The European Commission and the Council of the EU have set out the EU’s position on the use of global stablecoins. As expected, whilst they accept that financial innovations can benefit the financial sector, they consider that stablecoins pose many global risks, including, but not limited to, risks to consumers and cybersecurity.
The FCA has sent a Dear CEO letter to payment firms requiring them to review their safeguarding arrangements for customer funds and to attest to compliance.
Regulatory conditions are driving more fintech and BPO activities to Ukraine
Stakeholders can submit responses until 3 September 2018.
The European Commission at long last adopted the RTS on Strong Customer Authentication under PSD2.
This animation explores how the blockchain could improve today’s payments systems, and what the hurdles are central banks need to clear first.