Europe
🎉 Mexico🇲🇽: Revolut🇬🇧🇱🇹 receives approval to launch banking operations Paid Members Public
🎉 Mexico🇲🇽: Revolut🇬🇧🇱🇹 receives approval to launch banking operations While progress at home has been slow, the company is making significant strides in Latin America. ➡️ The National Banking and Securities Commission (CNBV) and the Central Bank of Mexico have granted Revolut final authorization to operate as a multipurpose banking institution, allowing
🎉 Digital bank Lunar🇩🇰 becomes the first EU provider to obtain a crypto license under MiCA regulation Paid Members Public
🎉 Digital bank Lunar🇩🇰 becomes the first EU provider to obtain a crypto license under MiCA regulation The CASP license allows the bank to provide cross-border crypto services across all 27 EU member states. ➡️ Background: in 2022, Lunar launched its integrated crypto platform, Lunar Block, enabling users in Denmark🇩🇰, Sweden🇸🇪, and
💣 United Kingdom🇬🇧: Revolut UK Bank license suspended Paid Members Public
💣 United Kingdom🇬🇧: Revolut UK Bank license suspended Regulators have raised concerns over risk management in cross-border payments. ➡️ Last year, after three years of discussions with regulators, the UK-Lithuanian digital bank obtained a provisional banking license valid for 12 months, allowing it to accept limited deposits while developing its risk control
🤔 Europe: crypto company oversight under MiCA may become centralized Paid Members Public
🤔 Europe: crypto company oversight under MiCA may become centralized Cryptocurrency regulation has once again taken center stage in the European agenda. This time, it is under EU scrutiny, as member states face conflicts over cross-border licensing and fragmented supervision of the market. For instance, France🇫🇷 is considering restricting crypto exchanges
😳Sweden 🇸🇪: final ban on credit-based gambling payments to take effect by April 2026 Paid Members Public
😳Sweden 🇸🇪: final ban on credit-based gambling payments to take effect by April 2026 However, while the measure is final, it will not be absolute, as exceptions will apply to gambling activities that serve public benefit purposes. ▶️These may include certain lotteries engaged in charitable activities unconnected to political parties. ▶️All
🪬Europe: consumers value payment security over speed Paid Members Public
🪬Europe: consumers value payment security over speed Financial analysts from the Swiss company Vyntra🇨🇭have identified a new trend in the payments market after surveying over 1,000 European adults. ▶️Key insight: the industry’s long-held belief that transaction speed is a key driver of customer loyalty appears to be
🔝Latam bet: neobank Revolut 🇬🇧🇱🇹enters Mexico 🇲🇽with plans for Argentina 🇦🇷 and Colombia 🇨🇴 Paid Members Public
🔝Latam bet: neobank Revolut 🇬🇧🇱🇹enters Mexico 🇲🇽with plans for Argentina 🇦🇷 and Colombia 🇨🇴 The move is part of a USD 4 billion global investment plan aimed at strengthening the company’s international presence and creating 10,000 jobs over the next five years. ▶️Latin America is emerging as a rapidly expanding
👀United Kingdom 🇬🇧: closure of the Advisory Board for Safer Gambling (ABSG) Paid Members Public
👀United Kingdom 🇬🇧: closure of the Advisory Board for Safer Gambling (ABSG) At the conclusion of its mandate, the body will be dissolved and replaced by a new research group. This means regulation will remain in place, and the administrative framework will continue. ▶️Historical background: gambling has been a core leisure