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Key developments of interest over the last month include: • United Kingdom: The Payment Systems Regulator (PSR) has published two calls for views, one of which focuses on authorised push payment (APP) scams and the other on consumer protection in interbank payments. • India: The government is planning a cryptocurrency bill with the aim of establishing a framework for the creation of an official digital currency to be issued by the Reserve Bank of India. • United Kingdom: The FCA is consulting on changes to its technical standards on strong customer authentication (SCA) and common and...

On 28 January 2021, the Financial Conduct Authority (FCA) published a consultation paper (CP21/3) 1 proposing various changes to the UK regulation of payment services and electronic money. Most of the proposed changes relate to clarification or expansion of the existing FCA guidance contained in the document “Payment Services and Electronic Money – Our Approach” (Approach Document). There are also proposed changes to the substantive regulatory requirements. The consultation closes on 24 February 2021 in respect of the proposed changes to the contactless payment limits (see below); it c...