Tagged: perspective

Arca CIO Slams Lack of Transparency in Digital Asset Offerings

Jeff Dorman, Chief Investment Officer at Arca, has distributed a statement criticizing the lack of transparency in digital asset offerings. Arca is a digital asset firm that offers institutional-grade financial services in the digital asset sector. In January, Dorman predicted that more attention would be… Read More

Gregory Zerzan on CBDCs: A Digital Dollar Could Be a Huge Challenge to Retail Banking

  Next week, the House Committee on Financial Services will hold a hearing on Central Bank Digital Currencies (CBDCs). This is not the first Congressional hearing on CBDCs, nor will it be the last. The concept of a digital dollar, issued by a central bank,… Read More

Biden Administration Issues Executive Order on Hodgepodge of Items “Promoting Competition” Including Banking. But Will the Policy Move Really Help SMEs?

  As anticipated, the Biden Administration has issued an Executive Order that is said to promote competition in the US economy. The order is extensive and includes a list of 72 areas where Joe Biden seeks to change. Included in the list is net neutrality,… Read More

Colin Pape, Creator of Presearch, Comments on China’s Exit from Bitcoin Mining, Updates on Blockchain based Search Engine’s Progress

The news regarding China’s crypto exit continues to cascade around the world as the second-largest economy puts the squeeze on Bitcoin mining, crypto trading, and other uses of crypto-assets. Just this week, it has been widely reported that the People’s Bank of China has demanded… Read More

Senator Elizabeth Warren Tells SEC Chairman Gary Gensler That Crypto Exchanges are Undermining the SEC’s Mission

Senator Elizabeth Warren, a member of the Senate Banking Committee, has sent a letter to SEC Chairman Gary Gensler telling the securities regulator that crypto exchanges may be undermining the SEC’s mission of basic investor protections. Gensler, for his part, has publicly worried that crypto… Read More

Modulr CEO Comments on Chancellor’s Roadmap for Financial Services, Fintech

Yesterday, the Chancellor of the Exchequer Rishi Sunak outlined his vision for financial services in the UK. The Chancellor highlighted his goal of maintaining, and growing, the UK’s prominence in the finance industry – including the Fintech sector. Topics covered targeting Fintech included distributed ledger… Read More

Securities Expert Concerned that SEC Agenda Could Hobble Capital Formation for Early Stage Firms

Earlier this month, the Securities and Exchange Commission (SEC) shared its regulatory agenda for the next couple of years. The list is quite long and includes many areas of the securities industry. At the top of the list, was the exempt offering ecosystem with the… Read More

House Financial Services Committee Testimony Highlights the Need to Improve IPO Market, Increase Access to Private Securities Offerings

Late last month, the House Committee on Financial Services held a hearing addressing the topic of capital formation and the state of the US initial public offering market. While several witnesses focused on the rapid rise of SPACs, one witness pointed to the precipitous decline… Read More

QR Codes in Latin American Digital Banking: 2021 and Beyond

With the growing knowledge and adoption of digital banking, many consumers are still learning about the capabilities of contactless payments due to new perceptions of value, security, and availability, creating an ongoing challenge for merchants. Consumers are seeking out simplicity and instantaneous opportunities more than… Read More

Nutmeg Delivers Returns to Crowdfunding Investors, Industry Needs More News Like This

Yesterday it was reported that Nutmeg, a digital investment manager operating in the UK, had been acquired by JP Morgan (NYSE:JPM). The Fintech had already partnered with the bank and JPM apparently decided to utilize Nutmeg’s tech as a step to launch a digital-only bank,… Read More

SEC v. Ripple: Implications of Ripple’s Fair Notice Defense

In December 2020, the Securities and Exchange Commission (SEC) filed a complaint in a New York federal court against Ripple Labs, Inc. and two of its executives alleging that Ripple had sold $1.3 billion in XRP cryptocurrency tokens in a series of unregistered securities offerings…. Read More

Doug Ellenoff: Investment Crowdfunding Will Challenge Traditional Venture Capital

The US investment crowdfunding industry received a boost this year as the Securities and Exchange Commission (SEC) adjusted the securities exemptions that platforms and issuers utilize to raise growth capital online. Along with other improvements, key changes include the adjustment of Reg CF (Regulation Crowdfunding)… Read More

Netherlands: Dutch Approach to Crowdfunding May Compel Platforms to Operate Elsewhere in the EU

Last year, the European Union agreed upon pan-European crowdfunding rules designed to harmonize the environment for online securities offerings across all member states. Currently, each member state handles online capital formation in a different manner, regulated by national authorities thus undermining the potential for cross-border… Read More

Binance Under the Microscope: Former FBI Agent Discusses Possible Investigation of World’s Largest Crypto Exchange

Last month it was widely reported that Binance, the largest cryptocurrency exchange in the world, was under investigation by US authorities. Both the US Department of Justice (DOJ) and the Internal Revenue Service (IRS) were said to be scrutinizing the activity of the digital marketplace…. Read More

Perspective: Covid Relief Fraud and Money Laundering in the United States

In an effort to mitigate the effects of Covid-related shutdowns, the US government poured trillions of dollars into relief programs, offering loans to businesses in need and sending checks to people whose income qualified them for aid. However, without adequate controls in place, there was… Read More

Germany: Crowdfunding Industry Criticizes Challenging Regulatory Approach by German Policymakers in Advance of Pan-European Rules

The German Bundestag recently reviewed legislation that will implement the European Crowdfunding Service Provider Regime Regulation (ECSP). According to industry participants, the German rules may fundamentally undermine online capital formation in the country just as the European Union is poised to boost the industry with… Read More

Small Business & Entrepreneurship Council: Biden Policy Like Capital Gains Tax Increases Could Derail the Recovery, Harm Entrepreneurs

The Biden administration has just completed its first 100 days in office. Since January, the Administration has proffered a whirlwind of policy changes and legislation from massive spending in the trillions of dollars to profound changes in the tax system. Meanwhile, the economy has already… Read More

Simple Answers to Four Questions From Blockchain Skeptics

When you work in the blockchain and cryptoasset space for a while, you hear four particular questions asked over and over by people new to the space and particularly by skeptical people.  These are good and important questions and they deserve simple, straightforward answers, so… Read More

Policy Proposal to Boost Economic Growth Includes Online Capital Formation, Digital Assets and More

US Capitol Hill Washington DC

Earlier this year, Senator Pat Toomey, the ranking member of the Senate Banking Committee, issued a call for policy proposals that could boost economic growth. Key policy moves designed to generate more jobs and improve prosperity are always needed – even more so on the… Read More

Finders: Is the SEC Finally Ready to Clarify this Cloudy Issue for Startups and Other Private Companies?

  In an effort to address an issue that has frustrated the business community for years, including startups, tech companies, and “finders,” the U.S. Securities and Exchange Commission (SEC) published a proposed conditional exemption for finders on October 7, 2020. Under the proposal, people (i.e.,… Read More

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