No Damages For MSB Over Severed Bank Accounts, UK Court Rules
A foreign exchange and payment service provider has lost its bid to claim damages from …
German, French Authorities Talk Up Hopes Of Homegrown Payment Scheme
Regulators from Germany and France are again calling for the development of a European-wide payment …
Libra Told To Act Responsibly As it Takes On Remittances
Facebook’s Libra has the potential to shake up a global remittances market long in need …
UK Regulators Uncompromising On Crypto Despite Facebook 'Hype'
UK authorities have vowed to look “beyond the hype” around stablecoins, and Facebook’s Libra project …
Wolfsberg Group Hones Standards As De-Risking Concerns Continue
The influential Wolfsberg Group has published an update to its guidance on due diligence for …
Industry Seeks More Clarity On 'Hybrid Crypto' Amid FCA Warnings
UK regulators are upping pressure on regulated payments businesses that incorporate unregulated crypto-assets into their …
Trump Threatens Correspondent Banking Links With New Iran Sanctions
The U.S. threatened to cut off foreign financial institutions from U.S. correspondent banking networks on …
Carney Offers Non-Banks New Home At Bank Of England
The Bank of England has announced plans to let non-bank payment firms hold reserves at …
In Depth: Regulatory Hurdles Loom As Facebook Announces Launch Of Libra Coin
Facebook has finally pulled back the curtain on the worst-kept secret in Silicon Valley: a …