consumer protection
When A Bank Cannot Refuse To Open An Account and How EU Directive 2014/92/EU Can Help?
When I worked at Amazon, people complained to me about lost or delayed parcels. When I worked at PayPal, people complained to me about blocked payments. Now, people complain to me about their banks. In this specific post I would like to address a question whether or not a Read more…
Crypto
My Crypto Account Application Got Rejected – Why?
People ask me these questions over and over again, and it’s visibly (or digitally) clear how furious and annoyed they are. Their main complaint is that crypto is supposed to be the most democratizing and omni-accessible service, this is why it was created in the first place, which is why Read more…
Crypto
Where Should I Bring My Crypto or Fintech Project?
People often ask me, which regulators or which countries are better if you want to setup Fintech business. I personally think, there is no universal answer, but there are some questions that you would want to consider. For example, if all your customers are in Germany and your team members Read more…
EU Regulations
PSD2 and Its Impact on Future Monetization Strategies in Payments
Everyone who is anyone in the payments industry has already published [a very long list of…] their summaries on “what do you need to know about PSD2”. Here are my thoughts on PSD2 and its implications. Instead of boiling the ocean, I will publish a series of posts devoted to specific Read more…
AML
10 Key Things You Need to Know About EU 4th AML Directive
1. It’s good. It’s mostly good news. The majority of its new requirements were applied by the industry participants log ago, and it gives much more flexibility to obliged parties in terms of customer due diligence and risk categorization. 2. Timing It’s original implementation was planned by June 26th 2017, Read more…
AML
Gaming vs Gambling: When May In-Game Items Exchange Constitute Gambling?
An enthusiastic Pokémon catcher (back in November 2017), I obviously could not wait to see how exactly Pokémon trading feature is going to work. In recent press-releases, Niantic has clearly indicated that trading feature is their top priority. Some publications suggested that payers would be able to search for available Read more…