LONDON–A British appeals court has ruled in favor of retailers here in a decision against Visa and Mastercard, could now face billions of pounds in damages, according to analysts.
THE globe
CU News From Around the Planet
OTTOWA, Canada—The government of Canada, through its crypto regulation agencies, has released an official draft on new rules affecting cryptocurrency exchanges and payment processors.
BEIJING, China—China’s central bank has filed a patent application for a digital wallet that consumers can use to track all their cryptocurrency transactions.
TOKYO—The Japan Virtual Currency Exchange Association, a self-regulating body of 16 exchanges, has announced a plan for a new set of guidelines that are designed to prevent money laundering, insider trading, market manipulation, and to increase know-your-customer (KYC) requirements.
LONDON—For the first time, electronic debit card payments in the U.K. have outnumbered cash purchases.
HANGZHOU, China—Ant Financial Services has taken a strong step toward pushing its way into the international remittances business by lowering the cost of sending money using a blockchain-based platform.
PARIS—The Financial Action Task Force is planning to introduce new rules related to cryptocurrency exchanges this month.
MADISON, Wis.–Changes recommended by the World Council of Credit Unions have been included in two finalized standards by the Basel Committee on Banking Supervision and the International Organization of Securities Commissions.
KILKENNY, Ireland–A credit union here has been hit with the largest ever assessed an Irish CU. St, Canice’s Credit Union was fined €210,000 by the Central Bank for its failure to report a data breach to the regulator.
EDMONTON, Alberta–Servus Credit Union here announced it has entered into a three-year deal with the Edmonton Eskimos of the Canadian Football League to become the official “un-bank” of the Green and Gold and 2018 Grey Cup Festival.