In this regular update, we round-up FinTech-related regulatory developments for the week ending 1 April 2021. Read more

In this blog post, we round-up forthcoming developments in the UK and at EU and International levels in FinTech-related regulation which are expected for April 2021. Read more

On February 18, 2021, BitPay, Inc. (“BitPay”), a major cryptocurrency payment processing platform, entered into a $507,000 settlement with the Office of Foreign Asset Control (“OFAC”), to settle allegations that it processed cryptocurrency payments which violated various US sanctions programs.  Significantly, OFAC did not allege that BitPay knowingly violated sanctions laws or took steps to actively conceal violations.  Rather, OFAC alleged that BitPay had inadequate due diligence and internal controls policies in place which failed to identify potential sanctions violations. Read more

In this regular update, we round-up FinTech-related regulatory developments for the week ending 26 February 2021. Read more

On 26 February 2021, HM Treasury (HMT) published Ron Kalifa OBE’s independent strategic review of UK financial technology (FinTech), also known as the Kalifa Review. Read more

In this blog post, we round-up forthcoming developments in the UK and at EU and International levels in FinTech-related regulation which are expected for March 2021. Read more

In this regular update, we round-up FinTech-related regulatory developments for the week ending 19 February 2021. Read more

On 5 February 2021, the Financial Conduct Authority (FCA) published a report titled ‘Implementing Technology Change’, which sets out findings from its review into how financial services firms manage technology change, the impact of change failures, and industry practices to help reduce the impact of incidents resulting from change management. Read more