sectors.

February 21, 2025

Virginia Budget Amendments Only Hope Left For Gaming Commission

Virginia lawmakers are taking another run at creating a new gambling regulator via the state's budget process, but politics related to overlapping efforts to authorize skill-game machines may remain an obstacle.

February 21, 2025

Sweden Opens Investigation Into Amending Gambling Act

Sweden’s Ministry of Finance has announced that it is assigning a government investigator to consider expanding the scope of the Gambling Act to stop unlicensed operators.

February 21, 2025

FIs Must 'Recognise Limitations' Of GenAI, Says Top Official At US Fed

A top official at the US Federal Reserve has said that financial institutions (FIs) should look at generative AI (GenAI) as an opportunity to "enhance" their human staff, not "replace" them.

February 21, 2025

Week In Crypto: Tether's US Banker Confirmed As Trump Cabinet Member

Howard Lutnick, a key partner of stablecoin issuer Tether, has been confirmed by the US Senate to serve as commerce secretary to President Trump.

February 21, 2025

Musk's Payments Business Given 'Competitive Advantage' By CFPB Shutdown, US Senators Warn

Democratic lawmakers have raised concerns about conflicts of interest arising from tech billionaire and government budget tsar Elon Musk’s push for the shutdown of the Consumer Financial Protection Bureau (CFPB).

February 21, 2025

Daily Dash: Finland And Latvia Face Up To Rising Fraud Rates

Financial fraud surged in both Finland and Latvia in 2024, with banks preventing millions in losses but cybercriminals still managing to defraud significant sums, according to industry reports.

February 21, 2025

Daily Dash: Colombia Becomes Latest Country To Implement AI Framework

Colombia has followed jurisdictions such as its neighbour Chile and the EU in implementing a new policy framework for artificial intelligence (AI).

February 21, 2025

News In Brief: February 17-February 21, 2025

A leading U.S. sweepstakes casino shuts down in five states and Entain loses Australasia executives amid ongoing regulatory probe.

February 20, 2025

Nevada Regulators Seek To Streamline Casino Game Approvals

With about four months left before he steps down as chair of the Nevada Gaming Control Board, Kirk Hendrick is lobbying state lawmakers to approve a bill to allow the control board to administratively approve new casino games without waiting for further sign-off from the Nevada Gaming Commission.

February 20, 2025

Brazil Opens Consultation On Esports Betting

Brazil’s Ministry of Sports has launched a public consultation on the range of esports that may be subject to fixed-odds betting.

February 20, 2025

Romania Fee Changes Causing Some Smaller Operators To Withdraw From The Market

There has been a host of licence cancellations in Romania following the introduction of new financial guarantee requirements at the start of the year, as the country continues to ramp up pressure on the gambling industry.

February 20, 2025

Singapore Issues Warning Over New Phishing Scam Targeting Apple Pay

Authorities in Singapore have issued a joint warning against a new type of phishing scam that targets Apple Pay users when shopping online.

February 20, 2025

Competition Issues Flagged As FCA And PSR Publish Digital Wallets Report

In response to Competition and Markets Authority investigations into Apple and Google, the UK regulators have released a joint feedback statement assessing the growing use of digital wallets and their impact on consumers and businesses.

February 20, 2025

Brazil Consults On Company Name Clampdown

The Banco Central do Brazil has launched a public consultation that could see new rules overhaul the regulation of trade names, in a bid to improve consumer protection, including for payments products.

February 19, 2025

Swedish Trade Group Petitions For Gambling Amendment

The Swedish Trade Association for Online Gambling has written a letter to the Ministry of Finance to ask them to amend the Gambling Act to close a loophole that allows unlicensed operators and suppliers to accept Swedish customers.

February 19, 2025

Dutch Government Seeks To Protect Society From Gambling Harm In Policy Overhaul

The Netherlands will raise the minimum age of some gambling to 21, step up its fight against illegal websites and introduce shared-operator affordability, a senior minister has announced.

February 19, 2025

Australia: Merchant Fees Rise As Government Vows To Tackle Surcharging

New data from the Reserve Bank of Australia indicates that merchant fees rose sharply towards the end of 2024 — a finding that could become a key factor in the country’s showdown over surcharging.

February 19, 2025

Latvia's New Guidelines On Fraud Prevention Aim To Strengthen Risk Management

Public-private collaboration in the financial services space has paved the way for a new set of guidelines from Latvia’s financial watchdog that emphasise issues such as prevention and complaints handling.