Managers of Wealth Fintech

Bipartisan Bill Seeks to Increase Internet Transparency and Consumer Control Over Content

The proposed legislation prohibits the use of opaque algorithms on covered internet platforms without first providing users with notice.

Europol wipes out 30,000+ piracy sites, three suspects cuffed to walk the legal plank

Aw man, I was still downl...err.. great work everyone!

South Africa Planning New Regulations to Prevent Use of Crypto for Capital Flight

The new rules are expected to go into effect Q1 2020.

New German rules on crypto assets

The new law contains, amongst others, changes to the German Banking Act (Kreditwesengesetz (KWG), which provide that:

US seeks to extradite UK tech billionaire Michael Lynch

Autonomy businessman would face charges including securities fraud, wire fraud and conspiracy

Indian Government is Willing to Support Blockchain with a National Framework

Particularly, some members of parliament including Parvesh Singh Verma asked whether the Indian administration had fortified and carried out study into the prospective use cases and applications of blockchain and DLTs, and if at all they did, what were th

African Fintech And Regulation: What’s The Hold Up?

While it could be argued that there is nothing that is technically holding African fintech back

Mastercard, Rapyd partnership forges new Fintech Express

Benjamin Gilbey Senior Vice President, Digital Payments and Labs, Asia Pacific, Mastercard brings in a surprise of introducing a payment functionality in a limitless range of fashion ranges through Tappy’s contactless payment chips, starting with an

International community has achieved unprecedented success fighting offshore tax evasion

At the heart of this shift are thousands of bilateral exchange relationships now in place

S. Korean Government Takes Aim at Google

At issue is whether or not multinational IT companies that do not have “fixed workplaces” in South Korea can be subject to a legitimate level of taxes.

Hong Kong Monetary Authority (HKMA) fosters a diversified ecosystem for Anti-Money Laundering and Counter-Financing of Terrorism (AML/CFT) Regulatory Technology (RegTech)

The HKMA and the banking sector will continue to contribute to AML/CFT efforts in Hong Kong

China: WeiyangX Fintech Review

The People’s Bank of China Releases China’s Green Finance Development Report (2018)

ICO seeks direct powers under proceeds of crime law

The UK's data protection authority is seeking new powers to prevent criminals from profiting from data-related crime.

MAS mulls regulating trade of payment token derivatives

MAS said it still does not view payment token derivatives to be suitable for retail investors to trade.

MAS consults on relaxing restrictions on payment token deriviative

Payment tokens and their derivatives are, however, not suitable for most retail investors

Guernsey's data protection regime - shifting our attitudes

ODPA's goal is to achieve a "fair, low-cost, low-admin business

Wethaq launches first fintech Sukuk on its market infrastructure using SWIFT gpi Link

Al Ghurair Investments LLC (AGI) acted as the issuer, advised by Mashreqbank PSC acting as lead arranger

The Launch of the Legal Statement on the Status of Cryptoassets and Smart Contracts by Sir Geoffrey Vos, Chancellor of the High Court

There is an endless spectrum of types of cryptoasset and cryptocurrencies, many of which already are or certainly will be designed for use as wholesale and retail payment mechanisms.

Bahrain's Push to Fintech by Central Bank

Given the extreme pace at which digital transformation is happening in the financial services sector, Central Bank of Bahrain adapted innovation to ensure that the country remains a thriving financial hub

English law recognizes cryptoassets and smart contracts

English law will now recognize cryptoassets as tradable property and smart contracts as enforceable agreements.

Legal,Regulation,Tax & Compliance