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Latest Results from /regulation

/regulation

Revolut to invest €1 billion in France and apply for banking licence

Revolut is to invest more than $1 billion to expand its operations in France over the next three years as it prepares to apply for a French banking licence.

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Aveni launches FinLLM with backing from Lloyds and Nationwide

Lloyds and Nationwide-backed fintech Aveni has released the first version of its domain-specific large language model for financial services, FinLLM.

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GIST Impact partners with Global Canopy to help financial institutions assess deforestation risk

The collective goal of this partnership is to make deforestation analysis the norm at every financial institution.

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ECB sets back deadline for non-bank PSP access to Target

The European Central bank has postponed a deadline for allowing non-bank payment service providers (PSPs) to access central bank-operated payment systems, including the Target settlement system.

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Leading retailers urge EU to crack down on Visa and Mastercard fees

Europe's largest retailers have banded together to press the European Commission to crack down on fees charged by Visa and Mastercard.

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BIS and NY Fed test policy implications of future tokenised market

The Federal Reserve Bank of New York and the Bank for International Settlements (BIS) have published a joint research study that explored how central banks could continue to implement monetary policy operations in tokenised wholesale financial markets.

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Bank of London faces regulatory probe as auditor raises uncertainty over future

The Bank of London says it is under investigation by UK regulators in a move its auditors warn could cast "significant doubt" over its future.

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BitGo secures EU crypto custody licence

US-based crypto custodian BitGo has become one of the first non-EU firms to secure a licence under the EU's Markets in Crypto Assets (MiCA) directive.

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1.2m UK customers affected by February bank outages

A major outage suffered by UK high street banks on the last Friday of February affected more than 1.2m customers, according to a recently released House of Commons report.

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Ex-Celsius CEO Mashinsky gets 12-year sentence for crypto fraud

Alexander Mashinsky, the former CEO of crypto firm Celsius Network, has been sentenced to 12 years in prison for commodities fraud and securities fraud.

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New Hampshire becomes first US state to establish Strategic Bitcoin Reserve

This week, Governor Kelly Ayotte signed House Bill 302 into law, paving the way for NH'S Treasury to allocate up to 5% of public funds to these assets. The legislation is based on a plan by pro-Bitcoin non profit Satoshi Action Fund.

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Capgemini launches perpetual KYC sandbox

French IT services and consulting company Capgemini is claiming an industry-first after releasing its perpetual KYC (pKYC) sandbox.