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Transaction Laundering and Miscoding: The Hidden Threats to Your Fintech Business
Two linked threats can cost a payment company its card scheme access: transaction laundering and miscoding. In the first, an illicit merchant processes payments through a legitimate merchant’s account. In the second, a wrong merchant category code hides what the merchant really does. Visa and Mastercard hold acquirers responsible for their merchants, and acquirers pass…
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Brazil’s Betting Ban: Provisional Measure No. 1,394 and What Comes Next
On 25 September 2026 Brazil’s president signed Provisional Measure No. 1,394 (Medida Provisória), which banned fixed-odds betting in the country, that is sports betting and online casinos, including for operators abroad. The regulated market that opened under Law 14,790/2023 is closed. Licences are extinguished on 25 October, banks and payment institutions may not process such…
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EMI and Payment Institution Licence in the EU, UK and Canada
A payments business starts with choosing a regime. In the EU it is a PI or EMI licence, in the UK FCA (UK Financial Conduct Authority) authorisation, in Canada registration as a payment service provider with the Bank of Canada. We cover capital, timelines, safeguarding and what PSD3 changes. Minimum capital in the EU is…
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DeFi and DAOs: Who Is Liable for a Decentralized Project
Calling a project decentralized does not remove liability. US courts have already treated DAOs as associations or partnerships.
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Privacy Coins (Monero, Zcash): Legal Status in the EU, UAE and US
Holding a privacy coin is generally not prohibited. The restrictions hit the businesses that deal in it: exchanges, custodians, brokers.
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Travel Rule for Crypto Businesses: What Data to Transmit and How to Implement It
What data the Travel Rule requires in the EU, UK and US, how to handle self-hosted wallets and missing information, and how to implement the rule.