EU Retail Payment Strategy
published on 19 November 2020
Categories
General, AML Laws, Credit cards, Cryptocurrencies, Mobile payment, Regulation, SEPA
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EBA publishes Q&A on Merchant Initiated Card Transactions – The end of PSD2 nightmares of PayPal, Amazon, Xing, car rental agencies and hotels?
published on 8 March 2019
On 1st of March, the European Banking Authority (EBA) published an answer to a question which had been submitted by the card schemes. What impact will this have on the various use cases or the liability of the card issuer and how does BaFin view this?
Categories
ICOs and Crypto-Assets – EBA Report and ESMA Advice
published on 10 January 2019
The European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) published their reports on ICOs and Crypto-Assets on 9 January 2018 (EBA Report and ESMA Advice). Both EU authorities highlight issues relating to the current EU regulatory framework and call for an EU-wide approach to ICO and Crypto-Asset regulation.
Categories
FATF prepares global guidelines for crypto currencies
published on 27 October 2018
Our previous articles showed the influence of national and european legislation on virtual currencies, however only being a partial area of the payment business. Here is also an example of international influence: The Financial Action Task Force (FATF) published a statement on 19th October. The FATF plans the progressive publication of guidelines for the supervision and control of virtual asset service providers.
Categories
BaFin circular on virtual currencies
published on 22 October 2018
A new circular by BaFin addresses BaFin’s concerns to financial institutions regarding AML-Compliance in connection with virtual currencies. The circular also indicates BaFin’s view regarding a license requirement for cryptoexchange platforms upon the „Bitcoin-ruling“.
