Tagged: perspective

Liquid M Capital Tells House Committee: We Believe it is Critical for Regulators to Foster the Value of Innovation in Fintech Without Stifling it Through Unclear Regulations

Last week, during a meeting of the House Financial Services Committee, subcommittee on Capital Markets, Securities, and Investment, Members of the Committee peppered cryptocurrency / initial coin offering experts with questions regarding the emerging method of online capital formation. While the overall tenor of the discussion… Read More

Bad News: SAFTs May Not Be “Compliant” After All

The Securities & Exchange Commission (SEC) has reportedly sent a wave of subpoenas and information requests to companies engaged in Initial Coin Offerings (ICOs). The SEC scrutiny is perhaps not surprising, given that, as Crowdfund Insider writes, “if you invest in an ICO, the play… Read More

HMRC’s New Guidelines on SEIS and EIS May Worry Some but There is a Silver Lining

HMRC’s new stricter guidelines around their Seed Enterprise Investment Scheme / Enterprise Investment Scheme (SEIS / EIS) may worry some crowdfunding campaigners, but there is a silver lining. SEIS and EIS, both startup investment tax relief schemes, protect up to 80% of your investment into… Read More

Fintech in Canada: The Good, The Bad & The Ugly

Last week during the National Crowdfunding and Fintech Association of Canada’s annual event, FFCON2018, there was a single presentation that provided a state of Fintech in Canada. Professor Michael King,  from the Scotiabank Digital Banking Lab @ Ivey Business School, delivered an excellent synopsis of what’s… Read More

Competition Counts: Former FCA Innovation Lead Shares Experience at UK Regulator, Explains New Role at Cambridge Centre for Alternative Finance

The Cambridge Centre for Alternative Finance (CCAF) is the leading research authority on global innovations in finance. Over the past several years, CCAF has produced benchmark reports tracking the growth and evolution of all forms of Fintech around the world. These reports have become valued… Read More

Head of European Banking Authority Says the Regulate and Restrict Approach to Fintech is Ineffective

Let Fintech Innovation Reign The Head of the European Banking Authority, Andrea Enria, delivered a fascinating speech last week in Copenhagen. Enria addressed the challenge of appropriate regulation when it comes to innovation in finance. Fintech needs freedom to grow and evolve and slapping on… Read More

Initial Coin Offering Attorneys Beware, You Could Be Next!

Following the SEC’s recent initial subpoena offerings (pun intended) targeting initial coin offering (ICO) issuers, many believe the SEC might now turn its sights toward some of the gatekeepers involved in the subject ICOs, including the attorneys. Some attorneys practicing in the ICO space have… Read More

Four Takeaways from SEC Warning that Cryptocurrency Exchanges May Be Unlawful Trading Platforms

On March 7, 2018, the Securities and Exchange Commission (SEC) issued a public statement warning that cryptocurrency coin exchanges were possibly operating as unlawful online trading platforms¹.  The SEC staff noted that “many online trading platforms appear to investors as SEC-registered and regulated marketplaces when… Read More

Here is the European Commission Fintech Action Plan

As we reported last week, the European Commission has announced its intent to pursue a Fintech Action Plan designed to boost Fintech innovation across continental Europe. The recognition that enabling innovations in finance are of strategic importance. This is a vital step in keeping Europe… Read More

The Bank of Amazon: It’s Just Gonna Happen

Crowdfund Insider has been writing about big tech getting into banking and other financial services for a long time now. The disruption taking place within the financial services industry is profound and traditional finance is struggling to keep up with the revolutionary change. While many… Read More

UKCFA Comments on European Commission Move to Improve Crowdfunding Market in Continental Europe

The UK Crowdfunding Association (UKCFA) has shared a brief comment regarding proposed rules released by the European Commission yesterday that are expected to be enacted. These updated rules are designed to streamline cross border crowdfunding offerings to the benefit of issuers, investors and platforms. By… Read More

How to Respond to an SEC Subpoena: The Top Ten Tips for Cryptocurrency Entities

  For initial coin offering (ICOs or token offerings, SAFT, etc.) issuers, investors, token holders, and anyone else operating in the cryptocurrency market, the message of recent days is clear: the U.S. Securities and Exchange Commission has shifted into high gear. News reports indicate that… Read More

Initial Coin Offerings: Is this How it Should’ve Been a Few Years Ago When US Securities Crowdfunding First Became Legalized?

    The very first initial coin offering (ICO) took place in June of 2013 when Mastercoin raised around $5 million in Bitcoin. That was the same year that Title II of the JOBS Act launched allowing general solicitation (SEC lingo for advertising) under Regulation… Read More

There is Friction Between New Finance & Old Regulation. Milken Report Highlights Legislative Progress on Fintech, Makes Recommendations as to How Congress Can Do More

The Milken Institute is out with a comprehensive report this week that drills down into existing legislative action by Congress that addresses the emerging Fintech industry. This is the first report of its kind and provides a solid perspective on what Congress has accomplished to… Read More

Investoo CEO David Merry: Bank of England Chief Mark Carney’s Comments on Cryptocurrency & AML are “Confusing”

As reported earlier today, Mark Carney, the Governor of the Bank of England, delivered a speech today address the rise of cryptocurrencies and the future of money. In Carney’s opinion, cryptocurrencies are “failing as money.” He outlined his opinion why crypto, including Bitcoin, simply does… Read More

Governor of Bank of England Mark Carney: Cryptocurrencies are Failing as Money

What is money? In The Wealth of Nations, Adam Smith defines money by the roles it plays in society, in particular, how well it serves as: –  A store of value with which to transfer purchasing power from today to some future time; –  A… Read More

Crypto Valley in the Rockies: Wyoming May Become the Switzerland of the US when it comes to Cryptocurrency

Switzerland has become known as a center of excellence for the cryptocurrency industry. In fact, many initial coin offerings (ICO) call Zug, Switzerland home – even if they are not really based there. The Swiss regulators (FINMA) have recognized the emergence of digital currencies as… Read More

Fabio Ciucci Comments on the Way Forward for Cryptocurrency Exchanges as Poloniex Leads the Way

As we reported yesterday, Circle has acquired cryptocurrency exchange Poloniex for $400 million. Not a small sum. But Poloniex has a small issue it must address soon. It is currently operating as an un-licensed securities exchange. Additional information regarding the acquisition surfaced yesterday that indicated… Read More

What if Amazon Did an Initial Coin Offering? What if Amazon Became a Bank?

Amazon is one of the most innovative and disruptive big tech companies today. Led by visionary Jeff Bezos, Amazon’s story starts from humble beginnings as a mere book seller. Today, Amazon is pointing its tech guns at many different industry. Sure, Amazon is the place… Read More

ICO Industry Chatter: Subpoenas are Rolling in from SEC

We have been hearing for some time now that past issuers of initial coin offerings (ICOs) have been receiving subpoenas from the Securities and Exchange Commission (SEC). This should come as no surprise to anyone as the SEC has been messaging their concern regarding ICOs… Read More