🗞 Key News of the Week: main developments covered from September 15–19

🗞 Key News of the Week: main developments covered from September 15–19

💰 CoinEx announced a phased exchange shutdown. Its official timetable sets September 29 for the end of spot trading and December 22 for the general withdrawal deadline. Non-USDT assets have an earlier September 29 cutoff for withdrawal in their original form. CoinEx Wallet and Vault are excluded.

🇧🇷🇪🇺 Brazil and the ECB are studying a Pix–TIPS connection. A pilot could launch in 2028 if the project advances. The proposed link would extend instant-payment connectivity between Brazil and Europe; technical and regulatory work remains ahead.

🇮🇳🇨🇳 India reportedly stalled a proposed Alipay+–UPI link over security, data-storage and money-laundering concerns. The plan would first support Indian travellers abroad, then international visitors in India. Commercial demand alone cannot secure approval for cross-border payment infrastructure.

💲 Wallets are gaining international reach. Mastercard introduced Wallet Pay, connecting providers such as Mercado Pago, DaviPlata and GCash to its network. MoneyGram launched a stablecoin-backed Visa card in Colombia, combining Rain, Crossmint and Stellar. A physical card is planned for late 2026.

🎰🎰 FATF highlighted financial-crime risks across gambling and its payment channels. Red flags include deposits withdrawn with minimal play, third-party payments and opaque ownership. The report calls for proportionate, risk-based supervision and international cooperation.

🇧🇷 Brazil detailed account-blocking procedures for illegal betting, including a 24-hour deadline after an SPA notice. Some technical reporting procedures still require separate instructions. Meanwhile, Bahia prosecutors sued Nuoro Pay, Select Credit and Cartos, seeking asset freezes and closure over alleged payment intermediation for unlicensed operators. These remain requests before the court.

🇨🇦 Nuvei agreed to pay $4.85 million to settle FTC allegations that it processed payments for fraudulent merchants despite warning signs. The settlement requires stronger merchant screening and monitoring. Nuvei neither admitted nor denied the allegations.

🏴‍☠️ Two incidents exposed risks around trusted communications. Revolut disclosed customer data after fake government requests; it says customer funds were unaffected. Trezor warned of phishing after a third-party email-service breach. The latter concerned fraudulent messages, with no confirmed compromise of the hardware wallets themselves.

🇺🇦 Ukraine’s parliament approved an anti-money-mule bill at first reading. It proposes penalties for supplying accounts for fraud and tougher sanctions for dealing in other people’s payment credentials. The proposed penalties are not yet in force.

🇦🇷 Argentina committed to begin automatic crypto-tax information exchange under CARF by 2029. Reporting providers would collect customer identity, tax-residency and transaction data. Domestic implementation is still required.

🇧🇷 Our Offshore Barometer examined Brazil using Blask data. Within its tracked coverage, offshore brands represent 67.5% of brands but only 4.7% of measured demand and roughly 3.5% of estimated revenue. These are platform estimates. The commercial question for PSPs is how much payment friction contributes to the monetisation gap.

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