Managers of Wealth Fintech

HAYVN receives approval from the Swiss Financial Market Supervisory Authority, FINMA

HAYVN will now be offering clients Asset Management, Trading and Custody services from its Swiss entity

Isle of Man licenses GBP-pegged stablecoin firm

"The Island welcomes innovative technology and is focused on supporting more businesses through the regulatory process"

Withers represented tech giant VNG Corporation in two multi-million dollar investments

Withers also represented VNG as the lead investor in its US$22.5 million investment in Telio, a business-to-business e-commerce company in its Series A2 funding round.

Carey Olsen advises Certik as it more than doubles its valuation to US$2 billion

The Series B3 was led by Insight Partners, Tiger Global and Advent International. Goldman Sachs also participated alongside existing investors such as Sequoia and Lightspeed.

How BNPL can be Proactive Before Regulations are Enforced

Toby McCrindle, Head of Legal and Compliance at Divido, discusses what BNPL providers can do to be proactively ready for new regulations in the space

European Parliament pushes for sustainability disclosures in crypto market

The UK and US have also said they are looking closely at energy usage associated with crypto.

Alpian obtains FINMA banking license and secures CHF19 million Series B+ financing

The financing will support the deployment of Alpian's range of services in Switzerland, comprising both private and online banking.

Russia turns to China for microchips for in-demand domestic bank cards

We are looking for new microchip suppliers and [have] found a couple in China, with certification process ongoing

Intel becomes latest Western tech firm to suspend business in Russia

Servers from IBM, Dell Technologies Inc and Hewlett Packard Enterprise Co top the market in Russia

BVI Most Attractive in Digital Assets Space Among Offshore Centres Says Industry Experts

“A lot of it revolves around fintech and practically 90 percent to 99 percent of it revolves around the virtual asset space,” said Mr. Malone.

UK watchdog takes on card schemes

Meanwhile, the PSR is also looking to remove barriers to the uptake of A2A retail payments, which it says can provide a "credible" alternative to the card schemes.

Standardized format released to support reporting on digital platform sellers

The newly released Digital Platform Information (DPI) XML Schema may be used for the reporting and exchange of information under the original scope or the extended scope of the model rules.

Barclays addresses potential CBDC fragmentation in new paper

Fragmentation risk was recently raised by respondents to the Bank of England’s discussion paper on new forms of digital money

Technology services – regulatory: Regnology

The regtech/suptech provider continues to innovate, securing major new contracts with central banks and regulators

Ogier advises Beijing Deep Glint Technology

Since the company launched, it has attracted investment from well-known venture capital firms such as Sequoia China, Ceyuan Ventures, and ZhenFund.

Walkers Contributes Six Chapters to Chambers Fintech Practice Guide 2022

The Fintech 2022 guide covers 40 jurisdictions.

United States and EU Come to Agreement in Principle for New Data Transfer Pact

In response, the EU and United States established the Privacy Shield to replace the Safe Harbor Principles.

UK authorities team up to remind regulated firms about crypto standards

As the markets grow, the FPC expects that enhanced regulatory frameworks will be needed, both at a global and domestic level.

Microsoft: We addressed allegations of bribes in Africa, Middle East

"We believe we've previously investigated these allegations, which are many years old, and addressed them."

Sudan Central Bank Warns on Cryptocurrency Use as Economy Tanks

The Sudanese pound lost at least 15% of its value this month after the central bank allowed it to float.

Legal,Regulation,Tax & Compliance