China bans all cryptocurrencies in huge virtual currency crackdown
The People’s Bank of China (POB) has officially announced that all transactions including cryptocurrencies are illegal with immediate effect.
FCA to team with BofE to develop blockchain-based regulatory reporting initiative
The Financial Conduct Authority (FCA) is teaming with the Bank of England (BofE) to launch a blockchain-based regulatory reporting solution to tackle rising compliance costs.
Risk of price bubble in ESG markets growing, BIS warns
The Bank of International Settlements (BIS) has warned of the escalating risk of a price bubble in environmentally-friendly-focused asset markets.
Banks and asset managers not yet prepared to meet climate risk deadlines
A barometer measuring the climate risk preparedness of the global banks and asset managers has found a lot still needs to be done in terms of practical implementation.
China set to introduce digital yuan by early 2022
The People’s Bank of China (PBOC) has revealed it aims to fully launch the e-CNY digital currency by February 2022.
Banks believe London will remain global financial center despite Brexit
A recent Lloyds Bank survey has found that banks believe London will maintain its leading global financial center status despite the regulatory uncertainty posed by Brexit.
Mastercard enters agreement to buy crypto intelligence firm CipherTrace
Mastercard has agreed to acquire cryptocurrency intelligence and blockchain analytics firm CipherTrace for an undisclosed fee.
Sovos acquires tax software competitor 1099 Pro to broaden SME offering
Global tax software provider Sovos has purchased tax software and services company 1099 Pro for an undisclosed fee.
Revealing the most corrupt countries in the world as new report paints “grim picture”
Two out of three countries fail to tackle corruption effectively, which paints "a grim picture of the state of corruption worldwide", according to Transparency International's latest report.
Government review finds key regulatory shortfalls in Australian payments system
A payments system review by the Australian government has detailed key regulatory issues in the country’s payment ecosystem.
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