Europe
🛁EU announces creation of a new crypto regulator focused on money laundering Paid Members Public
🛁EU announces creation of a new crypto regulator focused on money laundering The new body will be based on AMLD6 — the Sixth Anti-Money Laundering and Counter-Terrorism Financing Directive — adopted by the European Commission in 2021. This regulator will carry the same name: “AMLD6”. ➡️ General context: While the MiCA regulation has
🆘Spain🇪🇸: Lawmakers propose renaming cryptoassets as “crypto bets” or “unbacked assets” Paid Members Public
🆘Spain🇪🇸: Lawmakers propose renaming cryptoassets as “crypto bets” or “unbacked assets” A group of lawmakers has proposed that the National Securities Market Commission (CNMV) implement a traffic light-style visual warning system for retail investors. ▶️According to the proponents, a significant portion of tokens currently traded on exchange platforms lack material
🤔The United Kingdom🇬🇧 prepares to update its National Payments Strategy… Paid Members Public
🤔The United Kingdom🇬🇧 prepares to update its National Payments Strategy… As part of this effort, a new Implementation Committee has been established, with the primary goal of enhancing regulatory coordination and supporting the delivery of key initiatives. ➡️The committee will be supported by the Vision Engagement Group, which includes over
👀Germans: Deutsche Bank🇩🇪 launches instant reporting system for money transfers Paid Members Public
👀Germans: Deutsche Bank🇩🇪 launches instant reporting system for money transfers The new API tool, called Swift Instant Cash, provides real-time access to account and balance information through a standardized connection. ➡️ The Instant Cash Reporting (ICR) system addresses a key corporate need: access to efficient, multibank solutions with real-time updates. ➡️ The
😱United Kingdom🇬🇧: Regulator blocks 1,600 websites as part of financial crime crackdown… Paid Members Public
😱United Kingdom🇬🇧: Regulator blocks 1,600 websites as part of financial crime crackdown… The Financial Conduct Authority (FCA) took this action after discovering that the websites were promoting financial services without proper authorization. ➡️ Context: Fraud remains the most common crime in the UK. In 2024, there were approximately 4.1
🏴☠️Everyone to the fight against money laundering❗️Europe signs a “Memorandum of Understanding” Paid Members Public
🏴☠️Everyone to the fight against money laundering❗️Europe signs a “Memorandum of Understanding” AMLA, EBA, EIOPA, and ESMA — European financial supervisory authorities — have signed an agreement to strengthen cooperation and information sharing. ➡️ The memorandum establishes, among other points, procedures for coordinated and joint actions between these entities. ➡️ It also includes
⚡️Customers of digital bank Revolut🇱🇹 will be able to send money to China🇨🇳 via Alipay Paid Members Public
⚡️Customers of digital bank Revolut🇱🇹 will be able to send money to China🇨🇳 via Alipay Thanks to a strategic partnership with the holding Ant International, Storonsky and Yatsenko are expanding their platform into the Chinese remittance market, currently valued at 48 billion USD. ▶️Users can access this feature by selecting
👀Europe continues refining its unified regional payment ecosystem Paid Members Public
👀Europe continues refining its unified regional payment ecosystem One of the main challenges in the region is ensuring regulatory compliance in an environment marked by diverse traditions, languages, and cultural particularities, which makes this a complex task. ▶️Industry experts highlight that fintechs operating across multiple jurisdictions must invest significant resources