More than five million British banking customers are to be barred from buying cryptocurrencies within days amid concerns that trading platforms are riddled with fraudsters.
Research published by the FCA estimates that 2.3 million adults now hold cryptoassets (up from 1.9 million last year). 78% of adults have now heard of cryptoassets, up from 73% in a year. The consumer research shows that
In a newly released FinTech 2.0 whitepaper, Money20/20 lays out its vision for the next era of FinTech, as we enter the recovery phases of COVID-19. The paper
Britain’s financial regulator has to make daily sweeps of the internet to warn about online scams in real time and keep pace with fraudsters who
The European Commission on 9th June took Luxembourg to court, asking the European Court of Justice (ECJ) to impose a daily penalty on the country
Standard Chartered failed adequately to check whether assets owned by some of its Indonesian clients were linked to crime or tax evasion, Guernsey’s financial regulator
Fraudsters, drug dealers and money mules have revealed how crime has gone cashless during the pandemic. Coronavirus lockdowns have prompted criminals to abandon face-to-face cash
Analysis from Kearney has found that the performance of retail banks is likely to return to pre-COVID levels within three to five years, although profitability will remain