January 2025 – Page 117

CEO of Voyager Digital Hit with Fraud Lawsuit

The Commodity Futures Trading Commission (CFTC) has initiated a complaint in the US District Court for the Southern District of New York against Stephen Ehrlich,...

Visa and DTCPay Collaborate on Crypto-to-Fiat Card Solution

Singapore's dtcpay is collaborating with Visa to launch a card that allows ultra-high-net-worth individuals to convert their digital currencies, including stablecoins, into fiat currencies at...

UK Fintech Capital Investment in 2024: Well Above ‘Rock Bottom’

Innovate Finance recently hosted an event to unveil their ‘Capital Investment in UK FinTech in 2023: Insights and Trends’ report, ahead of their Global Summit...

Paytm Payments Bank Penalized for KYC Non-compliance

The Reserve Bank of India has imposed a fine of approximately $650,000 on Paytm Payments Bank for deficiencies related to Know Your Customer (KYC) regulations....

SEC Chair Cautions That AI Might Trigger Financial Crisis

In a recent interview with the Financial Times, Securities and Exchange Commission (SEC) head Gary Gensler cautioned that artificial intelligence (AI) could lead to a...

Binance Halts New Registrations for UK Customers

Binance has ceased accepting new users in the UK as it seeks a partner to comply with recently implemented crypto asset promotion regulations. The crypto...

Fintech Leaders Express Concerns Over AI Regulations in Parliament

Leaders from the fintech and artificial intelligence (AI) sectors convened in Parliament last night to address the ethical and regulatory challenges that technology poses to...

Mobile Banking Malware Sees 32% Increase Worldwide

Global mobile banking trojan attacks on Android users surged by a third in 2023, alongside a significant rise in cryptocurrency-related phishing, as reported by Kaspersky....

FCA and Modulr Establish Guidelines for Customer Onboarding Restrictions

The UK's Financial Conduct Authority (FCA) has imposed customer onboarding restrictions on Payments-as-a-Service provider Modulr until it aligns with new regulations. At the start of...

Walmart to Introduce Immediate Bank Payment Options

Walmart is partnering with Fiserv to enable online shoppers to make direct and instant payments from their bank accounts. According to Bloomberg, Walmart is leveraging...