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US Open Banking Rule Highlights Industry Divisions Over Data And Fees

By defining who can access consumer data, whether fees are allowed and compliance timelines, the Personal Financial Data Rights final rule (PFDR Rule) underscores continuing legal and market tensions between banks and fintech innovators.
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EBA Slams Fintechs Over Lax Compliance In New AML Risk Assessment

In its latest risk assessment, the European Banking Authority (EBA) has warned that poor practices and a lack of experience at fintechs, including payments and crypto firms, are undermining efforts to tackle financial crime.
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AI Joint Venture Demonstrates UAE’s Digital and Financial Ambitions

The Middle Eastern state continues to harness financial services as an asset, moving to modernise its payments infrastructure through a public-private initiative involving the deployment of artificial intelligence (AI).
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Brazil Minister Rattles Industry With Regulatory Remorse

The government minister responsible for Brazil’s federal betting regulator is considering stricter rules on advertising and online casino games and says he would even outlaw online gambling altogether if given the opportunity.
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Relief As UK Regulators Unveil Next Open Banking Chapter

The Joint Regulatory Oversight Committee has set out its recommendations for the next phase of open banking in the UK.
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Payments

India To Block Payments For Illegal Online Gaming

India is preparing to order payments companies and other financial institutions to block payments to illegal domestic and foreign gaming websites, a Cabinet official told the Economic Times on Monday.
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Gambling

Brazil Betting Tax Rate Much Higher Than UK, Lawyers Warn

Brazilian gambling interests are unhappy with the government's proposed tax rates for sports betting, arguing that the UK's headline rate of 15 percent is not a like-for-like comparison due to various other taxes that will also be applied.
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Gambling

Finland Needs Licensing Or More Enforcement Powers, Says Report

Finland's monopoly system is at a “crossroads” and it must consider introducing a licensing system or more measures to prevent unlicensed online gambling, according to a highly anticipated report by the Ministry of the Interior.
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Gambling

Nevada Assembly Passes Lottery Bill, Gaming Reform Clears Committee

Despite opposition from the casino industry, the Nevada Assembly on Monday approved a constitutional resolution to legalize a lottery, the latest effort over the decades to add the Silver State to the list of 45 states that have lotteries.
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Gambling

Switzerland To Explore Stablecoins, Wholesale CBDC In New Tokenised Settlement Tests

The Swiss central bank has confirmed that it will use stablecoins and wholesale central bank digital currency (CBDC) to test tokenised settlement models, in an attempt to study both public- and privately-issued tokenised money.
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Payments

FedNow Caught Up In Presidential Hopeful’s CBDC Misinformation

FedNow, the upcoming US instant payment system, has been described as a central bank digital currency (CBDC) by Democratic presidential candidate Robert F Kennedy Jr, who claims it is the "first step" to ultimate government surveillance.
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Payments

Data Dive: UK Payments Licensing Benchmarked

With the number of new UK payments and e-money licence applications at a decade low, and the chances of obtaining approval falling to 47 percent, VIXIO looks at the Financial Conduct Authority's latest performance data and how it compares to that of the EU.
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Payments

Senior Managers Regime Used To Fine Former TSB Employee Over IT Fail

The UK Prudential Regulation Authority has fined the former chief information officer of TSB Bank plc for a breach of Senior Manager Conduct Rules.
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Payments

Brazil Announces Measures To Prevent Illegal Sports Betting

Brazil has announced measures it says will prevent black market online betting after it regulates sports betting, but seasoned market observers fear they may not be effective.
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Gambling

MGM, Wynn Await Sanctions For Illegal Wagers In Massachusetts

Representatives from MGM Resorts International and Wynn Resorts took part in separate hearings on Friday before the Massachusetts Gaming Commission to explain how each company violated state law by accepting illegal wagers on in-state college games.
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Gambling

UK Gambling Harms Cost £1.4bn Annually, Says Research

Britain's oldest independent economic research institute estimates the total cost of harms associated with problem gambling in the UK is £1.4bn per year.
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Gambling

Is Congress Ready For The Happy Warrior Of Sports Betting?

When Ray Lesniak's obituary is written, he is likely to be remembered for revolutionizing the U.S. gaming industry by introducing sports-betting legislation in New Jersey which led to the landmark decision by the United States Supreme Court on May 14, 2018.
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Gambling

Boundaries Blurring For Bigtech, Warns Dutch Supervisor

The rising importance of bigtechs such as Google, Amazon, Apple and Facebook in the financial sector requires special attention from supervisory authorities, De Nederlansche Bank has said.
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Payments

E-Wallets: Asia’s New Current Account? AML Measures Across Borders

This regulatory analysis will examine anti-money laundering (AML) measures with regard to e-wallets and is the second in a series that will compare the licensing regimes of e-money operators and banks. Specifically, this analysis will compare the AML requirements for politically exposed persons (PEPs), beneficial owners and enhanced due diligence (EDD) measures for both e-money operators and banks in three distinct jurisdictions: Singapore; the Philippines; and the United Kingdom. This comparison will aim to determine whether there are any similarities between e-money and banking regulations both locally and between these jurisdictions, at least from an AML perspective, in light of the compliance requirements that these regulations impose. It will then lay out what these similarities (if any) could potentially mean for e-money operators, both in these jurisdictions and potentially further afield.
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Payments

