In April 2018, the EU confirmed that exchanges between virtual and fiat currencies and virtual-to-virtual currency exchanges fall inside the scope of the 5AMLD. Several states in the U.S. including Delaware, Nevada, Arizona, and Vermont have defined their respective statutes for blockchain and DLT, allowing the technology to be used for storing official records. In April 2018, the Governor of Tennessee signed a bill to recognize blockchain data as legally binding and give smart contracts legal power. Gibraltar enforced DLT regulations from 1 January 2018.

Digital-world consumers expect banks to securely step up their technology game


Traditional banks must evaluate their place within the payments ecosystem and be open to partnering with FinTechs and third-party developers to drive value collaboratively.

Collaborative Payments Ecosystem Boosts Customer Centricity


Structural changes are spurring payments industry participants to evaluate the future of the business as well as their role in the months and years ahead.

New payments ecosystem key enablers


The Payment Services Directive 2 or PSD2 has been in full force for more than six months, and its impact is being felt not just in the European Union, but across the globe – with several markets, such as Singapore, Australia, and Nigeria, as well as Hong Kong announcing open banking initiatives inspired by the PSD2


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