This week’s roundup will feature titles on Santander’s budgeting support, the EBA’s tender for crypto market data and Kim Kardashian’s social media scandal. Join us and Managing Director of Unlimit BaaS, Jovi Overo, in the the exploration of some of the biggest headlines of our industry.
- The European Banking Authority has released a call for tender for crypto-assets market data and blockchain analytics services. Striving to access real-time data on crypto assets and the markets, the EBA states that the data will help to fulfil its obligations with monitoring and assessing developments in digital finance. [source: Finextra]
I am confident that this call for tender suggests that the EBA believes innovation in the crypto sector will provide benefits for EU citizen in the future. But before we reach that point, it will also require strong, consistent, and robust regulation for safe practise of trading and use of cryptocurrencies. – Jovi
- Celebrity influencer Kim Kardashian has been fined $1.26 million by the Securities and Exchange Commission, for failing to disclose to her Instagram followers that she was paid for promoting EthereumMax. [source: Forbes]
The reprimand of Ms Kardashian is an unfortunate but positive thing. There are numerous influencers, from rappers to sports stars, who fail to disclose payments and funding they receive for promoting Cryptocurrencies and Tokens. These individuals owe a duty of care to their fans and to provide the correct information to not mislead people. Whilst it may seem abrupt, the SEC has to fine celebrities to get this message across for the betterment of messaging and education. – Jovi
- Santander UK has launched a ‘My Home Manager’ in its mobile application to support mortgage customers with all aspects of managing their homes. This will include energy performance, funding options for home improvements, estimated costs for digital services. [source: Finextra]
A welcome help for consumers especially when finances are being squeezed by the cost of living crisis. Anything that can make life a little easier is always a good thing. – Jovi
See you next week, back here for your next weekly news roundup.
