Global

November 4, 2019 @ 7:05 am By Omar Faridi  |  

Her Majesty’s Revenue and Customs (HMRC), the UK’s tax, payments, and customs agency, has made changes to its crypto-asset taxation framework for local firms and individuals. HMRC, which creates tax guidelines and various other financial policies, published tax guidance updates that aim to clarify the… Read More

November 4, 2019 @ 1:22 am By Omar Faridi  |  

London-based TotallyMoney, a Fintech firm that helps its clients make better financial decisions by putting them right at the center of their credit data, has reportedly raised £5 million (appr. $6.5 million) from Silicon Valley Bank (SVB). TotallyMoney’s management says it aims to make financial… Read More

November 3, 2019 @ 10:29 pm By Omar Faridi  |  

Netherlands-based Move4Mobile, a Fintech firm that focuses on concept, strategy, design and development of mobile-based software, has created a smartphone payments app for Hakrinbank The new payments app has been developed in order to introduce online payments to Suriname, the smallest nation in South America…. Read More

November 3, 2019 @ 6:14 pm By Omar Faridi  |  

We recently caught up with Dr. Joshua Ellul, chairman of Malta Digital Innovation Authority and director of centre for DLTs at the University of Malta. Last month, the island country of Malta introduced a Masters in Blockchain and Distributed Ledger Technology program. The crypto-friendly jurisdiction… Read More

November 3, 2019 @ 6:02 pm By Omar Faridi  |  

Encrypted messaging provider Telegram has launched an early desktop wallet for its blockchain-based Gram tokens. Users can download Telegram’s test app for Windows, MacOS, Linux 64 bit operating systems from the company’s official website and get their keys on the Telegram Open Network (TON) testnet. … Read More

November 3, 2019 @ 5:54 pm By Cali Haan  |  

A Canadian living in the Burj Khalifa, Dubai’s most famous luxury building, has been arrested for serial fraud, including cryptocurrency fraud, and is now sitting in a cell at the Al Awir jail, Gulf News reports. Aziz ‘Com’ Mirza and his two brothers allegedly used online… Read More

November 3, 2019 @ 4:47 pm By JD Alois  |  

An ongoing enforcement action brought by the Commodity Futures Trading Commission (CFTC) pertaining to a cryptocurrency called ATM Coin has been resolved with a federal court ordering defendants to pay over $4.25 million in penalties. The US District Court of Eastern District of New York… Read More

November 2, 2019 @ 1:05 pm By JD Alois  |  

Funding Circle (LSE:FCH) has announced updates to the lending experience for retail investors in the UK. According to a blog post, on 2 December, the company will launch a new selling tool that is expected to improve retail lenders’ ability to access funds more regularly… Read More

November 2, 2019 @ 12:31 pm By Xu Gao  |  

People’s Bank of China and the State Administration for Market Regulation Jointly Incorporate Fintech Products into the National Certification System To implement the policy of “pushing for the establishment of a management system based on government supervision and led by standards where corporate responsibilities are… Read More

November 2, 2019 @ 11:37 am By Omar Faridi  |  

London-based Pollinate, a company that offers a merchant services platform, has reportedly launched after receiving £60 million (appr. $77.6 million) in investments. The company’s financial backers included EFM Asset Management, Mastercard, Motive Partners, and the Royal Bank of Scotland (RBS). Founded in 2017, Pollinate provides… Read More

November 2, 2019 @ 11:29 am By Omar Faridi  |  

The Malta Financial Services Authority (MFSA), the financial regulator of Malta, has reportedly received 21 requests from digital asset exchanges that are interested in acquiring operational licenses under the island country’s Virtual Financial Assets (VFA) Act. As noted in a November 1 announcement on MFSA’s… Read More

November 2, 2019 @ 11:02 am By Cali Haan  |  

Chi-X, an Australian stock exchange that handles about 20% of the country’s trades, is concerned that a new cost-cutting blockchain registry, settlement and clearing system being developed by rival ASX will enhance the ASX’s market dominance over settlement, Reuters reports. Chi-X, a subsidiary of New-York-based… Read More

November 1, 2019 @ 4:28 pm By Omar Faridi  |  

Spanish neobank Rebellion has reportedly become the first challenger in the nation to acquire a banking license and provide International Bank Account Number (IBANs), according to a report from La Vanguardia.  The Fintech company is planning to become a neobank that “best speaks the language… Read More

November 1, 2019 @ 3:24 pm By JD Alois  |  

Goji has launched an asset custody service to support the growth of crowdfunding platforms, according to a company release. Goji states that FCA’s regulatory obligations to safeguard client assets can either be operated internally on the platform or rely on a third-party custodian. Goji currently… Read More

November 1, 2019 @ 12:32 pm By JD Alois  |  

Fast-growing Fintech Landbay says October was a great month for the real estate peer to peer lending platform. Without providing any details, Landbay tweeted out the news. Earlier this year, Landbay reported that a “leading financial institution” had committed to funding £1 billion in buy… Read More

November 1, 2019 @ 11:52 am By Omar Faridi  |  

UK-headquartered SME bank Recognise Financial has reportedly decided to use Mambu’s cloud-native solution in order to streamline its banking services. The solution will help the bank improve communication and enhance the speed of transactions for small and medium enterprises (SMEs). Monica Velasquez, CTO of Recognise,… Read More

November 1, 2019 @ 9:34 am By JD Alois  |  

The Association of German Banks (Bundesverband Deutscher Banken), the association that represents all of the private banks in Germany, is demanding a programmable digital Euro. A position paper published by the Association is advocating for the creation of a digital Euro in response to Facebook’s… Read More

November 1, 2019 @ 8:18 am By JD Alois  |  

Ethis has received regulatory approval to operate in Indonesia marking the third market this year where the platform may now provide online capital formation. Ethis received approval to provide peer to peer crowdfunding as authorized by the Financial Services Authority of Indonesia. Prior to this… Read More

November 1, 2019 @ 7:38 am By Omar Faridi  |  

Singapore-headquartered Zilliqa, a high-throughput public blockchain network for building decentralized applications (dApps), is preparing to launch the return of Blockchain A-Z, a series of educational workshops on distributed ledger technology (DLT).  According to a press release shared with CrowdFund Insider, Zilliqa is teaming up with… Read More

November 1, 2019 @ 1:14 am By Cali Haan  |  

The number of unlawful sites soliciting crypto investments from investors in Belgium has now reached 131 entities, an update to list of such sites indexed by the country’s Financial Services Markets Authority (FSMA) indicates. Even then, “This list cannot be considered as exhaustive,” the regulator… Read More