US Agency Accuses Chargeback Mitigation Firm Of Aiding Scammers

Chargebacks911, a US firm specialising in protecting merchants from bogus chargeback claims, is facing legal action in the US for allegedly helping scammers to defeat chargeback attempts by defrauded consumers.
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Payments

Week In Crypto: ’Aggressive Enforcement’ Needed On Digital Assets, Say SEC Advisors

Advisors to the US Securities and Exchange Commission (SEC) call for “aggressive enforcement” targeting crypto firms, Paxos retreats from Canada and the Bank of England endorses prudential rules for stablecoins.
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Payments

Daily Dash: New UK Sanctions Hit Fixers And Enablers

The UK has published a new Russian sanctions package, a central bank-backed consortium has launched an international CBDC, and the Financial Stability Board has proposed new policy measures following recent banking shocks.
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Payments

MGM Wins Approval To Build World's Most Expensive Casino-Resort In Osaka

Japan’s government has approved a development proposal by the MGM Resorts International consortium for an integrated resort in Osaka, heralding a new era for Japanese land-based gaming after years of commercial and political setbacks.
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Gambling

African Group Lobbies Malta Officials, Seeking Gambling Curbs

An African non-government organisation is lobbying Malta officials claiming Malta-based gambling operators are targeting and causing harm to young people in Africa.
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Gambling
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BRICS and SCO Efforts To Build Alternative Payment Infrastructure Face Significant Obstacles

To establish functional and widely used independent payment services, the blocs of emerging economies must overcome a range of challenges, including inter-alliance disputes, variation in foreign policy priorities and geopolitical pressures.
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ASIC’s 2026 Enforcement Priorities Spotlight Pricing And Reporting Risks

As Australia moves towards a new regulatory regime for payment service providers (PSPs), the regulator’s focus on pricing, reporting and exploiting financial difficulty challenges organisations to embed stronger controls and forward-looking governance.
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Regulatory Influencer: Ukraine Makes Steps Towards EU-Style Digital Identity Bolstering Consumer Trust and Competition

On August 13, 2025, the National Bank of Ukraine (NBU) launched a consultation on proposed amendments to the Regulations governing the BankID NBU System. The purpose of these amendments is to bring Ukraine’s digital identification framework into closer alignment with Regulation (EU) No. 910/2014 on electronic identification and trust services (eIDAS) and the Law of Ukraine on Electronic Identification and Trust Services. The consultation closed on August 25, 2025 and, to date, there has not yet been any regulatory movement. The draft text introduces harmonised definitions, sets out detailed contractual obligations and requires the creation of termination plans. By mirroring EU eIDAS standards on digital identity and trust services, these reforms aim to foster greater consumer trust, enhance competition and lay the groundwork for a secure and interoperable open banking system in the country.
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Regulatory Influencer: The UK’s Proposed Regulatory Framework For Stablecoins Aims To Balance Stability With Commercial Viability

The Bank of England’s (BoE) consultation on stablecoins, launched in November 2025, could represent a pivotal moment in determining how digital currencies will function within the UK financial system.
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Canada Moves Towards First Federal Framework For Stablecoins

Forthcoming legislation is expected to replicate models adopted in comparable jurisdictions by providing clear regulation of stablecoins and clarifying the boundary between payment stablecoins and securities.
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Regulatory Influencer: The Hidden Cost of Rolling Back Click-to-Cancel

In a decision with wide-reaching implications for consumer rights and digital commerce, the US Court of Appeals for the Eighth Circuit recently vacated the Federal Trade Commission’s (FTC) Click-to-Cancel rule, which was finalized in 2024 and final disclosure and cancellation requirements were set to take effect on July 14, 2025. Initially proposed in 2023 as a commonsense extension to the FTC’s Negative Option Rule, which protects consumers from being charged for goods or services they did not explicitly agree to purchase, Click-to-Cancel would have required businesses to allow consumers to cancel subscriptions through the same simple method used to enroll typically, online and in one click. The rule would have applied to any business that offers automatically renewing subscriptions, such as streaming services and “subscribe and save” billing models.
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UK’s Future Retail Payments Strategy Signals New Era Of Competition And Innovation

The new strategy challenges card networks’ dominance and plans for multi-money interoperability, but its success will depend on whether payment service providers (PSPs) can adapt their business models through a multi-year transformation.
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UK Safeguarding Playbook

In August 2025, the Financial Conduct Authority (FCA) published Policy Statement PS25/12, setting out changes to the safeguarding regime for payments and e-money firms. Vixio’s Playbook is designed to break down the FCA’s new requirements into plain English to help compliance and risk leaders understand what has changed compared to the previous regime.
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Africa’s Digital Payment Systems On The Path To Interoperability

Nigeria and South Africa’s differing approaches to digital payments reflect two distinct paths set to converge in 2026, as regional interoperability takes shape.
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Success Of UK APP Fraud Regime Still An Open Question

More than a year after the Payment Systems Regulator (PSR) introduced its authorised push payment (APP) fraud reimbursement framework, debate over its efficacy and fairness continues, and its future remains uncertain.
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