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Shanghai Opens Digital Yuan Center to Expand Cross-Border Payment Systems
China has opened a digital yuan operations center in Shanghai, advancing its central bank digital currency strategy. The hub will manage cross-border payment networks, blockchain services, and digital...
FCA closes Wellesley & Co Limited investigation
We have decided to take no further action against Wellesley & Co Limited (WCL) after our investigation found no evidence of serious misconduct. We announced the investigation into WCL in 2022 followin...
Auto Industry Wrestles With Challenge of Tariffs and Cautious Consumers
The auto industry is reportedly being rocked by tariffs, the expense of electrification and cautious consumers. The troubles of some companies in this sector may signal difficulties to come...
Sony Bank Spins Off Web3 Subsidiary to Deepen Digital Asset Services
Sony Bank has established BlockBloom Inc., a wholly owned subsidiary that will develop Web3 services, including digital assets, NFTs, and blockchain infrastructure. Announced on Thursday, the move fol...
FCA launches £1 million campaign to raise awareness of motor finance compensation scheme
The FCA is launching a £1 million campaign, letting motor finance customers know they don’t need to use a claims management company (CMC) or law firm to access an industry-wide compensation scheme ...
FCA closes Wellesley & Co Limited investigation
We have decided to take no further action against Wellesley & Co Limited (WCL) after our investigation found no evidence of serious misconduct. We announced the investigation into WCL in 2022 followin...
Student Loan Borrowers Face ‘Reckoning’ With 29% Delinquent 
New TransUnion data shows almost 30% of student loan borrowers behind on their payments. Millions of these delinquent borrowers are now preparing for involuntary collections from the U.S. D...
Response to Government consultation on future of payment systems regulation
Responding to today’s launch of the consultation on future payment systems regulation, David Geale – FCA, Executive Director, Payments and Digital Finance and Payment Systems Regulator (PSR) Manag...
XRP’s DeFi utility sparks as liquid staking vault nears $20 million
XRP holders eager for yield opportunities have quickly embraced mXRP, the first liquid staking token native to the token’s ecosystem. On Sept. 25, blockchain infrastructure provider Axelar revealed ...
PayPal Partners With DeFi Firm Spark to Boost PYUSD Stablecoin Liquidity
Decentralized finance firm Spark onboarded PayPal’s stablecoin, PYUSD, and plans to grow it. PYUSD deposits on Spark’s decentralized, non-custodial liquidity market for lenders and borr...
Newswire > Tag: finance
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