Insights

The New York State Department of Financial Services (NYDFS) is seeking feedback from buy-now-pay-later (BNPL) lenders and other stakeholders in an example of state-level regulation replacing federal oversight.

Kenya’s long-awaited Gambling Control Bill 2023 has reached its final hurdle before it becomes law.

Key provisions of the UK’s huge new Online Safety Act are now in effect, creating fresh compliance hurdles for gambling firms and social platforms.

Financial institutions must be vigilant in monitoring virtual currency kiosks for suspicious activity, the US Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has warned.

On June 10, 2025, the European Banking Authority (EBA) published a “ no-action letter” on the interplay between Directive EU 2015/2366 (revised Payment Services Directive – PSD2) and Regulation (EU) 2023/1114 (Markets in Crypto-Assets – MiCA). This letter, advising the European Commission, Council and Parliament (EU legislature), aims to clarify the interaction between the two frameworks and the potential dual-authorisation requirement arising from their application to electronic money tokens (EMTs).

The investigation into Brazil’s trade practices, including those related to big tech and electronic payment services such as Pix, is an example of the US reacting to growing scepticism over its companies’ global dominance.

In addition to the domestic ban on central bank digital currencies (CBDCs), the US should discourage their use abroad, the presidential working group on digital assets has recommended.

With tensions over the EU’s payments legislation rising, critics warn that flaws in the Council’s position could have devastating consequences for fintech business models.

Dutch government warned that gambling tax hike will benefit black market, while ban on bonuses promoted by Spain's Ministry Of Social Rights and Chinese partners terminate Star Entertainment deal.

The Irish Bookmakers Association (IBA) has warned the government against including a 0.5 percent to 1 percent increase in betting duty tax in the 2026 budget, fearing it will result in job losses and betting shop closures.