The march of the cryptocurrencies, monitored and reported regularly in this News section, is relentless. Our Friends at Finextra report the latest: Zodia Custody, a digital asset joint venture operation between Standard Chartered and Northern Trust, has received regulatory approval from the Financial Conduct Authority and is now providing commercial services to clients as a […]
As regular visitors to our News section will be aware, central bank digital currencies (CBDCs) are a coming thing. Cynics would say CBDCs are merely a way of distracting consumers from investing in true cryptocurrencies. CBDCs are digital, but not crypto – since they are controlled by central banks. However, they are soon to be […]
The big FinTech story of the weekend was the move by the UK’s lead financial regulator, the Financial Conduct Authority to clamp down on much of the cryptocurrency trading activity in the UK. Crypto transactions are opaque (the transaction is easy to see on the blockchain, but the true identity of the beneficial owner of […]
It’s long been possible to buy train tickets from machines on Swiss train stations. The latest step to bring cryptos into the mainstream in this country – which is in the vanguard of the race to normalise cryptos – is reported by our friends at Finextra: After six months of testing with a selected group […]
The governments and regulatory authorities of developed nation states have a major imperative: to control the nature of cryptocurrencies and the way they do business. Our friends at Crowdfundinsider reports on a seminal piece of litigation in the US: In December 2020, the Securities and Exchange Commission (SEC) filed a complaint in a New York federal court against Ripple […]
Well, at the risk of repeating ourselves… today sees yet more news of the rise of cryptocurrencies, as reported by our friends at Finextra. Here’s an excerpt: New research from the UK’s Financial Conduct Authority has found that excitement about the rising valuations attached to cryptocurrencies has firmly penetrated the retail consumer market. Overall, public […]
The UK regulatory authorities are making the best of a bad job. Cryptocurrencies are here to stay, of that there’s no doubt – but regulation, and consequent auditing and taxation of taring and investment gain of these assets are still some way off. Our friends at AltFi report on the latest developments here in Britain. […]
Our head of content and communications opines on the nature of digital money, specifically cryptocurrencies, and its place in – and threat to – the modern nation state. Here’s an extract of his recent article in Byline Times. Rethinking the nature of money is serious stuff. It is, in effect, the re-examination of a concept […]
Digital bank Revolut is in the vanguard of bringing the alternative-finance sector into the mainstream. Its latest move takes it closer to becoming a one-stop-shop for all of its users’ financial needs. Our friends at AltFi carry the tale: The fintech, which is well on its way to becoming a financial ‘super app’, has added 11 […]
After an unsurprisingly difficult 2020, this year is set to show solid growth in crypto-related mergers and acquisitions, according to extensively quoted research from PWC. The data shows that the crypto M&A sector more than doubled last year to $1.1 billion from 2019 figures. This year’s surge in crypto prices is leading a major boom […]