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💣 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
☠️ In Singapore 🇸🇬, several major banks have introduced a new rule aimed at strengthening the fight against financial fraud. Paid Members Public
☠️ In Singapore 🇸🇬, several major banks have introduced a new rule aimed at strengthening the fight against financial fraud. Starting October 15, some systemically important banks will automatically block or temporarily hold any transfer that moves more than 50% of an account’s total balance within a single day. ➡️ The initiative
💣 Turkey🇹🇷: court witness names fintech Papara “the largest money laundering scheme” Paid Members Public
💣 Turkey🇹🇷: court witness names fintech Papara “the largest money laundering scheme” According to the indictment, the case is linked to illegal online betting allegedly involving around 40 million Turkish citizens. 🔠 The Istanbul Prosecutor’s Office conducted a large-scale investigation that could result in up to 28 years in prisonfor Papara
🛠 Brazil🇧🇷: #PIX adds a “Dispute” button to banking apps starting October 1 Paid Members Public
🛠 Brazil🇧🇷: #PIX adds a “Dispute” button to banking apps starting October 1 The update is part of Brazil’s “Special Refund Mechanism” (MED), launched by the Central Bank to handle fraud-related cases. The dispute process is now fully digital, removing the need for any in-person procedures. Reminder: the PIX instant
🎉 Colombia🇨🇴: international payment provider EBANX launches the instant payment system #Bre-B for foreign merchants Paid Members Public
🎉 Colombia🇨🇴: international payment provider EBANX launches the instant payment system #Bre-B for foreign merchants Colombia’s Bre-B is a new national instant payment system in Latin America, officially launched just a month ago. It is a state-owned payment platform operating under an A2A (account-to-account) model, integrated directly into local banking
🐘 India🇮🇳: UPI payment system will introduce biometric authentication… plus an update on Revolut🇬🇧🇱🇹 Paid Members Public
🐘 India🇮🇳: UPI payment system will introduce biometric authentication… plus an update on Revolut🇬🇧🇱🇹 India’s payment market continues to demonstrate strong momentum and innovation. ➡️ For transactions of up to ₹5,000 ($56 USD), biometric verification —facial recognition and fingerprint scans— will replace traditional PIN codes. However, regulators have indicated that
🤔 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
🧉 Argentina🇦🇷: 61.8% of crypto transactions are now in stablecoins Paid Members Public
🧉 Argentina🇦🇷: 61.8% of crypto transactions are now in stablecoins The dominance of stablecoins in Argentina’s crypto market has become increasingly evident—especially in the wake of the recent global cryptocurrency downturn. Amid high inflation, digital dollarization, and strict currency controls, stablecoins have emerged as a reliable way to