June 30, 2023 @ 9:51 am By JD Alois  |  

The Financial Services and Markets Act 2023 has been granted Royal Assent. The comprehensive legislation aims to grow the UK economy while enabling innovation. London has long been a top global financial services center. This leadership has morphed into the UK becoming one of the… Read More

June 29, 2023 @ 6:42 pm By JD Alois  |  

It appears that raising money online runs in the family when it comes to Dalmore Group founder Etan Butler as his son is pursuing an already successful rewards-based campaign. Live now on Kickstarter, Gal Butler has raised over $85,000 on a funding target of just… Read More

June 29, 2023 @ 3:03 pm By JD Alois  |  

Coinbits is another digital asset platform with a relationship with Prime Trust – now insolvent – that finds that some customers cannot access their crypto. In a series of Tweets, Coinbits shared the news to its followers: This is thread that we would never have… Read More

June 29, 2023 @ 12:06 pm By JD Alois  |  

Online capital formation platform Issuance, has expanded its Issuance Express platform to include Reg D 506(b) offerings. Issuance already supports Reg CF (Regulation Crowdfunding) and Reg A+ (Regulation A) exempt securities offerings. The Express service is a streamlined process to invest in a private security… Read More

June 29, 2023 @ 11:43 am By JD Alois  |  

The House Financial Services Committee, under the leadership of Republicans, has sent another letter to SEC Chairman Gary Gensler – this time blasting Gensler for ignoring a previous missive. The Chairman of the Committee, Patrick McHenry, the Chairman of the House Judiciary Committee, Jim Jordan,… Read More

June 29, 2023 @ 9:52 am By JD Alois  |  

A memorandum of understanding (MoU) has been created and signed by multiple institutions in Lithuania to confirm the “National Fintech Guidelines for 2023-2038.” Lithuania is a hot Fintech market that has punched above its weight for some time now when it comes to innovation in… Read More

June 28, 2023 @ 6:56 pm By JD Alois  |  

Like many other jurisdictions, the European Union has been reviewing the potential to launch a digital Euro, and today, the EU took another step in that direction. As expected, the EU issued a proposal to create a digital Euro which seeks to satisfy the needs… Read More

June 28, 2023 @ 6:34 pm By JD Alois  |  

Once one of the most respected real estate investment platforms in the US, PeerStreet has now filed for bankruptcy. According to a corporate statement, PeerStreet aims to sell substantially all of its assets, including its mortgage loan assets, and tech platform. The company seeks to… Read More

June 28, 2023 @ 3:07 pm By JD Alois  |  

Earlier this month, draft legislation was introduced by Congress to work towards a regulatory structure for digital assets. Last week, the North American Securities Administrators Association (NASAA) sent a letter to two House committees telling Congress they did not support the proposed rules. While most… Read More

June 28, 2023 @ 12:59 pm By JD Alois  |  

Deloitte Switzerland has partnered with Polimec to provide reusable KYC or know your customer. These credentials will be using Polkadot, and the “banking grade” KYC credentials will be issued by Deloitte. The company explains that this information will be utilized to empower the global fundraising… Read More

June 28, 2023 @ 12:03 pm By JD Alois  |  

Michael Ackerman, from Alliance, Ohio, has been ordered to pay over $50 million for a bogus digital asset trading scam. The Commodity Futures Trading Commission (CFTC) has received a default judgment regarding Ackerman from the U.S. District Court for the Southern District of New York…. Read More

June 28, 2023 @ 11:07 am By JD Alois  |  

Fintech Nexus, once the must-attend global Fintech event of the year, is no more, according to a blog post on their website. Fintech Nexus has signed an agreement with Fintech Meeting to take over the events business. Launched years ago as LendIt, focusing first on… Read More

June 28, 2023 @ 9:00 am By JD Alois  |  

Digital asset firm Paxos has inked a deal to provide Mercado Pago with access to the stablecoin Pax Dollar (USDP). The Pax Dollar will now be available to Mercado Pago’s users in Mexico. Paxos shares that over 60 percent of its active wallets are currently… Read More

June 28, 2023 @ 8:32 am By JD Alois  |  

CGB Green Liberty Notes LLC, part of the Connecticut Green Bank, has announced its seventh Green Liberty offering. The security is issued under Reg CF and sold on the Raise Green platform. The offering allows individuals to participate for just $100 to support small businesses… Read More

June 27, 2023 @ 6:30 pm By JD Alois  |  

The European Union is expected to release its proposal on digital payments and a possible digital euro soon. In advance of the anticipated release, the Crypto Council for Innovation has issued a statement on the forthcoming policy. Mark Foster, the EU Policy Lead at the… Read More

June 27, 2023 @ 5:04 pm By JD Alois  |  

The Bank of Lithuania has terminated the electronic money institution (EMI) license of UAB Payrnet. The bank said the license was revoked due to “serious, systematic and multiple violations of legal act. The company allegedly violated the Law on Electronic Money and Electronic Money Institutions,… Read More

June 27, 2023 @ 12:28 pm By JD Alois  |  

Bitfinex has launched peer-to-peer (P2P) services in Argentina, Colombia and Venezuela. The service will allow customers to buy and sell crypto directly to individuals while completing the payment process outside the platform. Bitfinex P2P will offer services for Bitcoin, Tether – USDt and EURt, Tether… Read More

June 27, 2023 @ 12:18 pm By JD Alois  |  

Rivero, Switzerland-based Fintech, is working with Cornèrcard, an issuer of Visa, Mastercard and Diners Club payment cards to leverage their compliance platform. According to a company statement, Cornèrcard will use Rivero’s compliance SaaS solution, Kajo, to digitalize its compliance processing requirements. Kajo is expected to… Read More

June 27, 2023 @ 8:57 am By JD Alois  |  

Fintechs, including neobanks, have been one of the hottest sectors of venture funding around the world. This segment of private capital is also one of the hottest sectors for online capital formation as entrepreneurs rush to disrupt the somewhat antediluvian banking world. Nebeus is a… Read More

June 26, 2023 @ 6:44 pm By JD Alois  |  

Financial tech provider Finastra says it has been approved for the new FedNow Service launching in the next few weeks. FedNow is a US government initiative to power real-time payments. The service will be integrated into Finastra’s Payments To Go platform and will later be… Read More