In this regular update, we round-up FinTech-related regulatory developments for the week ending 16 July 2021. Read more

In this regular update, we round-up FinTech-related regulatory developments for the week ending 9 July 2021. Read more

In this regular update, we round-up FinTech-related regulatory developments for the week ending 25 June 2021. Read more

In this regular update, we round-up FinTech-related regulatory developments for the week ending 11 June 2021. Read more

In this regular update, we round-up FinTech-related regulatory developments for the week ending 30 April 2021. Read more

In this regular update, we round-up FinTech-related regulatory developments for the week ending 1 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