by Jyotsna Bucktowar | Jul 12, 2023
The FCA welcomes the government’s call for the UK to be the global hub of AI regulation and will open our AI sandbox to firms wanting to test the latest innovations. Big Tech’s role as the gatekeepers of data in financial services will be under increased...
by Jyotsna Bucktowar | Feb 23, 2023
The digital pound would be a new form of digital money issued by the Bank, for use by households and businesses for their everyday payments needs. The consultation paper notes that the digital pound is likely to be needed in the future, but does not yet make a...
by AdrianaAMLP | Jan 30, 2023
FATF publishes Annual Report 2021-2022 which sets out the achievements of the FATF under the second year of Marcus Pleyer’s Presidency on Beneficial ownership, Digital transformation, Migrant smuggling, New and update guidance, Mutual evaluations…
by AdrianaAMLP | Nov 9, 2022
The Bank of Russia released two consultation reports discussing blockchain-based assets, focusing on the use of digital assets, and the other one is dedicated to decentralized finance (DeFi). It admits the benefits of blockchain, including the reduction of...
by AdrianaAMLP | Jul 12, 2022
OFAC seeks public comment regarding potential opportunities and risks presented by developments and adoption of digital assets. For consumers, digital assets may present potential benefits, such as faster payments, as well as potential risks…
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