We are pleased to share our publication on Fintech: Latest UK Legal and Regulatory Trends. The publication covers a range of different topics – from big issues such as the overarching UK reform agenda through to some of the day-to-day issues that the Fintech industry is currently grappling with – and highlights some current key trends for Fintech. Read more

In this post, we revisit the background to development of operational resilience in the UK, review the publications issued by the Financial Conduct Authority (FCA), the PRA, and the Bank of England (the Bank) in March, and briefly discuss the wider context. Read more

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

In this regular update, we round-up FinTech-related regulatory developments for the week ending 26 March 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 19 March 2021. Read more

In this regular update, we round-up FinTech-related regulatory developments for the week ending 12 March 2021. Read more