Fintechbits

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Regulation news

Regulation covers the decisions themselves: rules proposed and finalised, licences granted and refused, enforcement actions, consent orders and the penalties attached to them. Fintechbits follows what a supervisor did and what it now requires a firm to change, across the SEC, CFPB, OCC, FDIC, FinCEN and the Federal Reserve in the United States, the FCA and Bank of England in the UK, and the ECB, EBA and national regulators applying MiCA and PSD3. Coverage extends to the comment periods, lobbying and court challenges that decide whether a rule survives contact with the industry. It is an event hub rather than a subject: the compliance software a firm buys to meet a rule belongs under regtech, and a rule aimed squarely at one market, such as stablecoin reserves or open banking access, is covered on that market's hub as well.

Latest developments

CONSOB has authorised YouHodler's Italian arm under MiCA for custody, exchange, execution and transfers, though the licence does not cover crypto-backed lending. In Dubai, VARA granted Payward a full market licence, and the CSSF licensed Carta as a fund administrator in Luxembourg. Modern Treasury applied to the OCC for a limited-purpose national trust bank to custody stablecoins, and Block filed for a national trust charter to hold bitcoin and stablecoins. Argentina's central bank cleared Revolut's purchase of Banco Cetelem from BNP Paribas Personal Finance, and Colombia's financial regulator gave Revolut its sixth full banking licence worldwide. The Corpay FTC settlement ended a fuel card case for $100 million, with CEO Ron Clarke facing no personal payment.

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Latest regulation coverage

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