President Biden and SEC chair Gary Gensler have both criticised a new cryptocurrency bill ahead of a US House of Representatives vote.

At the start of Covid, large Fortune 500 companies began to leave the African financial markets, citing too much illiquidity and uncertainty. One Ireland-based startup, featured on this year’s Money 20/20 ‘Startup Spotlight’ session, built a solution.

Warwick Business School has opened a research centre for financial technology backed by a £3 million donation from Clive Gillmore, an alumnus of Warwick University and CEO and Group CIO of Mondrian Investment Partners

The Securities and Exchange Commission has charged entrepreneur Richard Heart with conducting unregistered offerings of crypto asset securities that raised more than $1 billion and of defrauding investors of $12 million to buy, among other things, a 555-carat black diamond.

The London Stock Exchange has launched a blockchain-based Digital Markets Infrastructure (DMI) platform for private funds and facilitated its first transaction.

Money transfer behemoth Wise is to move its primary listing to the United States, in a fresh blow to the London Stock Exchange.

Stock trading app Robinhood continues to build out its product suite, adding wealth management and private banking services, as well as an AI investment tool.

In a UK-first, Lloyds Banking Group and Aberdeen Investments have used tokenised real-world assets as collateral for foreign exchange trades.

Green fintech Iceberg Data Lab has picked up three new clients in France, including Banque de France, global insurance and asset management house Generali and pension scheme ERAFP.

Financial crime consultancy Plenitude has acquired Contineo Financial Risk Solutions, a provider of technical advisory services for regulatory compliance operations.

A host of major US financial services firms – including Citi, JP Morgan, and Visa – are taking part in a Regulated Settlement Network (RSN) proof-of-concept that will explore multi-asset settlement using shared ledger technology.

Deutsche Börse has gone live with a regulated spot platform for institutional trading in crypto assets.

Digital investing platform Webull has launched Webull Savings, an offering that provides users with access to a marketplace of savings accounts and the ability to move funds quickly between trading accounts and banks.

The Warsaw Stock Exchange (GPW) has pushed back the planned rollout of a new trading system, GPW WATS.

Boerse Stuttgart says it has tested the settlement of exchange transactions with blockchain-based securities against central bank money – finding that using the technology can reduce settlement times from days to minutes.