March 15, 2022 @ 5:00 am By JD Alois  |  

Bitstamp is reporting that it has implemented Notabene’s solution for regulatory compliance under FATF’s global Travel Rule regulations across the US, EU, and Singapore. Notabene is a Regtech Software-as-a-Service solution provider that is headquartered in New York with offices around the world. The Financial Action… Read More

March 14, 2022 @ 10:48 pm By JD Alois  |  

Binance has received a crypto asset license from the Central Bank of Bahrain (CBB), according to the crypto exchange. This is Binance’s first digital asset-specific license. The company said approval by the CBB demonstrated its commitment to being in regulatory compliance as the first of… Read More

March 14, 2022 @ 6:59 pm By JD Alois  |  

The US Department of Labor has issued a “compliance assistance release” about 401K retirement plans and investment in cryptocurrencies. According to the DOL, they have become aware of firms offering this option to savers and cautions plan fiduciaries to “exercise extreme care before they consider… Read More

March 14, 2022 @ 6:22 pm By JD Alois  |  

Chainalysis, a leading blockchain/crypto monitoring and data platform used by both private and public entities, shared last week that they are building tools that “make it easier for any organization to integrate sanctions screening for cryptocurrencies into their existing operation.” As has been previously reported,… Read More

March 14, 2022 @ 5:57 pm By JD Alois  |  

The Bank of Russia has taken the extraordinary measure of halting trading on the Moscow Stock Exchange now for a second week. In a public statement, the Bank said there would be no trading from 14 to 18 March 2022 on the Moscow Exchange in… Read More

March 14, 2022 @ 3:32 pm By JD Alois  |  

Earlier today, the Economic and Monetary Affairs Committee, of the European Parliament,  adopted its “negotiating position on crypto assets. According to a statement by the EU parliament its goal is to “boost users’ confidence and support the development of digital services and alternative payment instruments.”… Read More

March 14, 2022 @ 3:00 pm By JD Alois  |  

Sarah Bloom Raskin was selected by President Joe Biden to fill a seat on the Federal Reserve Board of Governors. Last January, Biden announced his decision to appoint Raskin as Vice Chair for Supervision of the Federal Reserve. At that time, Biden described Raskin as… Read More

March 14, 2022 @ 11:24 am By JD Alois  |  

David Marcus was previously the head of Facebook / Meta’s (NASDAQ:FB) initiative to create a non-sovereign global digital currency. First branded as Libra, and then as Diem, the digital currency launched with much fanfare but eventually sputtered – largely due to global regulatory pushback that made… Read More

March 14, 2022 @ 10:14 am By JD Alois  |  

Playter, a buy now – pay later (BNPL) startup, has raised a $1.7 million Seed round, according to a statement from the company. Playter is a London-based platform that aims to help startups scale quicker with BNPL invoicing. The round was co-led by global investment… Read More

March 14, 2022 @ 10:04 am By JD Alois  |  

Contrarian real estate investment manager Palladius Capital Management has listed a fund on property investment platform RealtyMogul, according to a statement from the company. Palladius Real Estate Fund I (PREF I) is described as a private fund that targets a $100 million capital raise, focused… Read More

March 14, 2022 @ 8:57 am By JD Alois  |  

Leading UK-based property Fintech LendInvest has hired Greg Medcraft, former Head of Australia’s regulator, as Senior Advisor. Medcraft Commissioner and then Chairman of Australia’s financial services regulator, ASIC was from 2009 to 2017. Until last year, he was Director of the Directorate for Financial and… Read More

March 13, 2022 @ 5:20 pm By JD Alois  |  

EquityMultiple, a real estate investment platform, posted a platform update earlier this month. EquityMultiple currently offers three different options for investors: Fund Investing; Direct Investing and a “Savings Alternative.” The funds request a $20,000 minimum and invest in both property debt and equity. A fund… Read More

March 13, 2022 @ 4:44 pm By JD Alois  |  

Wefunder, a leader in Reg CF securities offerings, distributed a Tweet yesterday that provided some insight into deal structure for issuers raising capital on its platform. Wefunder is typically the most active funding portal in the Reg CF space as it garners the largest number… Read More

March 12, 2022 @ 6:22 pm By JD Alois  |  

The definition of an Accredited Investor determines who may participate in Regulation D (Reg D) private placement offerings. This is an enormous market at over $1 trillion in annual investments and the most popular path for an early-stage firm to raise needed growth capital.  The… Read More

March 12, 2022 @ 5:51 pm By JD Alois  |  

The UK Financial Conduct Authority (FCA) has told all operators of cryptocurrency ATMs operating in the UK to shut down machines or face an enforcement action. In a statement, the FCA said that crypto ATMs providing crypto exchange services must be registered and comply with… Read More

March 12, 2022 @ 5:36 pm By JD Alois  |  

Early-stage Fintech Kolleno has raised  £4 million in seed funding, according to a statement by the company. The funding was led by Eurazeo and Stride.VC. Other investors include Euler Hermes, HubSpot, and several angel investors including Michael Pennington, Mark Ransford, and Will Neale. Kolleno was… Read More

March 12, 2022 @ 2:36 pm By JD Alois  |  

PayPal (NASDAQ:PYPL), a global payments provider that continues to offer a growing amount of Fintech services, says it will block wallets in Russia beginning on March 18th. The news follows an ever-increasing number of financial services firms that have temporarily shut down services or blocked offerings… Read More

March 12, 2022 @ 2:21 pm By JD Alois  |  

The Draper Hero Index (DHI) says it will start monthly updates to its United States Draper Innovation Index (DII US), a measurement of a state’s competitiveness when it comes to entrepreneurship and innovation. The Index is created in partnership with Dun & Bradstreet – beginning… Read More

March 12, 2022 @ 11:16 am By JD Alois  |  

Zhejiang University International Business School (ZIBS) has concluded the Fintech and Regulatory Innovation (FTRI) Program for its inaugural China cohort, according to a statement from the organizers. The school reports that this cohort was comprised of 34 executives and senior managers from Mastercard, Invesco Asia-Pacific,… Read More

March 11, 2022 @ 8:01 pm By JD Alois  |  

Cake DeFi, a Singapore-based compliant Fintech that aims to make DeFi accessible, is reporting a USD $100 million venture capital subsidiary to invest in startups in various sectors of blockchain tech like Web3, gaming, Fintech, Meta, etc. Cake DeFi Ventures (CDV) states that it will… Read More