Tag: #fintech

Orionx begins permanent closure after audit finds more than $7 million missing

Chile's Orionx said Sept. 3 it is closing after a forensic audit found $7M+ in customer assets moved to external wallets; withdrawals suspended.

#cryptocurrency, #chile, #fintech, #orionx

FCA signals regulatory shift as AI moves to scale in UK financial services

FCA chief Nikhil Rathi says AI in finance has moved to scale, urging supervised deployment while warning on fraud, resilience and market concentration.

#fca, #ai, #fintech, #regulation

White House Analysis: Ban on Stablecoin Yields Would Add Only Modest Bank Lending

CEA research finds a federal ban on stablecoin yields would raise U.S. bank lending by about $2.1 billion under current conditions; worst‑case $531B.

#stablecoin, #banks, #regulation, #fintech