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In 2025, payments firms must prioritise compliance, open banking expansion, and stablecoin readiness to navigate regulatory shifts and drive growth. In 2025, three priorities stand out: safeguarding customer funds, expanding open banking, and preparing for stablecoin regulation.
Home News Crypto Coinbase launches stablecoin payments service Editorial This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. But what about consumerprotection from fraud? trillion to $3.7 trillion by 2030.
Legislative reform: The EBA recommends that PSD3/PSR clarify the requirements applicable to EMT transfer services, avoiding duplicative regulatory authorisation requirements while ensuring robust consumerprotection and market integrity. What happens before PSD3/PSR applies?
Location Joburg Followers 5 Opinions 23 Follow Unfollow For years, stablecoins existed in a regulatory grey zone – popular as “digital cash” but lacking official oversight. policymakers have sketched out the first federal framework for payment stablecoins. This means the “stable” in stablecoin is now legally enforceable.
Most of these centre on how firms handle digital assets, particularly stablecoins, as well as the operational and legal adjustment needed to navigate the changing landscape. Stablecoins, as a subset of digital assets, have been a focal point of both the Bill and the FCAs regulatory discussions.
The FCA’s proposed safeguarding reforms for payments and e-money firms, aiming to enhance consumerprotection and operational compliance. The reforms ensure robust safeguarding practices, bolster consumer trust, and address risks like fund shortfalls during insolvency. Why is it important?
Community Your feed Latest expert opinions Groups Join the Community 23,368 Expert opinions 42,409 Total members 322 New members (last 30 days) 190 New opinions (last 30 days) 29,102 Total comments Join Sign in Pay with TRIO: The E-Commerce Breakthrough with Stablecoins. Stablecoins vs. Fiat for E-commerce. Stablecoins Pros.
2024 reshaped payments with instant payment mandates, crypto regulations, and enhanced consumerprotection driving innovation and security. In 2024, payments regulation underwent seismic shifts, with reforms spanning fraud prevention, digital innovation, and consumerprotection, collectively redefining the industry’s future.
.” New technologies gathering pace The research also reveals that adoption of technologies like open banking (54%) and digital currencies (49%) is gathering pace in the sector, with a growing number of firms also now using and AI analytics (34%), blockchain (32%), embedded finance (26%) and stablecoins (20%). ” says Campbell.
Paxos has launched its stablecoin, Global Dollar (USDG) , in the European Union, with the rollout beginning on 1 July. The stablecoin is available through platforms including Kraken, Gate, Coinmetro, SwissBorg, Zodia Custody, Orbital, Hercle, CoinsPaid, Bitwyre, Bitnet and HiFi. said Mark Greenberg, Global Head of Consumer at Kraken.
As the EUs most extensive effort to regulate the crypto market, MiCA seeks to address longstanding issues such as regulatory fragmentation, consumerprotection, and market stability. The regulation introduces strict requirements for stablecoin issuers, including robust reserve backing, transparency, and governance.
How the FCA can define and balance acceptable risk in UK payments regulation to support innovation while ensuring financial stability and consumerprotection. From embedded finance and AI-driven risk tools to stablecoins and alternative payment rails, the pace of change is relentlessbut regulation has struggled to keep up.
Among these, the integration of blockchain and stablecoins in cross-border payments and treasury management emerged as a central theme. Now, digitally native businesses are leveraging blockchain and stablecoins not to speculate, but to optimise cost and speed in cross-border transactions.
Open banking Open banking– specifically the recently released Section 1033 of the Dodd-Frank Wall Street Reform and ConsumerProtection Act– was one of the hottest topics of the show. Among the hottest topics were cross-border payments, stablecoins, and instant payments.
The webinar addressed key challenges such as understanding authorisation processes, transitional requirements for businesses operating under previous regulations and the regulatory framework for stablecoins.
It offers practical, high-level analysis of what’s live, what’s coming into force, and what’s under active consultation, covering fraud liability, stablecoin oversight, instant payments, digital operational resilience, and future developments such as the digital pound and digital euro. Firms should act swiftly to meet the new standards.
Any future digital pound will likely co-exist with stablecoins, e-money, tokenised deposits and an upgraded account-to-account payment infrastructure. Each option will have its solutions to the issues that the Bank of England is grappling with, such as how to avoid double spending, reduce fraud, protect privacy and manage operational risks.”
Stablecoins vs. Fiat for E-commerce. Stablecoins Pros. Reduced Transaction Costs and Fees (including cross-border) Stablecoin transactions are significantly faster than traditional methods, often confirmed in seconds or minutes. There is a need to re-establish Trust between Buyers and Sellers. Pros and Cons.
Central banks view fintech as crucial for financial continuity and trust, emphasising cybersecurity and consumerprotection. Mike Wilcox, global COO and UK CEO of Blockchain.com highlighted the maturity of digital assets and the growing use cases, including stablecoins and tokenisation.
Over the past decade, the payments industry has developed and deployed AI tools that have made payments faster, more secure, and has unlocked numerous benefits for the payment industry and consumers alike. Digital Assets - Digital assets, including payment stablecoins, have the potential to change how commerce happens.
Critics argue that BNPL promotes overextension, encourages poor financial habits, and lacks the consumerprotections built into traditional credit. But it’s also a model under increasing scrutiny and regulatory pressure. BNPL reflects a key tension in financial innovation, offering convenience while avoiding exploitation.
