High-Level Political Intervention Could Get Revolut The UK Banking License

FinTelegram recently reported that the Revolut banking license in the UK may or may not be granted. Speculation suggests that regulators might deny Revolut the license. However, the UK government has intervened and facilitated high-level political discussions with Revolut, the UK's highest-valued fintech as part of its growth strategy.

U.S. Chamber Of Commerce Backs Coinbase And Criticizes SEC!

The U.S. Chamber of Commerce is backing crypto exchange Coinbase in its legal battle with the SEC, calling the agency's actions illegal. The U.S. Chamber of Commerce filed an amicus brief on May 9 criticizing the U.S. Securities and Exchange Commission (SEC) in its case against crypto exchange Coinbase.

“Crypto Is Not A Security,” SEC Chair Gary Gensler Told Students!

SEC chief Gary Gensler was not always on a crusade against crypto. An old video even shows him claiming that most crypto assets are commodities. The video circulating on Twitter shows Gary Gensler giving a talk as part of a blockchain course at MIT in 2018. At the time, Gensler was the professor of the graduate course "Blockchain and Money."

MiCA: The EU Welcomes Crypto As Part Of Its Monetary System!

While U.S. lawmakers and regulators struggle to deal with the crypto challenge, the EU has embraced crypto and made it part of the European financial system. Last week, the EU Parliament passed the Markets in Crypto-Assets (MiCA) framework establishing crypto as part of the European monetary system.

Congressman Introduces Legislation To Fire Gary Gensler!

Congressman Warren Davidson, Ohio’s 8th District in Congress, says he is introducing legislation to fire SEC Chairman Gary Gensler. An Executive Director role will replace the Securities and Exchange Commission (SEC) Chairman, and former chairs of the SEC will be ineligible, the Congressman said. Is No Longer Available In German Due To BaFin Investigation! has been unavailable in Germany for some time. The Singapore-based crypto exchange has announced that it will withdraw from the Federal Republic due to investigations by the German regulator BaFin.

German Regulator Imposed Penalties On Auditor EY For Wirecard Scandal!

The German subsidiary of the big four auditing firm EY must wait to undertake new audit mandates with public interest groups for two years. In addition, the state supervisory authority APAS imposed fined for EY and involved auditors.

US OCC Appoints Prashant Bhardwaj To Head New Fintech Office!

The U.S. Office of the Comptroller of the Currency (OCC) has established a new office of fintech and appointed Prashant Bhardwaj to head the department as deputy comptroller and chief financial technology officer.

Bafin Investigates!

Bafin has opened investigations against against that may have directed its offering to customers in Germany without sufficient permission. Meanwhile, is withdrawing from the German market.

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