regulation

Singapore Introduces Regulatory Framework for Crypto Payment Services

Singapore’s central bank, the Monetary Authority of Singapore (MAS), has finalized new regulatory framework for payment service providers in Singapore. The new regulation allows payment service providers that are licenced under the regime to support certain cryptocurrencies in their services.

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Australian Banks Don’t Want Regulation Overhaul

Australia’s major banks aren’t in support of an overhaul to the new Banking Code of Practice. According to Smart Company, Commonwealth Bank, Westpac, NAB and ANZ announced this week that they are in agreement that consumer credit protection laws shouldn’t be extended to cover small business (SMB) lending.

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CBI Calls for Fresh Regulatory Approach to Help Banks Deal With Tech Revolution

The Confederation of British Industry is calling for a tax and regulation revamp to help financial services firms deal with the challenges and opportunities presented by a rapidly changing technological landscape. With over 1.

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The Challenges of Cryptocurrency Regulation

Volatile cryptocurrencies require regulation, but regulators face many questions about how to do so. History may not repeat itself, but it clearly does rhyme. During the dot-com bubble, Board of Governors of the Federal Reserve System Chairman Alan Greenspan famously observed that investors were the victims of irrational exuberance.

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Wall Street, Venture Capitalists and Crypto Companies Descend on Capitol Hill to Debate Regulation

Nearly 50 representatives from U.S. financial giants and cryptocurrency startups are set to meet with Washington lawmakers this week to talk through what some say is an incomplete, and murky regulatory landscape. Rep.

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OCC’s Otting: Why Do State Regulators Want to Limit Consumer Choice?

The decision by the Office of the Comptroller of the Currency to begin accepting applications for special purpose national bank charters from fintech companies promotes innovation, gives consumers and businesses greater choice and creates economic growth and opportunity.

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Why Reg Relief Is Moving in the Right Direction

Recent steps by the Congress and the Treasury, Federal Reserve Board, Comptroller of the Currency and the Federal Deposit Insurance Corp. suggest a welcome departure from the trend of one-size-fits-all rules – and a return to principles-based regulation anchored in regulatory common sense and sound financial judgment.

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EU to Step Carefully With Cryptocurrency Regulation

Despite a Brussels-based think tank advising the European Union to adopt common rules for cryptocurrencies, a subsequent meeting of European finance ministers concluded that regulations could wait.

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Blockchain’s on the Rise, but Trust and Laws Are Still Lacking

As blockchain becomes more mainstream in payments and financial services, trust and regulatory guidance need to improve. It would be hard to deny that we are in a bear market right now for cryptocurrencies after the wild rise experienced in 2017 – but this does not change the reality.

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Cryptocurrency Traders in China Find Ways to Get Around State Regulators

Industry observers are certain that Chinese investors will always find ways to circumvent increasingly tightening controls over cryptocurrency trading by mainland authorities, making it practically impossible to ever impose a complete shutdown on trading.

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Japan Ramps Up Scrutiny of New Cryptocurrency Exchange Applicants

Japan’s primary financial regulator has dramatically increased its screening process of applicants registering to open cryptocurrency exchanges, according to a local report.

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EU Regulation Will Drive U.S. Banks to Embrace FinTech or Lose Market Share

Two significant changes to European Union regulations have given the FinTech industry a major shot in the arm and strengthened its position as a competitor to traditional banking, the result of which will be that U.S. banks will beforced to rethink their client strategies.

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