regulation

EU to Step Carefully With Cryptocurrency Regulation

Despite a Brussels-based think tank advising the European Union to adopt common rules for cryptocurrencies, a subsequent meeting of European finance ministers concluded that regulations could wait.

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Blockchain’s on the Rise, but Trust and Laws Are Still Lacking

As blockchain becomes more mainstream in payments and financial services, trust and regulatory guidance need to improve. It would be hard to deny that we are in a bear market right now for cryptocurrencies after the wild rise experienced in 2017 – but this does not change the reality.

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Cryptocurrency Traders in China Find Ways to Get Around State Regulators

Industry observers are certain that Chinese investors will always find ways to circumvent increasingly tightening controls over cryptocurrency trading by mainland authorities, making it practically impossible to ever impose a complete shutdown on trading.

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Japan Ramps Up Scrutiny of New Cryptocurrency Exchange Applicants

Japan’s primary financial regulator has dramatically increased its screening process of applicants registering to open cryptocurrency exchanges, according to a local report.

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EU Regulation Will Drive U.S. Banks to Embrace FinTech or Lose Market Share

Two significant changes to European Union regulations have given the FinTech industry a major shot in the arm and strengthened its position as a competitor to traditional banking, the result of which will be that U.S. banks will beforced to rethink their client strategies.

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U.S. Treasury: Regulators Should Back Off FinTech, Allow Innovation

The Treasury Department recently released a report urging state and federal regulators to revamp outdated statutes and support technological innovations such as AI, machine learning and blockchain that could make the U.S. financial system more nimble and competitive.

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Tightening Regulations Makes Fintechs Easy Takeover Targets

Embattled financial technology businesses in China, which have come under tightened regulatory scrutiny, are becoming acquisition targets by mainland banks accelerating their digitalisation drive, according to global management consultancy McKinsey.

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How the World Is Regulating the $220 Billion Cryptocurrency Market

As an increasing number of people get involved with cryptocurrencies in some way, particularly retail rather than professional investors, regulators have taken a keen eye on the industry. But it’s not just bitcoin they are looking at.

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CFPB Joins Foreign Regulators in Global Financial Innovation Network

The Consumer Financial Protection Bureau today announced a new partnership with 11 financial regulators and related organizations around the globe aimed at creating a Global Financial Innovation Network. The network is intended to facilitate interactions between regulators and innovators as they seek scale and ubiquity for new technologies.

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Treasury Finds Promise In, Urges Regulation Across, FinTech Landscape

It was no surprise that FinTech dominated regulatory headlines this past week, with a Treasury report that helped set the stage for a sea change in how these financial upstarts might be both governed and cultivated.

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FinTech Firms on the New FinTech Charter

Getting bogged down in a maze or taking unnecessary risks – the current climate for FinTech in the United States often leaves players with only those two stark choices, according to Bruce Parker, founder and CEO of Modo, which describes itself as a cloud-based utility that enables payment system interoperability.

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China Fines Alipay for Violating Payment Services Regulations

The Shanghai head office of China’s central bank has levied a fine of 4.12 million yuan (601,846) on Alipay, the online payment platform of Ant Financial, for violating regulations on payment services, the regulator said on Monday.

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