Europe built fast, low-cost payment rails. Victims deceived into initiating payments are still left alone. Our paper, a contribution to the ongoing discussion, sets out a solution based on the experience we made during the past years: treat fraudulently induced payments as unauthorised, make reimbursement the default at the payer’s
Late last night, a federal jury in New York delivered an interesting decision in the fight against crypto‑enabled money laundering. Roman Storm, co‑founder of the Ethereum mixer Tornado Cash, was found guilty of operating an unlicensed money‑transmitting business—a conviction of a decentralized mixer operator in the United States. While the
The European Commission’s recent ADR reform package —touted as a step forward—amounts to little more than regulatory window dressing. It tweaks reporting obligations, mandates faster response times, and modestly expands the scope of covered disputes. But it deliberately avoids the core issue: the absence of binding authority and enforceable obligations
