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The Latest Breaking News from Financial Regulation

Wednesday briefing: Why Labour wants to cut financial red tape – and why critics fear that risks a new crisis

In today’s newsletter: Rachel Reeves has announced the ‘biggest financial regulation reforms in a decade’ – but are they enough to spark the economy?

The Guardian - UK

The Hidden Dangers of Crypto Gambling - And What Australia Is Doing About It

You might think of crypto gambling as just normal betting with a tech twist, but you'd be ignoring some very real risks that regulators worldwide are scrambling to address. As cryptocurrency gambling websites have grown from literally nothing to a $65 billion industry in just five years, they've also created…

inkl

Manchester City Faces Relegation Risk Amid Financial Regulation Charges

Manchester City's Premier League dominance faces relegation concerns amid financial charges.

Top News

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FTX and Binance: how latest crypto scandals could influence public opinion on digital currency regulation

True believers in cryptocurrency have had a rough few weeks. The US government just fined Binance – the world’s largest crypto exchange – US$4.3 billion (£3.4 billion) for its involvement in money laundering.

The Conversation

Nigeria and digital banking: a revolution still waiting to happen

At the end of 2022 the Central Bank of Nigeria launched new banknotes. At the same time it also capped withdrawal of the new banknotes. The rollout of the currency change was shambolic. But it also led people to turn to digital financial services such as the use of point…

The Conversation

FinTech Scotland hails sector growth in line with roadmap

The number of Scottish SMEs increased by 13% year-on-year - with both new fintechs and international firms setting up here

Insider UK

The fall of SVB: Another predictable bank failure

The run on Silicon Valley Bank (SVB) -- on which nearly half of all venture-backed tech start-ups in the United States depend -- is in part a rerun of a familiar story, but it's more than that. Once again, economic policy and financial regulation have proven inadequate.

Bangkok Post

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Celsius Network Is A Ponzi Scheme, Suggests Vermont Regulator; Slams CEO For 'False' Statements

The Vermont Department of Financial Regulation has outlined a variety of state concerns about unregistered securities offerings and fraud committed by the cryptocurrency firm Celsius Network, suggesting that the compan

Benzinga

Tory Treasury minister Richard Fuller should be sacked over tax haven second jobs, Labour says

Richard Fuller oversees financial regulation but his employers have links to tax havens

The Independent UK

New UEFA rules that impact Manchester United and Man City ahead of 2022/23 season

UEFA have introduced a new set of regulations described as the "most significant reform to the financial regulation of European football in a generation".

Manchester Evening News

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