Apple faces US antitrust suit over Apple Pay
Apple is facing an antitrust class-action lawsuit in the US accusing it of illegally profiting from card issuers through policies that prevent competition to its Apple Pay wallet.
FSB stresses need for regulation of crypto-assets
Source: FSB
Against the backdrop of the recent turmoil in crypto-asset markets, the Financial Stability Board (FSB) made the following statement today on the international regulation and supervision of crypto-asset activities.
Bank of England to announce crypto regulation
The Bank of England’s Financial Policy Committee has called for widespread crypto regulation, reported Coindesk on Wednesday.
ECB to issue eurozone warning over crypto regulation – FT
The European Central Bank (ECB) is expected to issue a strong warning to eurozone countries around the pressing need to harmonise regulation across the crypto industry, the FT reports.
EU reaches agreement on landmark MiCA regulation for crypto
The Council Presidency and European Parliament have settled on the Markets in Crypto-Assets (MiCA) proposal; ruling that crypto-asset service providers will require authorisation to operate in the EU, not including NFTs or media-related digital assets.
Charles Schwab pays $187m to settle SEC robo-advisor charges
Subsidiaries of Charles Schwab have agreed to pay $187 million to settle SEC charges that they misled clients about fees for the broker's robo-advisor product.
UK financial regulators to be given powers over Big Tech cloud providers
The UK's financial regulators are to be given powers to test the resilience of big cloud providers like IBM, Google, Microsoft and Amazon and perform on-site inspections.
Regulators seek legal ground for revoking licences of firms who breach AML rules
European regulators are pushing for new laws that would give them the power to revoke licences for firms in serious breaches of anti-money laundering rules.
