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Found 8 items · updated 12:21 AM
Oct 14Wed
  1. CoinDeskSource summary74

    Philippines’ largest crypto exchange Coins.ph reportedly faces central bank regulatory action

    Two people familiar with the matter said the Bangko Sentral ng Pilipinas is taking regulatory action against crypto exchange Coins.ph over alleged violations involving the provision of services to offshore gambling platforms, which could, in serious cases, lead to the revocation of its license. Earlier this month, the Bangko Sentral ng Pilipinas reportedly restricted deposits to the exchange through its main wallet operator, DCPay Philippines, and several compliance executives also left this year. Coins.ph has more than 18 million customers and controls approximately 75%-80% of the Philippines’ peso-to-stablecoin liquidity.

    推荐理由：The report links the licensing risk, restrictions on deposits through DCPay and the departures of compliance team members, helping readers understand the potential regulatory impact on the Philippines’ crypto trading and stablecoin liquidity.

Oct 12Mon
  1. CoinDeskSource summary73

    FSB calls for stronger cross-border information sharing and stablecoin crisis response plans

    The Financial Stability Board (FSB) warned that global stablecoins and national regulatory frameworks have not yet been tested by a severe market crisis, potentially exposing cross-border gaps in redemptions, reserve transfers and the recovery of holders’ funds. The FSB recommended strengthening cross-border information sharing and monitoring, as well as contingency planning for stablecoin distress or failure; stablecoin market capitalization has risen from approximately $206 billion at the beginning of 2025 to $306 billion. The recommendations are not legally binding, but members typically commit to implementing common standards domestically.

    推荐理由：The report outlines the challenges posed by multi-issuer structures, cross-border reserve transfers and 24/7 trading, helping explain why stablecoin crisis management requires cross-border coordination.

Sep 30Wed
  1. FCA (UK)Source summary63

    FCA and partner agencies raid 3 London sites suspected of illegal peer-to-peer crypto trading

    FCA, HMRC and the Metropolitan Police took action at 3 London sites suspected of facilitating illegal peer-to-peer crypto trading and issued cease-and-desist letters to all sites, requiring them to stop suspected illegal crypto activity. Conducting peer-to-peer crypto trading commercially in the UK requires appropriate registration, and there are currently no FCA-registered peer-to-peer crypto businesses operating. The action was taken on 10 September 2026 under the Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017.

    推荐理由：The action demonstrates the UK's enforcement approach to unregistered peer-to-peer crypto trading and highlights that such businesses need to comply with anti-money laundering registration requirements.

  2. FCA (UK)Source summary68

    FCA will take over AML supervision of 60,000 entities in the legal and accounting sectors at the end of 2028

    FCA will become responsible for AML supervision of 60,000 entities in the legal and accounting sectors at the end of 2028, and has pledged to adopt a risk- and intelligence-led approach to reduce unnecessary burdens on compliant firms. FCA said its intelligence system can process more than 56 million records a day and will use technology to identify high-risk firms earlier. The agency also said it will focus resources on higher-risk financial crime activities by raising the threshold for suspicious activity reports to £3,000 and reducing duplicate requirements.

    推荐理由：The material sets out the timing and scope of FCA’s expanded AML supervision, as well as its technology-led supervisory approach, enabling the legal and accounting sectors to understand future regulatory arrangements.

Jan 30Fri
  1. Checkout.com BlogSource summary79

    Checkout.com updates PSD3 and PSR merchant guides, focusing on European payment compliance readiness

    Checkout.com has updated its PSD3 and PSR guides for merchants, outlining the proposed changes agreed by the European Parliament and the Council; following formal adoption and the end of an approximately 21-month transition period, the measures are expected to apply in 2027. The guides focus on fraud detection, SCA accessibility, fraud refunds, IBAN and account name verification, and the requirement for disputes, including chargebacks, to be resolved within 14 days; PSD3 covers the EU/EEA and will not automatically apply to the UK.

    推荐理由：The article breaks down the impact of PSD3 and PSR on European merchants across fraud prevention, SCA accessibility, refund liability, and dispute handling, making it easier to assess payment system readiness.

Nov 21Fri
  1. CFPBSource summary63

    CFPB supervision division issues a “humility pledge” and adjusts its examination approach

    The CFPB supervision division issued a “humility pledge,” announcing that it will focus examination resources on urgent risks facing consumers and within the scope of its statutory authority. In 2026, examinations will be announced to supervised entities in advance, reduce duplicative supervision, raise questions and require remediation around clearly defined scopes and unlawful patterns involving substantial consumer harm, and shorten examination timelines.

    推荐理由：The CFPB is limiting supervisory examinations to the scope of its statutory authority, priority markets, and identifiable consumer harm, while adjusting notification, data requests, and examination timelines.

May 15Thu
  1. CFPBSource summary61

    CFPB amends Wise remittance business consent order, reducing penalty to approximately $45,000

    CFPB amended the remittance business consent order with Wise, requiring it to continue compensating affected consumers and reducing the penalty from the originally set $2.025 million to approximately $45,000. The case previously involved Wise misrepresenting ATM fees, insufficiently disclosing exchange rates and other costs, and failing to refund fees for remittances delayed in delivery within the legally mandated time limit; the original order also required it to pay approximately $450,000 to consumers, involving at least 16,000 consumers who were overcharged.

    推荐理由：The amended order both preserves consumer relief and adjusts the penalty amount, illustrating CFPB’s specific requirements regarding remittance fee disclosures, refund deadlines, and enforcement actions.

May 6Tue
  1. CFPBSource summary67

    CFPB Will No Longer Prioritize Enforcement Actions Based on BNPL-Related Documents

    CFPB announced that it will no longer prioritize enforcement actions based on the Truth in Lending (Regulation Z); Use of Digital User Accounts to Access Buy Now, Pay Later Loans document. CFPB said it will focus its enforcement and supervisory resources on urgent threats to consumers, especially servicemembers and veterans, and is considering taking appropriate action to rescind the Buy Now, Pay Later document.

    推荐理由：The announcement outlines both the shift in enforcement resources and the consideration of rescinding the relevant document, helping distinguish between the announced enforcement priorities and the policy action still under consideration.