Hong Kong: Government Welcomes Fintech Innovations
Hong Kong aims to become a fintech hub during the coming year, after the number …
Russia: Draft Law to Impose Restrictions on Cross-Border Money Transfers
On February 21, 2017, MPs V.M. Reznik and P.I. Pimshakov introduced draft amendments to Federal …
Russia: State Duma Passes Law to Migrate Public Sector Card Holders to National Payment Cards
On April 21, 2017 the State Duma passed a draft Law on amendments to Article …
Israel: Central Bank Updates on Measures for Competitive Payment Cards Market
On May 9, 2017 the Bank of Israel published an update on the results of …
Ukraine: Parliament Rejects Draft Bill on Regulating Money Transfers
On June 20, 2017 the National Bank of Ukraine (NBU) announced that the country’s parliament …
ECB and Bank of Japan Issue Report on Payment Systems: Liquidity Saving Mechanisms in a Distributed Ledger Environment
On September 7, 2017 STELLA, a joint research project of the European Central Bank (ECB) …
PSD2: ECB Joins Calls For Early Adoption Of Technical Standards
A European Central Bank (ECB) official has called on payments firms to speed up implementation …
Singapore Regulator Pushes Digital KYC On Financial Sector
Singapore’s regulator is encouraging its financial sector to use new technology to on-board customers electronically, …
LINK Begins Infrastructure Tender After Legal Pressure
The UK’s cash machine network operator has relented to regulatory pressure and embarked on the …