FintechDaily – Page 355 – Fresh Dose of Fintech News

UK Treasury Rejects Proposals to Classify Cryptocurrency as Gambling Regulation

The UK Treasury has firmly rejected proposals from an all-party parliamentary committee suggesting that consumer trading in unbacked cryptocurrencies like bitcoin and ether should be...

Citi Drives Investment Round for Colombian B2B Fintech Supra

Citi has led an investment round in Colombian B2B payments startup Supra. Far Out Ventures and H20 Capital also participated in the financing. Founded in...

FCA Establishes Permanent Digital Sandbox

The UK's Financial Conduct Authority (FCA) has established a permanent Digital Sandbox, providing year-round access for firms to experiment with innovative technologies. Previously, this platform...

PayPoint hit with lawsuit from energy charity

UK-based payment services provider PayPoint UK is facing legal action over alleged anti-competitive practices in the prepayment market. The company has received a multimillion-pound lawsuit...

FTX Files $1 Billion Lawsuit Against Sam Bankman-Fried

The former boss of failed crypto exchange FTX, Sam Bankman-Fried, is facing a $1 billion lawsuit from the company he founded. Bankman-Fried is being sued...

Tabby Set to Acquire Saudi Digital Wallet Tweeq

UAE-based buy now, pay later company Tabby is set to acquire Saudi digital wallet Tweeq, broadening its offerings to include spending accounts equipped with money...

M&G Investments Heads $30 Million Seed Round for Crypto Startup GFO-X

M&G Investments has led a $30 million seed round in the digital asset trading startup Global Futures and Options (GFO-X) in anticipation of its upcoming...

Treasury Plans to Put BNPL Regulations on Hold

The government is reportedly set to abandon its plans to impose stricter regulations on Britain's rapidly expanding 'buy now pay later' (BNPL) industry, according to...

HSBC, TSB, and Nationwide Criticized by CMA for Inaccurate Transaction History Reporting

The Competition and Markets Authority (CMA) has criticized HSBC, Nationwide, and TSB for "significant failures" in reporting transaction histories for both personal and business customers...

UK RegTech Eflow Secures £7 Million for International Growth

UK-based regtech eflow Global has successfully raised £7 million in a Series A funding round led by Finch Capital. Atempo and ScaleUp Group also participated...