EU Finalizes New Fintech Regulations for 2025

The European Parliament approved comprehensive fintech regulations that will take effect January 2025, requiring enhanced customer protection measures and stricter anti-money laundering protocols.

Digital payment processors must now maintain higher capital reserves and provide more transparent fee structures to consumers. Cryptocurrency exchanges face new reporting requirements and mandatory user verification processes.

The regulations aim to standardize fintech operations across EU member states while maintaining innovation incentives. Major platforms have six months to comply, with non-compliance penalties reaching up to 4% of global revenue.