TFU | Jun. 17-23

Facebook announced its new cryptocurrency, Libra, which brought immediate scrutiny from global lawmakers, including the U.S. Senate Banking Committee; Alipay partnered with six European mobile wallets to implement QR codes in their services; Ripple invested $50M in MoneyGram, which will use Ripple technology to conduct money transfer and settlement; two Nordic banks are trimming compliance staff in favor of AI tools; and Grab is considering applying for a Singaporean banking license.

TFU | Jun. 10-16

Senator Warren sent a letter to several U.S. regulators seeking information on whether algorithmic lending produces discriminatory outcomes; Monzo is planning an “imminent” U.S. launch; Facebook landed commitments from large banks and tech companies in support of its new cryptocurrency; the Bank of England found widespread weaknesses in stress tests of U.K. challenger banks; Circle announced it is discontinuing its payment app; and Revolut launched in Australia.

TFU | Jun. 3-9

The SEC brought suit against Kik for its $100 million token offering that allegedly violated U.S. securities laws; JPMorgan is shuttering its mobile-only bank Finn one year after its nationwide rollout; Facebook plans an independent foundation to run its proposed cryptocurrency; the FSB considers the effect of decentralized financial technology on financial stability; and a survey finds half of EU businesses are unprepared for new security rules for payments.

TFU | May 20 – Jun. 2

Kik is crowdfunding money to officially challenge the SEC’s ruling that its Kin token is subject to securities rules; IBM and Maersk expanded their successful blockchain-based TradeLens shipping consortium; Facebook’s GlobalCoin is reportedly set to launch in early 2020; the German Bundesbank was critical of blockchain following a test of its ability to facilitate securities transactions; TransferWise raised nearly $300M in new funding, giving it a $3.5B valuation; and Plaid expanded services to the U.K.

TFU | May 13-19

The SEC delayed its decision on Bitwise’s proposed bitcoin ETF again; Paytm is working with Citi to launch its first physical card in India; Investec shut down its robo-advisory business; the ECB produced a white paper exploring the risk to the EU posed by crypto assets; British MPs called for shared bank hubs; Coinbase expanded global access to the USD Coin stablecoin; and crypto trading platform eToro is expanding to the U.S.

TFU | May 6-12

The Senate Banking Committee is seeking details from Facebook about its reported stablecoin project; the Binance crypto exchange was hacked, causing a loss of about $40M; Nordea launched its IBM-built we.trade blockchain platform; Facebook is ramping up its Whatsapp-based mobile payments plans, centering its efforts in London; the HKMA approved four new virtual banking licenses; and SoFi launched two new ETFs.