03/20/2019
SimplyBiz to buy fintech platform
Following the acquisition, Defaqto will remain operating as an independent business within the Group out of its offices in Haddenham, Buckinghamshire.
Legal,Regulation,Tax & Compliance
03/19/2019
Bahrain invites Indian fintech firms to set up base
As the public agency responsible for attracting investment into Bahrain, the EDB has been collaborating with the Indian government on a number of business areas as well as improving the conditions of Indian workers in the Gulf state, the publication detai
03/19/2019
Singapore Court Rules in First Case Involving Cryptocurrency
The disputed trades had already been completed at prices around 10 BTC for 1 ETH (market prices at the time were ~0.04 BTC for 1 ETH), resulting in a net position for B2C2 of approximately 3085 bitcoins.
03/18/2019
Bahrain issues new cryptoasset rules
The Central Bank of Bahrain (CBB) has published final rules allowing for the regulation and licencing of dealing, advisory, and portfolio management services in accepted crypto-assets and as a cypto-asset exchange.
03/18/2019
Event addressing increasingly complex digital environment launched
Also, how financial regulators and banks can collaborate to develop processes and procedures to address regulatory risks in serving market participants operating crypto assets businesses.
03/18/2019
Why India’s fledgling FinTech industry needs better regulations
Rapid advancements in cloud computing, AI and blockchain, along with faster and cheaper internet connectivity have fuelled the rise of FinTech start-ups.
03/18/2019
Tech investors include #MeToo clauses in start-up deals
Entrepreneurs forced to disclose sexual harassment complaints in due diligence exercises
03/17/2019
The Electronic Transactions (Guernsey) Law, 2000
A document in electronic form satisfies a legal requirement to retain such in hard copy form, and vice versa.
03/15/2019
Standard Bank to shut 91 branches as customers go digital
Standard Bank’s South African unit “will implement a comprehensive exit package which significantly exceeds the requirements as set out in the Labour Relations Act”, the lender said.
03/15/2019
Mt. Gox founder acquitted of embezzlement but guilty of data tampering
It recognized the 33-year-old had altered data on the company's trading system to pad the amount in his accounts, as he sought to prevent his company from becoming cash-strapped.
03/15/2019
Clifford Chance launches SMCR Manager
SMCR Manager is the first product to launch from Clifford Chance Applied Solutions, the home for the firm's expanding range of digital products which launched in July 2018.
03/15/2019
Canada Eyes Regulation of Crypto-Trading Platforms Amid Ongoing Quadriga Scandal
Currently, some platforms are subject to securities regulation depending on what crypto assets they trade and how they’re operated, but others are unregulated
03/15/2019
Switzerland: FINMA Adjusts Sandbox, Fintech Licenses
FINMA said that companies with a Fintech licensee will benefit in particular from less extensive auditing.
03/14/2019
How Wells Fargo Uses AI, Biometrics To Fight Money Laundering
Many banks, including JPMorgan Chase and Ally Bank, are experimenting with AI in this way to protect user data and money, and, for money laundering in particular, AI can flag fraudulent transactions with criteria that humans cannot see.
03/14/2019
Central bank digital currencies could impact payments, monetary policy and financial stability
General purpose central bank digital currencies could revolutionise the way money is provided and the role of central banks in the financial system, but these are uncharted waters, with potential risks.
03/14/2019
BCBS statement on the growth of crypto-assets
Crypto-assets have exhibited a high degree of volatility and are considered an immature asset class given the lack of standardisation and constant evolution.
03/13/2019
Dubai-based crypto firm to stop using Alibaba name
ABBC Foundation has agreed to stop using trademarks that include the term 'Alibaba' following a long-running dispute with Chinese e-commerce company Alibaba Group
03/13/2019
US warns of WTO action over 'discriminatory' new digital taxes
That overhaul is expected next year at the earliest, assuming a consensus can be reached among the 127 countries taking part in the talks.
03/11/2019
Japanese banks to stop using a piece of 1800s tech
Small businesses use them for many contracts, and they’re still required for things like marriage and home ownership
03/10/2019
The World Bank selects SimCorp Dimension
The World Bank Group has two goals that drive its work in developing countries.