11/12/2018
EU regulators monitor big tech’s financial services foray
Move welcomed by bankers who complain of uneven playing field
Legal,Regulation,Tax & Compliance
11/09/2018
Saxo Bank: regtech is key to scalability in financial services
The latter, Blaafalk noted, could work from a compliance point of view but the costs will inevitably pile up and create a gridlock for any global organisation.
11/09/2018
How to combine RegTech with data mining technologies
Considering the impact on organisations, early adopters of RegTech combined with data mining technologies can gain a competitive advantage.
11/08/2018
Asia Jumping onto the Regtech Bandwagon
Partner, Digital Technology & Operations and Finance & Risk Practice at Oliver Wyman
11/07/2018
Expats hit by China’s new individual income tax law
The new law states that the minimum threshold for personal income tax exemption will be raised from 3,500 yuan ($513) to 5,000 yuan per month or 60,000 yuan per year.
11/07/2018
HSBC bank confirms US data breach
HSBC has said some of its US customers' bank accounts were hacked in October.
11/07/2018
Digital services tax: consultation
The consultation seeks views on the detailed design, implementation and administration of the DST.
11/05/2018
Second-Largest US Bank Wins Patent for Crypto Storage System
Such a product is certain to find a gracious market in quick order, and that they have a patent on the idea means they might for an extended period be the only game in town — if they commercialize it.
11/04/2018
John Berryhill explains why moving to an offshore registrar is not always a good idea
Where a TOS refers to the “applicable law”, it is a good idea to find out what that applicable law may be.
11/02/2018
SFC sets out new regulatory approach for virtual assets
The SFC is closely monitoring the development of virtual assets and may issue further guidance where appropriate.
11/01/2018
Gibraltar: Overview of changes to Experienced Investor Fund and Statement on Funds investing in digital assets
The most important change to the EIF regime, introduces new criteria, used to determine those persons who are considered eligible by the GFSC, for the management and control of an EIF.
11/01/2018
HKMA and 12 local banks link up to create trade finance platform
Hong Kong has to develop digital banking to maintain its competitiveness,’ underlines HKMA chief executive Norman Chan Tak-lam
11/01/2018
Brazilian banks relent on anti crypto actions follow court judgement
The cryptocurrency exchange which had been subject to the anti-competitive practice was Bitcoin Max.
10/31/2018
Enhanced certainty regarding the use of electronic agents
The new legislation will permit the formation of a contract by the interaction of electronic agents
10/30/2018
Japanese Laws don’t Consider Stablecoins as Cryptocurrencies Reminds Regulators
With the rise of cryptocurrencies, Japan had amended its Fund Settlement Law and Payment Services Act so that it could regulate the country’s crypto industry.
10/30/2018
Cryptoasset Taskforce publishes report on UK approach to cryptoassets
The Financial Conduct Authority (FCA) has today, as part of a Treasury (HMT) led Cryptoasset Taskforce published a report on the UK’s policy and regulatory approach to cryptoassets.
10/30/2018
Tech giants to face digital services tax
The Budget has announced a Digital Services Tax.
10/30/2018
Cryptoassets Taskforce: final report
It provides an overview of cryptoassets and DLT, assesses the associated risks and potential benefits, and sets out the path forward with respect to regulation in the UK.
10/29/2018
SEC Cracks Down on Cryptocurrency Investor Registrations
The SEC’s legal action states that Crypto Asset Management solicited $3.6 million from just 44 private investors, most of whom were individuals.
10/29/2018
Innovation on the Agenda as Guernsey IoD Seminar Explores Shape of Things to Come
Together the panel will share their experience and knowledge of how innovation and technological disruption has impacted every industry and every economy around the world – including Guernsey.