Tagged: perspective

October 31, 2019 @ 7:00 pm By Nick Raper  |  

With the implementation of PSD2 in Europe, Open Banking payment solutions are starting to be rolled out across the UK and Europe. But while the core Open Banking payment solutions are live, there is a long way to go until we see the widespread adoption… Read More

October 30, 2019 @ 3:00 pm By JD Alois  |  

Crowdfund Capital Advisors co-founder Sherwood “Woodie” Neiss is tweeting that Reg CF (Regulation Crowdfunding) has now topped $300 million in total funding, providing capital to over 2000 campaigns. Reg CF, part of the JOBS Act of 2012, is a securities crowdfunding exemption where issuers may… Read More

October 28, 2019 @ 10:19 pm By JD Alois  |  

The US House of Representatives passed HR 4860 or the Crowdfunding Amendments Act by a voice vote today thus indicating broad bipartisan support. The bill was part of a grouping of five financial services bills each quickly approved by the House. The bill was introduced by… Read More

October 27, 2019 @ 6:53 pm By JD Alois  |  

For some years now there has been a discussion at the European Commission regarding harmonization of online capital formation rules. Today, crowdfunding is regulated at the member state (national) level creating a mish-mash of European regulations that defy the entire concept of a single market… Read More

October 19, 2019 @ 1:51 am By Cali Haan  |  

Dr. Matthias Lehmann, chair for civil law, private international law and international business law at the University of Bonn, has published a paper proposing localized legal solutions to problems posed by transnational distributed ledgers (DLT) and blockchains like Bitcoin. According to a blog post regarding… Read More

October 15, 2019 @ 12:53 am By JD Alois  |  

Last week, Crowdfund Insider reported on the Securities and Exchange Commission (SEC) enforcement action against Telegram and the issuance of Gram tokens. The move by the SEC is a doozy and telling. First, Telegram sold about $1.7 billion in a SAFT (simple agreement for future… Read More

October 14, 2019 @ 5:00 am By JD Alois  |  

Facebook’s attempt to launch a global non-sovereign currency was doomed from the beginning for many reasons. While Facebook will continue to put a smiley face on Libra, in its current form, it is just not happening. And this is not just about Facebook’s penchant to… Read More

October 13, 2019 @ 7:00 pm By Andrés Abumohor  |  

Financial technology (Fintech) companies are finding new ways to meet consumer demands and create more financial inclusion on a global scale. While Fintechs are on the rise, these companies still have to manage the same problems traditional financial institutions face: fraud. And while fraud permeates… Read More

October 11, 2019 @ 4:16 pm By JD Alois  |  

Alon Goren has been involved with the Fintech industry for a very long time. From the very early days of regulated crowdfunding (JOBS Act of 2012) to the emergence of crypto and the advent of digital assets, Goren has pretty much seen it all. Several… Read More

October 10, 2019 @ 7:50 pm By Cali Haan  |  

Besides injections of Tethers and high-profile proclamations of imminent six-figure Bitcoin valuations, rumours of institutional money shortly avalanching into crypto also fuelled Bitcoin’s parabolic bull run in late 2017. Similar claims of institutional crypto thirst were in the media made this summer, and a price… Read More

October 9, 2019 @ 1:42 am By Cali Haan  |  

An advocacy group representing mainstream stock exchanges and clearinghouses from around the globe, the World Federation of Exchanges (WFE), has asked the UK’s Financial Conduct Authority (FCA) not to ban cryptocurrency derivatives products aimed at retail investors. In a consultation paper issued by the FCA… Read More

October 3, 2019 @ 4:57 pm By Timothy Li  |  

Initial Thoughts Every year, thousands of finance professionals from banks, credit unions, specialty financing companies and Fintech companies converge at Lend360. It’s an annual pilgrimage where decision-makers in the financing sector come together to learn from each other and plan ahead for the new year…. Read More

October 2, 2019 @ 2:38 pm By JD Alois  |  

Earlier this week it was announced by the Securities and Exchange Commission (SEC) that it had settled with Block.one, creator of EOS, regarding allegations of issuing unregistered securities during an initial coin offering (ICO) that raised a record-breaking $4 billion. The fine assessed by the… Read More

September 29, 2019 @ 6:03 pm By JD Alois  |  

Earlier this month, Innovate Finance CEO Charlotte Crosswell delivered an Open Letter to UK Prime Minister Boris Johnson demanding the Enterprise Management Incentive (EMI) be updated to a cap of £100 million from the current £30 million. Simultaneously, the missive asked the government to increase… Read More

September 25, 2019 @ 1:11 pm By JD Alois  |  

The deadline for comments on the Securities and Exchange Commission’s “concept release” on regulatory harmonization was yesterday. But even while the official deadline hit on September 24th, we expect that more comment letters from interested parties will be trickling in over the next few days… Read More

September 16, 2019 @ 11:10 pm By JD Alois  |  

Reg CF [Regulation Crowdfunding], the smallest of the three crowdfunding exemptions created by the bi-partisan JOBS Act of 2012, became officially actionable in May of 2016. In that time, hundreds of issuers have raised money on FINRA regulated “funding portals” taking advantage of the internet… Read More

September 10, 2019 @ 4:55 pm By Maxwell R. Rich  |  

The securities regulatory regime in the United States is one based on the principle of disclosure, disclosure, and more disclosure; only those who can fend for themselves may invest without the benefits of statutorily prescribed disclosure. Therefore in the United States, there are only three… Read More

September 4, 2019 @ 4:26 pm By JD Alois  |  

The Conference of State Bank Supervisors (CSBS) has been rebuffed once again in its attempt to stymie looming Fintech banking competition. In a decision issued yesterday (September 3, 2019), the US District Court for the District of Columbia ordered that the CSBS pursuit of a… Read More

September 1, 2019 @ 7:00 pm By Hernan Soler  |  

They say technology is making the world smaller by facilitating shared connections, transactions, and experiences around the globe. One result of this increased global awareness and connectedness is an increased interest in travel. Though the majority of the world has never traveled by plane, the… Read More

August 30, 2019 @ 2:48 pm By Michael B. Saryan and Charles S. Kaufman  |  

Each year, billions of dollars in direct foreign investment flow to U.S. developers and entrepreneurs under the EB-5 Immigrant Investor Program. The program gives foreign investors the opportunity to obtain permanent U.S. residency – a green card – if they make a qualifying investment in… Read More