A huge group of over 70 European fintech companies is sending caution that new EU rules on payments processing could unfairly pit them against large banks and ruin the industry if they are passed into law. The rules that are a part of the European Union’s Payment Services Directive (PSD) would prohibit the practice of “screen scraping,” a…

Cyprus attempted to resubmit its proposed new regulatory framework for gambling after the European Commission. However, its original draft was opposed by Malta. The EU member state’s Betting Law of 2017 was submitted to the EC in June, and included two amended pieces of legislation targeting at remedying several earlier infringements with the 2012 law…