Managers of Wealth Fintech

Introducing The Irish AML Regime For Crypto Providers

This update highlights the key requirements which will apply to VASPs and the new registration requirement.

Coinbase IPO: Bitcoin investors must expect more government scrutiny of crypto

“Should it hit its private market valuation of $100 billion, it would immediately become one of the 85 most valuable companies in the U.S."

BitPay joins Square-founded crypto patent effort

“We want to eliminate barriers to innovation, rather than letting patents become one, and welcome BitPay and their many contributions to the blockchain and payments space,” said Kirupa Pushparaj, COPA Board Chair.

Latham & Watkins Advises Financial Advisers in Coinbase Direct Listing

Latham represented the financial advisers to Coinbase in its direct listing with a capital markets team led by New York partners Marc Jaffe, Greg Rodgers, and Benjamin Cohen, with New York associates Brittany Ruiz, Jonathan Hernandez, and Darby Dietrich.

EU’s Investment Bank Poised to Deploy Blockchain for Bond Sale

EIB hires investment banks to explore a potential deal

HSBC Swims Against Crypto Tide

The company adopted a policy last year to primarily hold bitcoin instead of cash, and has been purchasing the cryptocurrency with its extra cash and paying its directors in BTC.

Front Page Story and Back Page Correction: IRS Clarifies Its Public Cryptocurrency Position in Internal Guidance

Hard forks could be treated as sales or exchanges, but it’s unlikely that the new blockchain would differ materially in kind and extent so as to be treated as a taxable sale or exchange.

HSBC Changes Crypto Policy, Now Bars Clients From Buying Stock of Companies That Hold Bitcoin

The bank now prohibits its customers from buying the stock of public companies that are holding bitcoin in its treasury.

French state investment firm CDC on tokenized digital assets: opportunities, challenges

During that time, the CDC has been involved in some of the highest profile blockchain projects in France, which have informed Filali’s views on the tokenization of financial assets.

Bitcoin Is Making a Splash. What to Know Before You Test the Crypto Waters.

That profile describes Bitcoin, of course, and it is having a moment.

DBS rolls out AI-powered investment advisory feature

DBS is also amalgamating the customer knowledge assessment and customer account review assessments a customer must take and pass before being permitted to invest in more sophisticated products.

Coinbase’s crypto party enters wild stage

The digital exchange is gearing up for the biggest float since Facebook. Believers and doubters agree it’s a landmark moment

AI giant to accelerate UK growth with $475m financing

Founder and CEO Ted Bailey told BusinessCloud that the money – which values Dataminr at more than $4 billion – will be used in part to “significantly broaden our international footprint”.

Is China setting the future agenda for central bank digital currencies?

The Chinese policymakers realise that even if China is on top of the world economic order, it is highly likely that the USD will maintain its dominance

Cryptocurrency users beware: IRS targets unknown taxpayers via John Doe summons

The summons require the crypto exchanger to produce records identifying all such taxpayers falling above this US$20,000 threshold, along with any documentation related to their cryptocurrency transactions.

State Street tech to back crypto trading platform

The platform, which is slated to go live by the middle of the year, aims to be go-to platform for institutional investors seeking an allocation to Bitcoin.

JP Morgan uses blockchain to improve global transfers

Confirm - the latest application on JP Morgan's blockchain-based Liink - is currently being tested with 12 Taiwan banks for money transfers via PayDirect into Indonesia.

Singapore Warns Public Against Crypto as World Warms to Bitcoin

MAS chairman says cryptocurrencies ‘highly risky’ investment

E-krona needs further investigation - Riksbank

The main purpose of the pilot project is for the Riksbank to increase its knowledge of what form a central bank digital currency might take and showing in a test environment how this e-krona could be used by the general public.

Nice Actimize unveils tool to cut compliance risk for wealth management and insurance firms

Already adopted by a number of leading global FSOs, SURVEIL-X Suitability combines communications surveillance, sales practices and suitability, and Regulation Best Interest (Reg BI) surveillance in a single, integrated cloud-native platform.

Bitcoin, Blockchain & AI