Tagged: perspective

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

August 29, 2019 @ 9:26 am By JD Alois  |  

Europe possesses one of the most robust markets for digital assets. Multiple countries have established bespoke rules to facilitate, or at least regulate, digital asset offerings. These may be securities or utilities or both. Gibraltar, Malta, Switzerland were quick out of the gate with rules…. Read More

August 28, 2019 @ 2:32 pm By Dr. Zvi Gabbay  |  

Colu Group Offers to Buy Back ALL Tokens Issued in ICO The key role and responsibility of financial regulators is to identify and correct market deficiencies that have an adverse effect on investors and end-clients. For this reason, regulators are especially sensitive to corporate conduct… Read More

August 27, 2019 @ 8:03 am By Damien Guermonprez  |  

Ten years after the financial crisis, Alternative Finance continues to exhibit strong growth. The sector is estimated to account for nearly €300 billion of inflows worldwide, a market exhibiting 25% annual growth and largely dominated by the Chinese (75%), which percentage was already recorded in… Read More

August 23, 2019 @ 12:35 pm By Cali Haan  |  

Cryptocurrency skeptics, in particular, these days are closely watching the showdown now underway between sister crypto companies Bitfinex and Tether and the New York Attorney General’s Office, which has alleged fraud at the two firms. As a bit of background, Tether makes a synthetic US… Read More

August 23, 2019 @ 11:30 am By Vincent Ney  |  

It’s no secret that over half of small businesses close their doors within the first five years. One of the critical problems that often occur has little to do with the innovation, ingenuity, or work ethic of the small business owners themselves, but rather the lack… Read More

August 22, 2019 @ 8:39 am By JD Alois  |  

Old finance continues to leverage one of its most valuable assets: lots of money. While traditional banks may struggle to innovate and adapt they continue to do what they do best which is to spend money on emerging tech to hedge against a sectorial shift…. Read More

August 21, 2019 @ 5:59 pm By JD Alois  |  

Faster payments and electronic transfers is a hot sector of Fintech. For quite some time, traditional banks sat on the sidelines watching Fintechs push into their business. Today, they are stepping things up but questions remain as to whether or not old finance has the… Read More

August 20, 2019 @ 12:30 pm By Dror Futter  |  

Recently we marked the second anniversary of the SEC’s issuance of an Investigative Report finding that the DAO Tokens were securities.   While this killed the hopes of those who had interpreted SEC silence to mean consent to the unregulated issuance of tokens, it still… Read More

August 20, 2019 @ 12:01 pm By JD Alois  |  

In the US, the definition of an “Accredited Investor” is an individual who earns over $200,000 a year or has $1 million in net assets minus their primary residence. If you are married, that number moves higher. Yet, as it stands today, this definition does… Read More

August 18, 2019 @ 2:45 pm By Aubrey Hansen  |  

As 2019 moves into its third quarter, the once burgeoning industry of digital banking is starting to make serious waves in the financial world – and investors are taking notice. Big players like Monzo, Starling, N26, Revolut, and EQIBank have recently completed massive funding rounds… Read More