Today in payments around the world, the U.K. enforces new listing rules for exchanges, and Big Tech firms’ EU woes are far from over. Plus, Berkshire Hathaway’s Munger agrees with China’s crypto ban, Moody’s acquires two European KYC firms, Lids goes international with London stores and Brazil cements its position as an epicenter of LATAM digital innovation.
UK Enforces New Listing Rules to Help London Compete With New York, EU
Starting Friday (Dec. 3), Britain’s regulatory body, the Financial Conduct Authority (FCA), will enforce a series of new listing rules in a move that is expected to strengthen the financial center’s ability to compete with New York and the European Union following Brexit. According to the FCA, the revised rules will allow a targeted form of dual-class share structures within the premium listing segment, allowing company founders to retain a controlling voting interest that will, in turn, encourage them to list in the U.K.
Big Tech Firms’ EU Woes Far From Over
In recent weeks, the European Union has slapped hefty fines on some of the world’s…
