TFU | July 16-22

The CFPB has a new head of its Office of Innovation and is developing a regulatory sandbox; Coinbase received SEC and FINRA approval to offer tokenized securities on its platform; challenger bank Revolut reported suspected money laundering on its platform to U.K. authorities; Columbia University and IBM partnered on a new blockchain research center; and PayPal led a $50M investment round in merchant payments firm PPRO.

TFU | July 9-15

Citizens Financial launched a new digital bank; IBM is building a blockchain-based corporate filing system for Delaware; former CFPB deputy director Raj Date launched a new consulting firm for fintech regulatory issues; a16z’s new crypto venture fund  made its first investment; and Uber will begin allowing users to pay for rides using Venmo.

TFU | July 2-8

Square withdrew its ILC application to the FDIC; SIX is building an end-to-end DLT platform to manage trading and settlement; the FCA welcomed new firms into its regulatory sandbox; PayPal completed the multi-billion dollar sale of its consumer credit portfolio; and the EBA published new fintech reports.

TFU | June 25 – July 1

The U.S. Supreme Court backed American Express in an antitrust case; California passed a stringent new privacy law; Andreessen Horowitz launched a cryptocurrency fund; JP Morgan took its mobile-only bank, Finn, nationwide; Facebook reversed its decision to ban all cryptocurrency ads; and Ant Financial launched a cross-border remittance service.

TFU | June 18-24

The NYDFS granted a BitLicense to Square; Zelle is predicted to surpass Venmo in terms of users by the end of the year; a U.S. House subcommittee held a hearing on the use of digital currencies for illicit purposes; BitFlyer is suspending new business in Japan after negative findings from the FSA; and PayPal made two large acquisitions to improve its business payments and fraud protection services.

TFU | June 11-17

SEC reaffirms Ethereum is not a security; House committee calls for study on crypto use in illicit activities; Singapore is developing a code of ethics for AI; Bitcoin price fell sharply after South Korean crypto exchange hack; Wells Fargo limited cryptocurrency purchases on credit cards; a study found rampant price manipulation in crypto markets; and Apple banned cryptocurrency mining on iPhones.