Two key European Union laws—the General Data Protection Regulation (GDPR) and the fifth Anti-Money Laundering Directive (AMLD5)—are hindering the future growth of financial technology (‘fintech’) and blockchain businesses in the […]
Social network Telegram is abandoning its plans to launch a new blockchain, the firm announced yesterday in a blogpost from its chief executive, Pavel Durov. Together with the recent decision […]
The ongoing revolution in payments merits everyone’s attention. That’s because it’s not just a question of winners and losers in the battle over payment technology or the societal impact of […]
In an updated version of its white paper, released today, the Libra Association says it is scaling back its initial plans for a global payments medium and instead focusing on […]
Governments and big tech firms now observe all our activity online and can both predict and influence our behaviour. But some technologists are fighting back against the assumption that these […]
The US lawmakers who grilled Facebook boss Mark Zuckerberg for six hours last week appeared to speak from a position of power. But the tough talk could disguise fundamental weakness. […]
Regulators are intensifying their efforts to prevent the operators of social networks from launching digital currencies that may subsequently prove hard to dislodge. During the last week, global financial regulators […]
If you want to get regulators onside to launch a new global payments technology, there’s one place in particular where you need to plead your case. It’s Basel in north-west […]
Last week, France’s finance minister slammed Libra, Facebook’s proposed payments coin, for encroaching on a key area of national power. Bruno Le Maire said his country would block the development […]
Facebook’s new payment initiative, Libra, is already causing discord between policymakers in the UK and those in other European Union countries. Libra, which is heavily backed by Mark Zuckerberg’s social […]