Posts in category

fintech


The chief of New York’s financial regulatory body said Tuesday that the agency is “fiercely opposed” to the U.S. Treasury Department’s recent endorsement of regulatory “sandboxes” for fintech firms In a statement published on the the Department of Financial Services (DFS) website, Superintendent Maria T. Vullo said: “The idea that innovation will flourish only by …

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The Treasury of the UK has announced the launch of a cryptocurrency task force made up of the Bank of England (BOE) and the Financial Conduct Authority (FCA) that will both regulate and support crypto technologies, CNBC reports today, March 22. The FCA had just released a global regulatory fintech sandbox on March 19 as …

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South Korea’s Financial Services Commission (FSC) has announced that they will use Blockchain technologies for future fintech innovation by focusing on supporting new technologies as opposed to regulating them, local news outlet Korea JoongAng Daily reports today, March 21. Choi Jong-ku, the chairman of the FSC, said in relation to the impetus for the FSC …

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South Korea’s leading mobile carrier, Korea Telecom (KT), said Tuesday that it plans to use new telecommunications system powered by blockchain security solutions. KT’s digital infrastructure project, dubbed “Future Internet,” will let people and businesses earn rewards for using their own data instead of portal operators like Google, which currently monopolize access to private data, …

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Britain’s Financial Conduct Authority (FCA) is launching a global fintech regulatory sandbox, after the successful progress of their 2016 release of a UK sandbox, that allows for innovative fintech development without requiring a full, strict regulatory process for testing, TrustNodes reports today, March 19. At the Innovate Finance Global Summit in London, which is taking …

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In our Expert Takes, opinion leaders from inside and outside the crypto industry express their views, share their experience and give professional advice. Expert Takes cover everything from Blockchain technology and ICO funding to taxation, regulation, and cryptocurrency adoption by different sectors of the economy. If you would like to contribute an Expert Take, please …

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New York-based fintech company trueEX has announced an upcoming release of a regulated derivatives marketplace for digital assets as well as a partnership between their newly created affiliate, True Digital Holdings (TDH), and Blockchain tech company ConsenSys to create a benchmark rate for the price of Ethereum (ETH). The announcement comes from a press release …

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Andrea Enria, the chairperson of the European Banking Authority (EBA), said that it could be more efficient to prohibit banks and other financial institutions from holding and selling cryptocurrencies, than to directly regulate crypto, the Financial Times (FT) reported Friday, March 9. Enria’s remarks follow the recent movement toward cryptocurrency regulation in Europe. Yesterday, March …

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The European Commission released its anticipated official angle on regulating fintech, including Blockchain technology, across EU member states on Thursday, March 8. A press release outlining the ideas, which the Commission now refers to as an “Action Plan,” saw high-level EU officials voice the need for an “enabling framework” for innovative technologies going forward. Cointelegraph …

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In our Expert Takes, opinion leaders from inside and outside the crypto industry express their views, share their experience and give professional advice. Expert Takes cover everything from Blockchain technology and ICO funding to taxation, regulation, and cryptocurrency adoption by different sectors of the economy. If you would like to contribute an Expert Take, please …

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The European Commission, the EU’s executive arm, is set to reveal plans for a joint regulatory effort on fintech, including Blockchain, Reuters reported Monday, March 5. A copy of a draft document seen by the publication, due for release “as soon as this week,” suggests a desire for EU regulators to adopt blanket rules governing …

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Automobile manufacturer Porsche is exploring Blockchain apps in its vehicles in cooperation with the Berlin-based startup XAIN, Cointelegraph auf Deutsch reported yesterday, Feb. 27. In their press release published Feb. 22, Porsche stated that the company is “the first automobile manufacturer to implement and successfully test Blockchain in a car.” Possible applications for Blockchain technology …

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In Forbes’ third edition of the “Fintech 50”, a list of the top 50 financial technology companies globally of 2018, released on Feb. 13, eleven of the companies listed use Blockchain technology or are connected to the cryptocurrency industry. The founders of three of the companies, The Bitfury Group, Coinbase, and Ripple that made the …

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Sheila Bair, former US Federal Deposit Insurance Corporation (FDIC) chair, told CNBC’s “Fast Money” on Friday, Jan. 19 that there is no precedent to ban Bitcoin (BTC) as an asset, but there is a need for additional regulation of digital currencies. Bair had previously written a December 2017 op-ed on Yahoo along the same theme …

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John Patrick Mullin is an investment banker, speaker, writer and a big fintech and edtech enthusiast. Senior research analyst at the Guotai Junan Securities & Finance Institute, John currently focuses on fintech, covering AI/ML, Blockchain and cryptocurrencies, P2P lending, etc. In his spare time, he serves as a community partner for the FinTech Connector. He …

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Magda Borowik is the special envoy for fintech to the Minister of Digital Affairs of the Republic of Poland and the director of technology research at FinTech Poland. The following article is an exclusive contribution to CoinDesk’s 2017 in Review. The last couple of years were owned by the ‘fintech’ buzzword. From startups to investors to …

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The upper chamber of Mexico’s national legislature has approved a financial technology bill that would bring local bitcoin exchanges under the oversight of the central bank. According to Reuters, the bill cleared the Mexican Senate on Dec. 5, setting the stage for its consideration and potential passage in the Chamber of Deputies, the lower house …

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Cointelegraph begins publishing series of flash interviews with fascinating speakers and guests of the BlockShow Asia that took place in Singapore in November 2017. Simon Dixon, English businessman, entrepreneur, banking reformer and angel investor, knows fintech like the back of his hand. Having moderated a panel discussion on crypto funds at BlockShow Asia Simon then …

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Singapore – home to some 400 fintech startups and 100+ financial institutions–is more ambitious than ever to take the global fintech hub crown. The government-led, corporation sponsored Fintech Festival is into its second year, this time bigger and better than last. Totalling five days from Nov. 13-17, the festival event welcomes attendees with its warm tropical …

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In another win for the adoption of Blockchain technology into the banking and finance world, top hedge fund AQR ($208 bln under management) has announced that it will begin investigating how to incorporate the nascent technology into its trading platforms. The company hopes to use the technology to make its internal systems more efficient, since Blockchain allows for …

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