February 2025 – Page 40

SEC Expands Team by 20 to Regulate Cryptocurrency Markets

The US Securities and Exchange Commission (SEC) has significantly expanded its crypto market and cyber enforcement unit, increasing its team to 50 members with the...

GoCardless Moves Closer to Profitability

After reducing its workforce in a 2023 restructuring, GoCardless is on track for profitability in 2024. The company cut 17% of its global staff in...

GFMA Urges Regulators to Embrace Innovative Approaches to DLT in Capital Markets

A new report from the Global Financial Markets Association (GFMA) suggests that distributed ledger technology (DLT) can provide "transformative benefits" for capital markets, but emphasizes...

TransferGo Expands into B2B Sector with Launch of Multi-Currency Business Account

TransferGo has introduced a new account designed for global businesses based in the UK and EU, allowing them to hold, exchange, send, and receive multiple...

EU Digital Markets Act Postponed to 2023

The Digital Markets Act (DMA) has been rescheduled to come into force in early 2023, moving the timeline from the previously expected launch later this...

Fintech Cushion Closes Its Doors

Cushion, an app designed to assist Americans in negotiating bank and credit card fees for refunds, has officially closed its operations. In a LinkedIn post,...

UK to Implement New Regulations to Safeguard Cash Transactions and Compensate Fraud Victims

The UK Government is set to introduce new legislation aimed at safeguarding access to cash and requiring banks to reimburse victims of authorised push payment...

UK Treasury Committee Recommends Treating Cryptocurrency as Gambling

The UK Treasury Committee has urged that consumer trading in unbacked cryptocurrencies, such as bitcoin and ether, be regulated similarly to gambling. This influential cross-party...

Nationwide Prevents 2,000 Additional Fraud Cases Monthly with SCA Regulations

Nationwide Building Society reports that the implementation of Strong Customer Authentication (SCA) rules in March has helped the institution prevent approximately 2,000 cases of online...

Ripple Acquires Crypto Custody Firm Metaco

Blockchain firm Ripple has acquired Swiss crypto custody provider Metaco in a $250 million deal. This acquisition represents Ripple's entry into the burgeoning institutional crypto...