Global

October 18, 2019 @ 6:59 pm By Roman Buzko and Mariam Gordiashvili  |  

The new law regulating crowdfunding in Russia will enter into force on January 1, 2020. Existing platforms must comply by July 1, 2020. Federal Law No. 259-FZ “On Investments Through Investment Platforms and Certain Amendments to Other Laws of the Russian Federation” dated August 2,… Read More

October 18, 2019 @ 6:12 pm By JD Alois  |  

Curve, a popular Fintech app that enables a single card to manage all of your credit cards, has updated its brand. “Our old brand simply wasn’t cutting it. It was too bland for our colourful product. We’re too bold for the swamp of boring banker… Read More

October 18, 2019 @ 5:34 pm By Omar Faridi  |  

Bermuda’s residents can now pay their taxes in cryptocurrency. The government of the British Overseas Territory announced on October 16 that it will take payments in Circle’s USD Coin (USDC) “for taxes, fees and other government services.”  According to a press release by Circle Internet… Read More

October 18, 2019 @ 4:02 pm By Samantha Hurst  |  

Creditspring, a UK-based subscription-based loan membership platform, has officially closed its equity crowdfunding campaign on Seedrs. The company completed the funding round with a total of £1,571,666 secured. Through the initiative, which was launched in August, CreditSpring offered 13.30% in equity at a £9,780,000 pre-money… Read More

October 18, 2019 @ 2:54 pm By Omar Faridi  |  

Nearly three-quarters, or 75%, of German consumers said they would not use Facebook’s controversial stablecoin Libra, according to a recent survey Out of 2000 Germans, aged 16 and over, that were questioned, only 27% said they might consider using Libra to conduct local or international… Read More

October 18, 2019 @ 12:54 pm By JD Alois  |  

Yesterday, the BBC program “Watchdog Live” reported on alleged problems at digital bank Monzo where customers have been blocked from accessing their accounts. “we’ve been contacted by quite a few customers saying they have had their accounts frozen with no explanation, so all of a… Read More

October 18, 2019 @ 12:08 pm By JD Alois  |  

Telegram has responded to the Securities and Exchange Commission’s enforcement action revealed last week. On October 11, the SEC filed an emergency action and obtained a temporary restraining order against Telegram. The SEC targeted an alleged unregistered, ongoing digital token offering in the U.S. and… Read More

October 18, 2019 @ 11:46 am By Omar Faridi  |  

United Arab Emirates (UAE)-based real estate firm Emaar Properties has launched a new blockchain token-based referral and loyalty platform. Emaar, the developer of Burj Khalifa, the world’s tallest building, and the Dubai Mall, intends to use the EMR token to reward its customers, according to… Read More

October 18, 2019 @ 10:29 am By Cali Haan  |  

Coindesk is reporting that Terry Gou, who founded electronics manufacturing giant Foxconn in 1976, told attendees at Taiwan’s technology association AGM in Taipei October 3rd that he thinks the country should welcome Facebook’s Libra with open arms. “I know (Facebook CEO Mark) Zuckerberg pretty well, and… Read More

October 18, 2019 @ 9:42 am By Therese Torris  |  

Look & Fin, a European crowdlending pioneer, announced that it has raised €6 million from local investment fund finance & invest.brussels and private investors. Founded in 2012, Look & Fin, is one of the top SME crowdlender in the European area of Belgium, Luxembourg and… Read More

October 18, 2019 @ 9:22 am By JD Alois  |  

Pan European peer to peer lender EstateGuru has launched a secondary market for their loans, according to a note from the company. Investors may now buy and sell the securities online. EstateGuru is a peer to peer market for short term, property-backed loans for SMEs…. Read More

October 18, 2019 @ 8:21 am By JD Alois  |  

European payment Fintech Lemon Way has announced a signed agreement to receive a €25 million investment from Toscafund Asset Management LLP. Details of the investment were not provided. The investment is subject to regulatory approvals. Toscafund is a London-based multi-asset alternative investment management firm with… Read More

October 17, 2019 @ 8:32 pm By Cali Haan  |  

Telegram, makers of the popular mobile messaging app Telegram, have sent an email to GRAM token investors asking for a six-month extension on the launch of TON, a blockchain network financed by the company’s $1.7 billion USD 2018 token sale. The request for an extension… Read More

October 17, 2019 @ 8:27 pm By JD Alois  |  

Lime FS Pty Ltd has agreed to shut down “digital advice tools” following concerns raised by the Australian Securities and Investment Commission (ASIC). According to ASIC, Lime has voluntarily shut down two digital advice referenced as robo advice. Lime FS’ corporate authorised representatives, Plenty Wealth… Read More

October 17, 2019 @ 12:15 pm By JD Alois  |  

The Swiss Federal Council received an update yesterday regarding the topic of stablecoins and Facebook’s Libra specifically. According to a post on the Swiss government website, Switzerland will continue to actively monitor discussions on new digital technologies such as blockchain/DLT and the country is generally… Read More

October 17, 2019 @ 11:28 am By Omar Faridi  |  

Denis Beau, deputy governor of Banque De France, the nation’s central bank, says that lawmakers should develop a comprehensive global regulatory framework for digital assets. Beau, whose comments came during a speech at an Official Monetary and Financial Institutions Forum (OMFIF) conference in London on… Read More

October 17, 2019 @ 10:56 am By Cali Haan  |  

Seamico Securities, which has been awaiting the green light to fire up an ICO portal called SE Digital inThailand, says it has been informed by the Thai Securities and Exchange Commission that it may, “initiate its business.” As per a letter hosted on the Seamico… Read More

October 17, 2019 @ 9:35 am By Omar Faridi  |  

A report from the Bank of England (BoE) notes that the application of machine learning (ML) methods in the financial services sector could enhance routine business processes.  Improved software and hardware and increasing volumes of data have enhanced the pace of ongoing ML development, BoE’s… Read More

October 16, 2019 @ 10:36 pm By Cali Haan  |  

The latest Financial Times coverage is casting further doubt on the profitability and integrity of operations at the German payments giant Wirecard. (WDI.DE) Wirecard, for its part, has countered that FT journalists are engaging in collusion with short sellers to devalue the company. In response… Read More

October 16, 2019 @ 10:06 pm By Cali Haan  |  

Two hundred-fifty investigators, thirty speakers gathering and other attendees at the OffshoreAlert Conference on financial intelligence and investigations in London November 11th and 12th will have a chance to examine the role tethers played in creating “the largest bubble in human history,” the Bitcoin/crypto bubble… Read More