Week In Crypto: Another Exchange Files For Bankruptcy Following SEC Lawsuit

Payment system operator Pay.UK has unveiled a package of proposed reforms to the organisational framework for interbank payments, urging “radical” change to prevent the UK falling behind on infrastructure and innovation.

On June 2, 2025, the Polish Financial Supervisory Authority (KNF) announced that it had submitted a package of proposals intended to simplify regulatory frameworks across the EU financial services sector to the EU member states, the European Commission and other institutions within the EU Financial Services Committee. These proposals form part of a broader initiative led by the Polish Ministry of Finance, which aims to harmonise and streamline EU regulations to support the competitiveness of the European Union’s economy, including that of Poland.