Insights Archive

February 3, 2025

US Government Will Use AI To 'Eliminate' Illicit Use Of Tether, Lutnick Tells Senate

Tether custodian and Trump Cabinet pick Howard Lutnick has told US lawmakers that illicit use of stablecoins can be "eliminated" by using AI tools to "rip through" the blockchain.

February 3, 2025

KuCoin To Pay $300m In Penalties For Operating Illegally In US

KuCoin, a Seychelles-based crypto exchange, will face significant penalties after pleading guilty to operating as an unregistered money services business in the US.

February 3, 2025

ECB Finalises Access To Payment Systems Policy

Payments and e-money institutions have come a step closer to gaining access to central bank payment systems in the Eurozone, after the European Central Bank (ECB) outlined its policy for the regulatory change.

February 3, 2025

MEPs Probe Italy's Compliance With Payment Rules Over pagoPA Fees

The European Commission has been urged to investigate Italy’s compliance with EU payment regulations following concerns that fees are being charged on electronic transactions via the government-run pagoPA payment system.

February 3, 2025

Daily Dash: BaFin Flags Virtual IBANs As Money Laundering Risk

Germany’s Federal Financial Supervisory Authority (BaFin) has joined the European Banking Authority and the Banca d’Italia in raising the alarm about the use of virtual IBANs for illicit financial transactions.

January 31, 2025

Kambi Secures Nevada Gaming License

The Nevada Gaming Commission has approved final licensure for sports-betting supplier Kambi Group, clearing the way for its entry into the state’s gaming market.

January 31, 2025

News In Brief: January 27-January 31, 2025

Ireland's gambling regulator says it is ready to start hiring officials, Estonia to work on gambling law amendments this year, North Dakota wants to close its gambling regulator and another NBA player is under investigation over allegedly suspicious bets.

January 31, 2025

Colombia Proposes Emergency Online Gambling Tax

Colombia has proposed waiving gambling’s value added tax (VAT) exemption for the next 90 days to fund relief efforts for the Catatumbo region.

January 31, 2025

UK Government Has 'No Plans' To Mandate Cash Acceptance, Says Minister

A newly appointed minister has said the Labour government has "no plans" to mandate that retailers accept cash, but is also not planning for a "cashless society".

January 31, 2025

Week In Crypto: Binance Hit By Tax Fraud, Money Laundering Probe In France

France opens a criminal probe into Binance, Utah and Arizona move towards investing state funds in Bitcoin, and the Czech central bank also sees a role for Bitcoin in its portfolio.

January 31, 2025

PSR Establishes Five-Point Plan To Drive UK Economic Growth In Payments Sector

In a letter to Prime Minister Keir Starmer, the Payment Systems Regulator (PSR) has set out its deliverables for growth, including action on card fees and infrastructure.

January 30, 2025

BetMGM Fined $260,000 In Pennsylvania For Self-Exclusion Violations

BetMGM will pay a $260,905 fine after reaching an agreement with Pennsylvania gaming regulators over an investigation into allowing more than 150 self-excluded players to wager on the platform.

January 30, 2025

iGaming Debate Remains The Same In Maryland: Tax Revenue Versus Cannibalization

As Maryland lawmakers consider ways to close a multibillion-dollar budget deficit, two bills to raise new tax revenues through legalizing internet casino games are back on the legislative agenda for the second straight year.

January 30, 2025

UK Commission Wants Mandatory Machine Deposit, Time Limits

Gamblers will be required to set deposit and time limits on gaming machines if new proposals from the UK Gambling Commission are approved.

January 30, 2025

Mexican Casinos Win Injunctions In Appeals Court

Last week, several Mexican casino operators were granted injunctions against a November 2023 decree that prohibits granting or renewing licences for slot machines and other casino-style games on the grounds of unconstitutionality.

January 30, 2025

Regulatory Influencer: India To Fight Fraud Using Mobile Number Blacklist

The Reserve Bank of India (RBI) has instructed financial institutions to begin using a real-time mobile number blacklist to tighten up their fraud monitoring and prevention programmes.

January 30, 2025

Nigerian Central Bank To Open New Compliance Department To Escape Greylist

After two years on the Financial Action Task Force (FATF) greylist, Nigeria is stepping up its efforts to address strategic deficiencies in its anti-money laundering regime.

January 30, 2025

Daily Dash: BaFin Fines Islamic Bank €600,000 Over AML Deficiencies

Germany’s Federal Financial Supervisory Authority (BaFin) has levied a €600,000 fine on KT Bank for breaching the German Money Laundering Act and Banking Act.

January 30, 2025

PSR And Bank Of England Commit To Boosting CHAPS Coordination

The UK’s Payment Systems Regulator (PSR) has set out a new framework for coordinating with the Bank of England on the supervision of the CHAPS payment system.

January 30, 2025

German Banks Tell ECB: 'There Is A Need For Improvement' Over Digital Euro

The German Banking Industry Committee has set out what it feels are essential requirements for the successful introduction of a digital euro.

January 29, 2025

Online Casino Bill Advances In Indiana

An Indiana House committee has voted to approve a bill that would permit online casino gaming, as well as double the state’s tax on mobile sports betting.