THE globe

PARIS—Binance has been granted approval from regulators to operate its cryptocurrency exchange in France.

BRUSSELS, Belgium—European regulators have accused Apple of abusing its dominant position to restrict the ability of competitors to access the digital wallet technology behind Apple Pay, a move that potentially opens it up to significant fines.

MADISON, Wis.- CUNA Mutual Group is contributing $125,000 toward The ACCOSCA Academy, a project of the African Confederation of Cooperative Savings & Credit Associations (ACCOSCA).

MADRID, Spain— Fast-paced developments in decentralized finance (DeFi) and crypto assets necessitate a proactive and forward-looking regulatory and supervisory approach, Pablo Hernández de Cos, chair of the Basel Committee on Banking Supervision and governor of the Bank of Spain, is warning.

MADISON, Wis.—The European Council presidency and European Parliament have reached a provisional agreement on the Digital Operational Resilience Act (DORA) that allows for the “proportional treatment” of credit unions under new regulatory requirements on the security of financial institution network and information systems.

MADISON, Wis.–The Worldwide Foundation for Credit Unions, WFCU) is reporting it has now raised $1.37 million for its Ukrainian Credit Union Displacement Fund.

LONDON—The U.K.’s financial regulator has urged the country’s so called “challenger banks” and fintechs to improve their anti-money laundering (AML) and fraud controls after highlighting multiple shortcomings.

MOSCOW—As the country continues to deal with sanctions, including being cut off from much of the international banking community, Russia continues to move forward in other areas, with its Ministry of Finance of Russia, which has submitted an updated version of its bill “On Digital Currency.”

LONDON—The U.K.’s crypto industry is counting on the nation’s forthcoming stablecoin regulations to clear up “gray areas” for issuers.

LONDON –Australia has long been a country that deserves credit unions’ attention, as it is often at the forefront of numerous financial services innovations. Now, U.S. CUs have another reason to look Down Under.