Tag: UK government


Fintechs call on UK government to put an end to hidden fees in cross-border payments

July 24, 2023

Via: FinTech Futures

The letter says that there is currently “widespread practice of firms showing currency conversion services as have ‘zero fees’ or ‘0% commission’”, but claims this is “highly misleading when a much larger charge is embedded in the exchange rate, ranging […]


UK government to strengthen rules around crypto

February 2, 2023

Via: FinTech Futures

Given the recent volatility and “structural vulnerability” within the cryptosphere, the government will strengthen rules for crypto trading platforms and crypto lending in line with traditional finance. Economic secretary to the Treasury Andrew Griffith says that while the government is […]


Increased Scrutiny in the U.S. and the UK on the Financial Activity of Russian Oligarchs

January 20, 2023

Via: JD Supra

As the war in Ukraine rages on, recent advisories from financial crime agencies in the United States and the United Kingdom indicate heightened scrutiny on financial activity of Russian individuals and entities, including persons closely connected to the Kremlin. The […]

Capital and Risk, Operational, Regulations

UK government unveils digital identity plans based on wallet tech

February 17, 2021

Via: FinTech Futures

Conservative MP and minister for digital infrastructure, Matt Warman, led the policy paper and calls it “a first stage industry prototype”. He also cites Canada, Australia, Sweden and New Zealand – countries taking similar approaches to digital identity as the […]