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Archive · June 27, 2026

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Story 01

Binance Exits EU Market After Failing to Secure MiCA License, Shifting Crypto Competition

Binance has announced it will withdraw from the EU market after failing to obtain a license under the Markets in Crypto-Assets Regulation (MiCA), removing one of the largest crypto exchanges from the region. This exit immediately opens the door for regulated competitors such as Coinbase to expand their EU presence, while decentralized exchanges may see increased activity as MiCA enforcement ramps up.

Also Worth Knowing
02

DraftKings Integrates $11B Prediction Market, Deepening Digital Gaming Ecosystem

DraftKings has launched a proprietary prediction market exchange within its flagship app, generating $3.4 billion in annualized consumer volume. This move strengthens DraftKings’ position in digital sports and gaming, while U.S. state regulators are expected to increase oversight of prediction markets as volumes grow and new entrants follow suit.

Source: PYMNTS
03

UK Retail Payments Board Opens Consultation on Future Infrastructure Design

The UK's Retail Payments Infrastructure Board has launched a consultation on redesigning the country’s retail payments infrastructure. The process is considering adoption of ISO 20022 messaging standards, real-time settlement, and enhanced security protocols, with banks and fintechs invited to shape the next generation of UK payment rails.

Source: Finextra
04

SBI Holdings Acquires Bitbank for $289M, Accelerating Crypto Exchange Consolidation in Japan

SBI Holdings will acquire Japanese crypto exchange Bitbank for approximately $289 million, expanding its digital asset footprint. SBI’s leadership in this deal signals that major Japanese financial groups are driving consolidation in response to rising regulatory demands and the need for broader product offerings.

Source: Finextra
05

FCA Admits TREX to Sandbox for Advanced Climate Risk Modelling in Finance

The UK Financial Conduct Authority has admitted Transition Risk Exeter Ltd (TREX) into its regulatory sandbox to test advanced climate risk modelling tools. Major UK banks and asset managers participating in the sandbox will be expected to integrate climate risk metrics into their risk management and reporting frameworks.

Source: Finextra
The Long Memory
The 1983 U.S. Electronic Funds Transfer Act (EFTA) requires banks to promptly investigate reported errors in electronic payments, strengthening consumer protection for digital transactions.

Filed under: Payments History · The Long Memory

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