Regulation News
Nearly half a trillion dollars has been wiped off the valuation of fintech firms so far this year when their current value is compared to their peak valuation, according to CB Insights.
Crypto firm Coinbase has been granted approval by Italy’s financial regulator to operate as a crypto assets service provider.
A Mexican startup has become the latest fintech to gain unicorn status.
The Consumer Financial Protection Bureau (CFPB) and Office of the Comptroller of the Currency (OCC) have fined the Bank of America (BofA) for their deficient disbursement of state unemployment benefits during the Covid-19 pandemic.
Atomyze, a Russia-based blockchain firm, has launched what it claims to be the country’s first digital token to be backed by palladium.
In a speech delivered this week by Nikhil Rathi, chief executive of the UK’s Financial Conduct Authority (FCA), to the Peterson Institute of International Economics, Rathi explained that the regulator has “invested heavily in data and technology” to take a more proactive stance and, crucially, spot harm and intervene more quickly and more broadly.
