Four-hour briefing
Fintech Briefing —
What changed in fintech over the last 4 hours
Pulse: Digital asset operational risk, supply chain security, and European regulatory roadmaps lead this cycle.
Top Stories
- ESAs Outline 2027 Focus on DORA and Artificial Intelligence
The Joint Committee of the European Supervisory Authorities has published its 2027 Annual Work Programme. Priorities focus on cross-sectoral risks, including digital operational resilience under DORA, technological innovation such as artificial intelligence, and sustainable finance.
Why it matters: The programme supports "a resilient, innovative and well-functioning financial system across the European Union" and advances "the European Commission's objectives to build an efficient Savings and Investment Union and advance a simplification agenda".
- Sberbank Enters Bank of Russia Crypto Exchange Register
The Bank of Russia added Sberbank to its register of crypto exchange operators on Oct. 12, following its listing as a digital depository. The bank plans to launch its first crypto products on Dec. 1.
Why it matters: According to Sberbank, “This status will allow the bank to provide services related to organizing the circulation of digital currency on interfaces which clients already use.”
- Binance to Wind Down Mining Pool and Cloud Mining Services
Binance announced it will shut down Binance Pool and related products, including Cloud Mining and Pool Savings, on Nov. 10. Miners have four weeks to redirect their hashrate before connections are terminated.
Why it matters: Binance said the move is part of an ongoing review of its products and services.
Crypto & Digital Assets
- Ledger Discloses Reseller Hardware Compromise Leaking Seed Phrases
Ledger discovered an unauthorized hardware component in devices sold by reseller CryptoBilis that transmitted recovery phrases over cellular networks. All confirmed fund losses linked to the incident involve devices purchased through CryptoBilis.
Why it matters: Ledger CEO Pascal Gauthier highlighted that “Physical supply chain tampering is a risk for the whole industry.”
Since the last briefing
- · 4 new major stories
- · 1 new regulatory development
- · Crypto is now the most-covered topic
Sources
ESMA, Unchained