archiveregulations

Europe is likely to retain open banking’s largest market share, supported by incoming Payment Services Directive regulation The UK offers successful examples for open banking use cases, as its industry bodies continue working to make payments safer and more frictionless A focus on building consumer trust can speed up the open banking adoption curve and enable more use cases The adoption of the third iteration of the Payment Services Directive may be seen in 2025, which — among other changes — looks to improve the framework for open banking, a...

Disgraced cryptocurrency entrepreneur Sam Bankman-Fried was convicted in his fraud trial at the beginning of November. A jury in New York found him guilty on seven counts. The sentencing will not be decided until March next year, but he could face a sentence of more than 100 years in prison.After graduating from university, Mr Bankman-Fried worked as a cryptocurrency trader at the brokerage firm Jane Street. He made a fortune by betting on bitcoin price differences on exchanges in the US and Asia. In 2017, he set up his own brokerage...