Managers of Wealth Fintech

Italy: 2018 budget law includes new equalization tax on digital services

The new provision applies as from 1 January 2018

Australia Creates Tax Taskforce To Monitor Crypto Traders

No matter the case, governments frown at any attempt to circumvent paying taxes

SARS to provide tax rules on Bitcoin and other cryptocurrencies in next few months: report

In July, it was reported that the South African Reserve Bank (Sarb) would start testing a number of regulations related to Bitcoin and other cryptocurrencies before the end of 2017.

SARS to provide tax rules on Bitcoin and other cryptocurrencies in next few months: report

This was followed by a December report in which SARS said it was in discussions with a number of technology companies to enable it to track cryptocurrency trades more efficiently.

Creating business value with Legal Entity Identifiers Interview with Stephan Wolf, CEO, GLEIF

The use of Legal Entity Identifiers (LEIs) as a common identifier to combat this issue has a wide range of business use cases that span multiple industries, business activities and functions.

Abu Dhabi and Bahrain pursue fintech co-operation deal

The agreement will allow for a closer collaboration on the exchange of information on trends, services and products, leading to a closer relationship in the development of Islamic finance and Fintech initiatives across the region.

Financial service firms must join information system: OJK

Peer-to-peer (P2P) lenders, microfinance institutions and credit unions are exempt from the mandatory requirement.

Morningstar names Devbridge Group as 'Featured Integration Partner'

"Our clients have great ideas on how to innovate. Devbridge provides a proven process to quickly turn ideas into products."

Arc Legal launches household cyber cover product

The product is available via brokers and according to Arc Legal can either be embedded into household cover or sold as part of a legal expenses policy.

Cloud provider converge secures private equity boost

Private equity investor Tenzing has backed Converge's senior management team to support the firm's growth ambitions

All Wirehouses Forbid Cryptocurrency Trading, Not Just Merrill Lynch

Wells Fargo, UBS and Morgan Stanley also bar advisors to purchase bitcoin or derivative products on behalf of clients.

Why new rules threaten the survival of traditional banks

It could also allow big technology companies such as Amazon to enter the market, with banks having to adapt to survive.

The UK's proposed new royalty withholding tax

The plan is that the new royalty withholding will apply from April 2019 where a non-UK resident entity making sales in the UK pays a royalty to a connected party in a low tax jurisdiction

Gibraltar launches blockchain regulatory first

The team expect to be very busy in the coming months, and are looking forward to working on some interesting and innovative ideas with applicants.

MiFID II: FCA updated webpage on change of legal status

New application forms for Change of Legal Status regarding MiFID firms

India Made A Decision To Start Its Onslaught Against Bitcoins

Broadening its investigation into Bitcoin trade and investments, the IT (Income Tax) department is ready to release notices to 4–5 Lakh HNI (high networth individuals) all over the nation

Ex-KIT CEO Tuzman, Socialite Amanat Convicted at Fraud Trial

After the verdict, U.S. District Judge Paul Gardephe ordered Amanat jailed until he’s sentenced, ruling he’s a risk to flee. Gardephe allowed Tuzman, who wept openly during part of the proceeding, to remain free on bond.

Russia plans national biometric database starting next year

The regulator said that data would only be stored with individuals’ consent. Legal changes needed for the system passed this month.

China’s central bank tightens security in US$5.5 trillion QR code payment services

From April, high-value transactions will be subject to multi-level verification, as service providers told to better protect users

Brussels moves to boost Europe’s fintech sector

Pan-EU licences part of efforts to fight US and Asian dominance of growing industry

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