Insights

​​​​​​​The Dutch minister in charge of gambling issues has rejected calls for a general ban on gambling advertising, saying he disagrees with a Belgian minister’s view that “gambling is the new smoking”.

Coinbase founder and CEO Brian Armstrong has announced plans to lay off about 18 percent of the company’s staff, due to fears of recession and declining revenues from crypto-trading.

Banking Circle, a payments bank headquartered in Luxembourg, has agreed to provide foreign exchange and settlement services to two European mobile payment providers, TWINT and Bluecode.

After criticism for the new code being overly onerous on both banks and borrowers, the latest version of New Zealand's responsible lending code has largely reversed to the pre-2021 edition, but complications remain.

California’s new data privacy agency has started the rulemaking process to level up data protection rules in the state and posted the first version of proposed regulations, albeit with several notable omissions.

Just two weeks before his inauguration, Philippine President-elect Ferdinand Marcos Jr has yet to reveal the fate of online gaming for the local market, even to regulator PAGCOR, according to a top executive.

A Colorado state auditor report has voiced several concerns about the first year of regulated sports betting in the state, including processes for temporary licensure, as well as the effect of deductible free bets on tax returns.

As New Jersey continues to rake in more than $2bn annually from internet gaming and online sports betting, the question arises why Florida is not being allowed to do the same thing — so far.

Celsius, one of the world’s largest crypto lending platforms, has announced that it has suspended all withdrawals due to “extreme” market conditions.

In March 2022, the Australian Treasury announced the publication of its consultation paper titled “Crypto-Asset Secondary Service Providers: Licensing and Custody Requirements”. The consultation paper proposes a regime governing the licensing of crypto-asset secondary service providers and certain requirements for custodians of crypto-assets in the country. This regulatory analysis will delve into the background of the consultation, as well as the key provisions and requirements of the proposed regime. It will then assess the possibility of opting for alternative requirements proposed by the government, in addition to the potential implications of these regulatory changes for providers and the wider crypto-asset ecosystem.

The Reserve Bank of India has issued new guidelines that will make it easier for urban cooperative banks to offer doorstep banking services.

Custodia has accused the Federal Reserve Board of getting in the way of innovation by unduly prolonging the process of granting access to the central bank’s payment system.

The UK's Financial Conduct Authority (FCA) is on the cusp of outlining its final Consumer Duty proposals, which are due to be introduced next year, as experts express concerns it may be a bumpy ride with many firms not prepared.

The state administrator’s office in Saxony-Anhalt said it has filed 25 criminal charges since July 2021 over illegal gambling and illegal betting events.

While regulators in Ontario have said the launch of the first wave of online operators was relatively successful from a licensing perspective, many in the next wave of operators will come with a higher risk profile.

As the Massachusetts Gaming Commission prepares for the possibility of having to regulate sports betting, commissioners are considering establishing new guidelines to govern the gaming industry’s advertising practices.

​​​​​​​It is still not clear when in the “coming weeks” the UK’s much-anticipated Gambling Act review white paper will be published or what it will cover, according to the Department for Digital, Culture, Media & Sport (DCMS).

​​​​​​​The Swedish government is taking the final steps toward making it easier for the Swedish Gambling Authority to crack down on unlicensed operators and to help curb match-fixing.

Thirteen Swedish banks are planning to start testing the Nordic payments platform before the end of the year using the Swedish instant payments solution Swish.

The Monetary Authority of Singapore (MAS) has issued revised guidelines for business continuity in response to novel threats faced by financial institutions.