Security token exchanges could prove to be an option for companies that are seeking public funding but can’t partake in the current IPO process. In 1996, there were over 8,000 public companies listed on exchanges in the United States. Fast forward to 2020 and there are only approximately 4,400 — a drop of 46% despite […]
Continue Reading
Major cryptocurrency firm Ripple released a set of recommendations for Indian lawmakers to legalize cryptocurrencies. American fintech firm Ripple has proposed a policy framework for regulating crypto in India amid local crypto uncertainty. In an effort to persuade Indian authorities to support fintech regulation and the growing crypto industry, Ripple issued a policy paper addressed […]
Continue Reading
A German fintech company responsible for several crypto debit cards, including Crypto.com’s, allegedly misrepresented over $2 billion in cash reserves. Major fintech company WireCard, which issues Crypto.com’s debit cards, has fallen into controversy as some of its employees appear to have defrauded the company. As reported by the Financial Times on June 18, auditors from […]
Continue Reading
The Fed is looking at issuing a central bank digital currency, but can’t point to any concrete progress. In a hearing on June 17 before the House Committee on Financial Services, Chairman of the Federal Reserve Jerome Powell got into an exchange with Representative Tom Emmer (R-MN) over the subject of a central bank digital […]
Continue Reading
Chinese multinational tech group ByteDance is seeking a virtual banking license in Singapore as a means of entering digital finance. ByteDance, the Beijing-based multinational tech group behind Tiktok, is looking into adding banking to its line of products and services. It is currently bidding for a digital bank licence in Singapore, according to the Financial […]
Continue Reading
Chairman of the CFTC Heath Tarbert calls for principles rather than rules to dictate the government’s handling of digital assets. In a framework published in the Harvard Business Law Review on June 15, Heath Tarbert, Chairman of the Commodity Futures Trading Commission, broadly advocated financial regulation based on broader principles rather than specific rules. The […]
Continue Reading
Major telecoms provider Zain has joined the governing council for distributed ledger platform Hedera Hashgraph. Zain Group — a leading telecoms provider in the Middle East and North Africa (MENA) region — has joined the governing council for enterprise-grade distributed ledger platform Hedera Hashgraph. Zain provides mobile voice and data services to over 49.5 million […]
Continue Reading
Crypto has turned from an inevitable future to our happening present, and stablecoins may become the industry’s cornerstone. Major financial institutions love certainty, and that will help the crypto community immensely. Let’s get down to basics: A stablecoin is a type of digital asset designed to solve the problem of the hypervolatility of cryptocurrencies. This […]
Continue Reading
Blockchain for distributing votes and independent digital dollars take center stage in the this week’s regulation news. Editor’s note: These are times strange enough that every conversation seems to include some verbal acknowledgment like “strange times, huh?” A quasi-anarchist police-free leftist separatist bubble has formed and is growing on Seattle’s Capitol Hill — a sentence […]
Continue Reading
Congressman Warren Davidson recaps yesterday’s hearing on the digital dollar, which seemed to reach new consensus across party lines — but the devil is in the details. In a June 11 hearing before the Congressional Fintech Task Force, everyone seemed to agree that they could improve financial inclusion by giving people more direct access to […]
Continue Reading