Global

We find Fintech news from around the world and share it with you here.

North Korean Dissident Group Raising Money on Ethereum

A group dedicated to the liberation of North Korea, Cheollima Civil Defence, is raising funds through the sale of 200 000 symbolic “visas” that promise holders they will be among the among the first to visit “Free Joseon upon liberation.” The group’s “Post-Liberation Blockchain G-VISAs”… Read More

Quick Q&A: Exscudo Founder & CEO Andrew Zimine Highlights New Credit Card, Growth Plans & Transparency

Exscudo, a blockchain platform which helps users to manage, hold and transfer digital as well as traditional financial assets, recently announced an upcoming credit card linked to the Channels app that will support support EUR, BTC and EON, with plans to add BCH, EHT, ETC,… Read More

Fintech Lending Express: “The Majority of Business Do Not Have Any Option for Financing”

Lending Express is a Fintech on a mission to become the leading site for SME lenders – globally. Lending Express has offices in both the US and Israel, which has a hot Fintech sector. To date, the site has helped to fund over $125 million… Read More

Carstens: Central Banks Should Not Issue Digital Currencies

The General Manager for the Bank for International Settlements (BIS), Augustin Carstens, told an audience in Dublin last Friday that central banks should not get into the business of issuing a central bank digital currencies or “CBDCs” to the public, mainly because tokens/”blockchains” do not… Read More

France: Loi PACTE Poised to Enable Digital Asset Issuance

The French National Assembly recently passed the PACTE law (Loi PACTE). The omnibus bill entails a variety of acts of legislation designed to boost the French economy. Championed by the French government it is expected to become law within the coming months – perhaps as… Read More

OurCrowd Recognized as Most Active Venture Investor in Israel for 2nd Year

For the second year in a row, investment crowdfunding platform OurCrowd has been recognized as the most active venture investor in Israel. The ranking was provided by venture data tracking company Pitchbook.. OurCrowd recently held its annual investor summit which drew over 18,000 registrations as… Read More

Kriptown to Issue Digital Assets in France, Seeks to Provide Additional Liquidity for Private Equity Investments

France is a country that is seeking a path to enable digital assets. In the past, Bruno Le Maire, the Minister of the Economy and Finance of France, has been fairly outspoken on the topic as he has publicly stated that blockchain is a technical… Read More

Report: French Law Firm and Blockchain Company Create Working Group on Real Estate and Tokenization

France is a country that is pursuing a regulated path for the tokenization of securities. The Pacte Law (Loi PACTE) is predicted to be signed into law at some point this spring. Ostensibly, the legislation will define the issuance, and management, of digital assets. In… Read More

Linh Thanh Group and KRONN Ventures AG Sign MOU to Launch Crypto Exchange in Vietnam

KRONN Ventures AG, a Switzerland based blockchain focused company, has signed a memorandum of understanding(MOU) with Linh Thanh Group, for the “production of cryptocurrency and the establishment of cryptocurrency exchange” in Vietnam. According to a release, the group has received a license from regulators to… Read More

Accused Bitcoin Launderer Alexander Vinnik Appeals for Humanitarian Release

Alexander Vinnik, a 39-year-old Russian national accused by three countries of crimes involving bitcoins, including money-laundering and fraud, has filed an appeal with a court in Piraeus, Greece, asking that he be released from prison on humanitarian grounds and returned to Russia, Ekathimerini reports. Vinnik… Read More

China: WeiyangX Fintech Review

WeChat Shuts Down More Than 2,500 Accounts for Illegal Loan Activities On March 15th, China’s Central Television (CCTV) shined its spotlight on the illegal loans market during its annual Consumer Right’s Show. On March 18th, WeChat released an official statement about combating illegal credit services… Read More

Swiss Legislative Branch Votes to Adapt Current Financial Regulations to Cover Cryptocurrencies

Switzerland’s Federal Council has voted 99-83 (with 10 abstentions) that existing “procedural instruments of the judicial and administrative authorities” should be adopted forthwith, “so that they can also be applied to cryptocurrencies.” The motion was introduced by Giovanni Merlini (FDP / TI), a Swiss Free… Read More

First Data Acquires Operator of YesCash & Cash4Less – ayCash

First Data (NYSE:FDC), has acquired ayCash, a Germany-based provider of cashless payment terminals and digital merchant services. A First Data representative said ayCash has a growing client base, serving the increased demand for cashless technology in Germany and the region. Founded in 2008 by Hans… Read More

tribeOS is First Digital Security Issued Under Bermuda’s ICO Law

Announced during the Security Token Summit in Bermuda this week, tribeOS said its “digital security offering” FIRE has received regulatory approval under Bermuda’s young ICO Act (2018). tribeOS is described as a blockchain-based digital advertising marketplace designed to help advertisers and publishers run secure, fraud-free… Read More

Fast Growing Payments Platform InstaReM Partners with First Data

Singapore based Fintech InstaReM has announced a partnership with First Data (NYSE: FDC), a global leader in commerce-enabling technology and solutions. The new partnership will combine InstaReM’s digital payments and remittance solution with First Data’s debit processing solution. InstaReM said that by leveraging First Data’s… Read More

Gay Travel Platform MisterB&B Exceeds $500K on Wefunder

The gay travel platform misterb&b has quickly surpassed $516K with the help of 916+ investors, easily bypassing its minimum target, and on its way to a $1M Wefunder campaign target goal. Just last year the startup celebrated an $8.5M Series A round. Founded by CEO Matthieu… Read More

P2P Property Lender The House Crowd Surpasses £100 Million in Lending

Peer to peer lending platform The House Crowd has surpassed £100 million of invested capital through its platform. The House Crowd said the past year has been pivotal for the platform as the UK property market slowed. The Manchester-based online property lender reported several new… Read More

Say Hello to UK Challenger Bank Tandem’s New Savings Account Feature, Autosavings

UK Challenger bank Tandem Bank just added a new savings account feature powered by Autosavings. The new account pays 0.5% interest and helps anyone save little, while giving customers the flexibility to save how they want, when they want, rounding up purchases to the nearest pound… Read More

Tide Foundation Co-Founders Yuval Hertzog & Issac Elnekave Address Privacy Profitability, Marketplaces and Mass Blockchain Adoption

Tide Foundation just launched a data marketplace aimed at making privacy profitable. Tide’s blockchain protocol seeks to address costly GDPR compliance, compensation and data accuracy issues to drive a new consensual data economy. “While we all deserve a human right to privacy, we’re witnessing the disastrous results of… Read More

Quebec Securities Regulators Want to Hear From “Blockchain Laboratory” Investors

Quebec’s Autorité des marchés financiers (AMF) and Financial Markets Tribunal (TMF) would like to hear from anyone who invested in “Blockchain Lab Inc.” Affected investors are asked to contact M me  Sarah Abi-Khalil at 1 877 525-0337 , extension 2644, before 1 st April 2019. The company and its proprietors, Jonathan Forte, Benjamin… Read More

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