We find crowdfunding news from around the world and share it with you here. Some content is translated by our rather worldly in-house staff.

OECD Secretary General Report Looks at Cryptocurrency Tax Implications: “The Era of Bank Secrecy Is Over”

In its new study, the OECD Secretary General examines cryptocurrency and its tax consequences in the two part Report to G20 Finance Ministers & Central Bank Governors. Part I reports on the activities and achievements of the OECD’s tax agenda, and reviews significant achievements while looking ahead at… Read More

Singapore Robo-Advisor StashAway Celebrates USD $5.3M Series A Funding Round

StashAway, reportedly the first robo-adviser to receive a retail license in Singapore, has completed a USD $5.3 million (SGD $7.0 million) Series A funding round. According to the company, a group of family offices and  new investors as well as previous investors in the business, such… Read More

Australia Can’t Wait to use the Fintech Bridge Established with the United Kingdom

Today, the UK Chancellor of the Exchequer Philip Hammond announced an updated agreement signed with Australian Treasurer Scott Morrison to firmly establish a Fintech bridge between the two countries. This virtual bridge will see both public officials and private partiers working together to foster Fintech… Read More

The Bank of England: Deputy Governor Announces New Fintech Hub at the “Heart of the Bank”

Dave Ramsden, Deputy Governor of Bank of England, addressed the topic of Fintech within the Bank in a speech today. The presentation saw the banker announce a new Fintech Hub within the Bank following the success of its internal Fintech Accelerator; “We are now looking… Read More

Naspers Plans to Sell 190 million Tencent Shares & Funds Will be Used to Invest in Online Food Delivery & Fintech Businesses Globally

Global internet and entertainment group Naspers announced on Thursday it is planning to sell up to 190 million Tencent Holdings Limited (Tencent) shares, equal to approximately 2% of Tencent’s total issued share capital, which would reduce its stake in Tencent from 33,2% to 31,2%. The… Read More

Here is the Enhanced Fintech Cooperation Agreement Between the UK FCA and the Australian Securities & Investment Commission

As was announced earlier today (and leaked out earlier this week) the Australian and UK governments have signed an “enhanced cooperation agreement” on Fintech innovation. Under the new agreement the Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA) will continue to… Read More

Switzerland’s Financial Market Supervisory Authority Presentation on Initial Coin Offering Regulation

The Swiss Financial Market Supervisory Authority (FINMA) has published a deck on initial coin offerings. FINMA has scheduled a series of roundtable meetings in collaboration with the Swiss Crypto Valley Association. The first Roundtable took place last week in Zug, Switzerland. In February, FINMA issued a… Read More

The Great Strength of the British Fintech Community: Chancellor Philip Hammond Says Britain is the Global Capital of Fintech

HM Treasury Publishes Fintech Strategy In a widely anticipated speech today during the midst of UK Fintech Week, Chancellor of the Exchequer Philip Hammond told the audience Britain is the global capital of Fintech and he will do everything he can to maintain this title…. Read More

OurCrowd’s Labs/02 Incubator Company c2a Now Available to Auto Manufacturers Worldwide to Protect Connected Cars Against Cyber Threats

Cyber 2 Automotive Security (c2a),  an OurCrowd Labs/02 incubator company, has announced that its patented Stamper technology, which protects the connected car from cyber threats, is now available to auto manufacturers and suppliers worldwide on a royalty free license basis. The announcement comes just as the US… Read More

InvestHK UK Fintech Award: Fintech Mosaic Smart Data Wins Top Prize

Mosaic Smart Data, a London based Fintech that helps financial institutions in adapting to regulatory change, has won the inaugural InvestHK UK Fintech Awards.  The recognition was revealed by InvestHK  along with the UK Department for International Trade. The competition received 30 submissions from UK based… Read More

Digital Bank Revolut to Issue Disposable Virtual Cards in Unique Move to Combat Fraud

Digital challenger bank Revolut will now allow customers to setup and pay online with disposable virtual cards.  According to Revolut, after each transaction, existing card details will be destroyed and new  card details automatically generated. Revolut is offering the new service in a unique way… Read More

Seedrs Forms New Partnership with Commercial Finance Broker Finpoint

UK based Investment crowdfunding platform Seedrs has announced a new partnership with Finpoint, a commercial finance broker that provides financing solutions to SME’s. Seedrs says the partnership will support businesses scaling and boost investment into UK businesses. According to the agreement, Seedrs will gain access… Read More

Secretary of the Treasury Mnuchin Sanctions Venezuelan Officials Targeting Petro Cryptocurrency

This week, the White House issued an executive order that banned any US citizens or entities from participating in the Venezuelan Petro Coin. The creation of the cryptocurrency based off of Venezuelan oil was a response to the economic crises that has been brought upon… Read More

Regtech Company Exate Technology is Winner of Innovate Finance Pitch360

Innovate Finance, the leading voice for UK’s global Fintech industry, has announced the winner of Pitch360, its Fintech startup competition. The winner of the competition is Exate Technology, a data privacy firm that operates in the Regtech category. Along with being recognized by Innovate Finance,… Read More

UPDATE: What the Revised SEIS / EIS Guidelines Mean for Crowdfunders?

  We recently published an article from John Auckland, from TribeFirst, about HMRC’s new SEIS / EIS guidelines. Since we released this, the crowdfunding platforms met with HMRC to discuss the potential limitations these guidelines might present for companies looking to raise money through crowdfunding, so… Read More

London Stock Exchange / TheCityUK Report Highlights UKs Leading Position for Global Expansion of Fintech

The London Stock Exchange and TheCityUK will be releasing a report on Fintech in the UK later today. In advance of the report, the two entities have revealed data points uncovered in the survey. The UK research polled more than 400 Fintech companies in eight… Read More

SyndicateRoom: Almost Half of UK Investors Fail to Achieve Their Goals while Appetite for Risk is Rising

Investment crowdfunding platform SyndicateRoom is out with new research that indicates investment risk appetite is increasing while returns fail to match the goals held by nearly half of investors. “The low-yield economic environment is having serious effects on the nation’s ability to reach its financial… Read More

Digital Currency Market in Australia Grows as Trading on Crypto-Exchanges Tops AU $3.9 Billion in 2017

Australia’s digital currency market is booming. This is according to a report by the Australian Digital Commerce Association (ACDA) and Accenture that tallied the numbers for 2017. During the year, over AU $3.9 billion was traded on cryptocurrency exchanges with more than 300,000 active traders…. Read More

Russia Follows USA to Tighten Cryptocurrency Regulation

The Russian Parliament has started finalizing a draft bill on cryptocurrency and digital tokens recognising them as assets that cannot be used in exchange for goods and services. The draft aims to define the scope of the regulations of cryptocurrencies, not their prohibition, according to… Read More

G20 Acknowledges Fintech & Crypto Assets May Boost Financial Efficiency & Inclusiveness

  The Group of Twenty or G20 held a meeting this week in Buenos Aires. Participating countries include Argentina, Australia, Brazil, Canada, China, Germany, France, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom, the United States plus the… Read More