Home News Crypto Paxos launches stablecoin in the EU Editorial This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Paxos launches stablecoin in the EU Digital asset outfit Paxos has launched its Global Dollar (USDG) stablecoin across the European Union.
The settlement resolves an April 2022 civil lawsuit filed in federal court in New York City by the state and Consumer Financial Protection Bureau, which withdrew as a plaintiff in April 2025. As part of the settlement approved Monday by a federal judge, the AG also cited MoneyGram for failing to investigate errors and complaints.
The Louisiana legislators see their new law as an advantage for workers, but “they don’t put all the protection in there to make sure it’s an advantage,” FlexWage’s vice president of compliance, Carl Morris, said in an interview. Morris and FlexWage have argued for more robust consumerprotections for EWA users.
The Bank Policy Institute, which counts JPMorgan as a member, sued the bureau last year, arguing that the CFPB had exceeded its statutory authority in crafting the open banking rule, which stems from Section 1033 of the 2010 Dodd-Frank Wall Street Reform and ConsumerProtection Act.
The department’s evaluation of BNPL lending comes as another executive branch agency, the Consumer Financial Protection Bureau, has retreated from a rule interpretation under which it had planned to afford BNPL users many of the same consumerprotections required for credit cards. You can unsubscribe at anytime.
The Bank for International Settlements (BIS) has released a report, “Stablecoins: Regulatory Responses to Their Promise of Stability,” analysing the regulatory environments for stablecoins across seven distinct jurisdictions.
The growing adoption of stablecoins across Asia marks a significant shift in the regions financial landscape. dollar-pegged stablecoins like USDT and USDC primarily dominate the cryptocurrency topography. Tether (CNHt) Tether CNHt is a stablecoin that is pegged to the offshore Chinese Yuan (CNY). Traditionally, U.S.
The Consumer Financial Protection Bureau is looking into how it can apply existing privacy and consumerprotections laws to emerging digital payments offered through Big Tech, as well as stablecoins and other cryptocurrencies.
With the UK's financial watchdogs set to establish a regulatory regime for stablecoins, payment service providers must brace for stringent new standards in operations, redemptions, audits, and consumerprotection. Read more
” Stablecoins will take 2024 by storm Marc Taverner, CEO and co-founder of XEROF The world of digital assets and cryptocurrencies will play host for the next big payments trend according to Marc Taverner , the CEO and co-founder of XEROF , a Swiss financial services provider specialising in cryptoassets.
This collaboration will see Standard Chartered providing essential services such as cash management, trading and custody, aimed at bolstering the infrastructure that supports these stablecoins. The post Paxos and Standard Chartered Form Strategic Alliance to Manage Stablecoin Reserves appeared first on The Fintech Times.
2023 marked a pivotal year in the Asia-Pacific (APAC) region’s approach to crypto regulation, influenced significantly by the preceding implosion of Sam Bankman-Fried’s FTX exchange and the collapse of of Terra, the algorithmic stablecoin created by Korean entrepreneur Do Kwon.
The Office of the Comptroller of the Currency (OCC) released a letter that explained the authority of federal savings associations and national banks to keep “reserves” for clients who are issuers of stablecoins in some cases, according to a Monday (Sept. 21) press release. Acting Comptroller of the Currency Brian P.
In addition, stablecoins have emerged as the preferred medium for a significant portion of these illicit activities, driven by their perceived stability and ease of use. A significant regulatory development in 2023 was MAS’s finalisation of a stablecoin regulatory framework.
By providing legislative clarity to both stablecoins and staking, the UK has greenlit the asset class for investment opportunities and widespread adoption. This encourages experimentation while ensuring consumerprotection. Clear communication and guidance, so businesses aren’t caught out. They need to work.”
The draft statement seen by Reuters indicated that any electronic currency system would have to be “appropriately supervised and regulated so that they would not undermine financial stability, consumerprotection, privacy, taxation or cybersecurity.”.
New regulations were introduced to safeguard customer assets and finaliSe the regulatory framework for stablecoins , with Paxos and StraitsX receiving approvals to issue regulated USD and SGD stablecoins. million from just US$4.1 million in the first half.
“Our community at The Payments Association is committed to supporting the government and its authorities to produce a compelling, whole-ecosystem NPP by engaging with members from across the payments value chain, from retail stablecoin issuers to cash schemes, in this critical work.
The imminent introduction of stablecoins and other financial instruments on prominent blockchain networks underscores their role in bridging the old financial systems with the new digital-led era. It will also help cement critical consumerprotections necessary to give users the confidence to engage in new products and services.
The aim of this initiative is to establish a “trusted, world-leading payments ecosystem” by promoting innovation, competition and consumerprotection within the payments sector, that can help the UK regain global leadership in payments and unleash growth.
No global stablecoin arrangement should begin operation in the European Union until the legal, regulatory and oversight challenges and risks have been adequately identified and addressed,” the ministers said in a joint statement. “No Tackling the challenges raised by global stablecoins requires a coordinated global response.
Key areas of impact include fraud prevention, card fee structures, accessibility standards, stablecoin usage, and the treatment of consumer data in evolving open finance ecosystems. Implementation is expected in late 2025 or early 2026, bringing stablecoin issuers, custodians, and payment processors under FCA supervision.
The bank stressed that the digital currency is not a cryptocurrency or a stablecoin — instead, it’s just a digital version of the existing paper currency, intended to help smooth things over for people without access to a physical bank, according to CoinDesk. The intent is to start a fully-fledged central bank digital currency (CBDC).
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