Legal

1069 articles tagged with this keyword

/people

Trump pardons Binance founder Zhao

Donald Trump has pardoned Changpeng Zhao, the billionaire founder of crypto exchange Binance, who served prison time after pleading guilty in 2023 to enabling money laundering on the platform.

/crypto

US seizes $15bn in bitcoin from alleged forced-labour pig butchering scam

The US government has seized nearly $15 billion worth of bitcoin linked to a Cambodian man accused of running "forced-labour" cryptocurrency “pig butchering” scams.

/markets

US shutdown could spark regional bank crisis says fintech CEO

The layoffs of federal workers in the US as a result of the government shutdown could create numerous blind spots in the regulation of the country's banking sector, says the CEO of a fintech startup.

/payments

G20's cross-border payments plan to miss 2027 deadline

Payment firms have reacted with disappointment to the news that a plan promoted by the G20 to make cross-border payments more efficient is set to miss its first deadline.

/crypto

FCA lifts retail ban on crypto ETNs

The UK's financial watchdog has ended its four year ban on the use of crypto-based exchange traded notes (ETNs) by retail investors in a move that could add 20% to the UK's crypto market

/startups

Frank founder Javice sentenced to seven years in prison for defrauding JPMorgan

Charlie Javice has been sentenced to seven years in prison for defrauding JP Morgan Chase in the $175 million deal to buy her fintech Frank.

/retail

Metro Bank settles software infringement case

Metro Bank has settled a a legal claim with US software company Arkeyo over allegations that it leaked the company's coin counting technology to a rival firm.

/retail

CFPB sues Synapse for mishandling customer funds

The Consumer Financial Protection Bureau (CFPB) has filed a complaint against Synapse Financial Technologies for allegedly losing customer funds when the company filed for bankruptcy protection.

/payments

New York AG sues Zelle parent, claiming 'massive' fraud losses

New York's attorney general has sued the operator of bank-backed P2P payments service Zelle for failing to protect users from "massive amounts of fraud".

/regulation

BVI survey attempts to woo cross-border fintechs

Fintech’s international expansion plans are being thwarted by a fragmented regulatory landscape, according to recently published research designed to promote the role of international finance centres (IFCs).

/crypto

Hong Kong to issue first stablecoin licences in early 2026

Hong Kong's financial regulator has stated that the first stablecoin licences will not be issued this year despite the fact its stablecoin legislation has taken effect as of today.

/payments

Visa and Mastercard face another UK class action suit over card fees

Visa and Mastercard are facing another multi-billion pound UK class action lawsuit for allegedly unlawful interchange fees.

/crypto

Wall Street names announce stablecoin plans

Two of the biggest names on Wall Street are seemingly about to enter the stablecoin market based on comments made by their senior executives.

/payments

Judge dismisses antitrust suit against Apple, Visa and Mastercard

A US judge has dismissed a lawsuit accusing Apple, Visa and Mastercard of conspiring to suppress competition in the market for point-of-sale payment card services, according to Reuters.

/crypto

Pair jailed for £1.5m crypto fraud

A UK judge has sentenced two men to a combined 12 years in prison for a £1.5 million cryptocurrency fraud.

/payments

UK tribunals rules Visa and Mastercard fees breach competition law

The UK's Competition Appeal Tribunal has ruled that Visa and Mastercard's multilateral interchange fees charged to retailers breach European competition law.

/crypto

Kraken issued crypto licence in Ireland

Crypto exchange Kraken has become the first company to be awarded a Markets in Crypto Assets (Mica) licence from Ireland's central bank.

/ai

Irish bankers concerned about job displacement through AI - survey

The vast majority of employees in Ireland's financial services believe that the rise of AI will lead to job displacement across the industry, according to a recently released survey.

/payments

Sezzle files antitrust suit against Shopify

BNPL provider Sezzle has sued Shopify, alleging that the e-commerce marketplace has been stifling competition on its platform.

/payments

UK court finalises £200m Mastercard settlement

Mastercard's £200 million settlement of a class action lawsuit brought on behalf of British consumers has been signed off by the Competition Appeal Tribunal in a move that could see millions of shoppers receiving up to £70 each.