United Kingdom

UK FCA: FTX Not Recognized to Conduct Business in Region 
UK FCA: FTX Not Recognized to Conduct Business in Region 
September 19, 2022  |  Cryptocurrency

Britain’s top financial regulator is alerting consumers that Sam Bankman-Fried’s cryptocurrency exchange FTX is operating in the U.K. without proper authorization. The Financial Conduct Authority...

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Paysend Launches New Instant Payment Service
Paysend Launches New Instant Payment Service
September 15, 2022  |  Cross-border Payments

UK-based FinTech Paysend Thursday (Sept. 15) announced in a press release the launch of Instant Account Payments which allow consumers and businesses to send instant...

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Amazon Halts New UK Self-Checkout Grocers as Sales Fall Short
Amazon Halts New UK Self-Checkout Grocers as Sales Fall Short
August 21, 2022  |  Amazon

Lagging sales and economic troubles have caused Amazon to pause the rollout of more self-checkout stores. Sources said the eCommerce giant ended up walking away...

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LianLian Global Brings Financing Options to X-Border UK eCommerce Merchants
LianLian Global Brings Financing Options to X-Border UK eCommerce Merchants
August 10, 2022  |  eCommerce

Global cross-border payment service provider LianLian Global is expanding its platform to the U.K. and adding financing options to support eCommerce merchants. First launched in...

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Regulators Fail to Rein In Risk of Shadow Banking, Former BoE Official Says
Regulators Fail to Rein In Risk of Shadow Banking, Former BoE Official Says
August 07, 2022  |  Bank Regulation

U.K. financial regulators haven’t tackled risks adequately, ex-Bank of England governor Paul Tucker says, and now they should construct a “comprehensive” new policy. Tucker said...

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Big Tech M&A Regulation Looms in 2022
Big Tech M&A Regulation Looms in 2022
July 21, 2022  |  Big Tech

Big Tech companies have been in the spotlight for most of 2022, from antitrust concerns to allegations of harmful content in their platforms or violations...

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UK’s Financial Services Bill Will Make Stablecoins a Form of Payment 
UK’s Financial Services Bill Will Make Stablecoins a Form of Payment 
July 21, 2022  |  Cryptocurrency

Stablecoins may soon be part of the monetary system in the U.K. if the new Financial Services and Markets Bill is approved in Parliament.  The...

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UK’s Proposed Bill Paves the Way for New Stock-Listing Rules
UK’s Proposed Bill Paves the Way for New Stock-Listing Rules
July 20, 2022  |  Regulation

The British government on July 19 set out plans to bolster the competitiveness of the U.K. as a global financial center to compete with Wall...

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EU Plans Instant Payment Regulation in 2022, US Eyes FedNow for 2023
EU Plans Instant Payment Regulation in 2022, US Eyes FedNow for 2023
July 19, 2022  |  Regulation

Real-time payments (RTP), account-to-account (A2A) payments and instant payments all refer to the ability to process payments in seconds. This is one of the next...

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