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Financial Conduct Authority, on the 2 Key Initiatives to the Era of Open Finance

Following the Part 1 interview of the Financial Conduct Authority, Maha El Dimachki, Head of Payments of the FCA reveals some of her key initiatives in the FCA, including the significance of the second Payment Services Directive (PSD2) among the EU countries and the rationale of the Stronger Customer Authentication. As Co-Chair of Spectrum, the … Continue reading Financial Conduct Authority, on the 2 Key Initiatives to the Era of Open Finance

Paxos—How the Global Financial Crisis Inspired the Creation of the NYDFS-Regulated Stablecoin

Charles Cascarilla is the CEO and co-founder of Paxos, a financial technology company working to modernize the financial system by digitizing and mobilizing assets. Paxos is building a future where all assets—from money to gold to securities— can be digitized and then moved instantaneously. Before Paxos, Cascarilla co-founded institutional asset management complex Cedar Hill Capital … Continue reading Paxos—How the Global Financial Crisis Inspired the Creation of the NYDFS-Regulated Stablecoin

New Money Theory Research: Blockchain to Usher in the New Age of Monetary and Financial Freedom

New Money Theory Research: Blockchain to Usher in the New Age of Monetary and Financial Freedom Throughout history, humans have progressed through both a reliance on institutions and in many cases by rebelling against institutions that no longer serve them. In order to improve the overall social efficiency of our civilization, processes of social division … Continue reading New Money Theory Research: Blockchain to Usher in the New Age of Monetary and Financial Freedom

Financial Stability on The Brink of Instability Due to Bigtech Companies

With cryptocurrencies on the rise, the Financial Stability Board suggests governments and regulators to thoroughly monitor the rising trends of BigTech companies developing crypto payment and digital money transmission markets. A recent report published that the FSB spoke on the increase in monitoring BigTech’s involvement in the financial services, as it recognizes its potentiality in … Continue reading Financial Stability on The Brink of Instability Due to Bigtech Companies

Alex Fazel of Swissborg, on Financial Freedom, Predicting the Price of Bitcoin and Breakdancing

Alex is one of the founding members of Swissborg founded two years ago to open the world of finance to all. His brother and CEO Cyrus had been working in investment banking but was struck by how he was only helping the rich get richer – a position with which he was not comfortable. And … Continue reading Alex Fazel of Swissborg, on Financial Freedom, Predicting the Price of Bitcoin and Breakdancing

Telegram Resists the SEC Court Order to Reveal Financial Details of 2018 ICO

A recent court filing initiated by the United States Securities and Exchange Commission (SEC) compels Telegram to reveal bank records and other transactional documents showing how the raised funds have been used in the last two years.The filing stated: “Plaintiff respectfully moves to compel Defendants to answer questions and provide documents regarding the amounts, sources, and use … Continue reading Telegram Resists the SEC Court Order to Reveal Financial Details of 2018 ICO

Nobel Laureate Prof Banerjee – Applying RCT to Financial Inclusion

On the second day of the Asian Financial Forum (AFF), Prof Abhijit Vinayak Banerjee, the winner of the Nobel Prize in Economic Sciences will deliver a keynote speech on financial inclusion. Banerjee won the esteemed prize along with fellow MIT economist and spouse Esther Duflo and Harvard Academic, Michael Kremer. What is Financial Inclusion? Financial … Continue reading Nobel Laureate Prof Banerjee – Applying RCT to Financial Inclusion

FinTech Remains as a High Priority Sector, Says Hong Kong Chief Executive Carrie Lam at the Asian Financial Forum 2020

The 13th Asian Financial Forum, taking place as a two-day event starting on Jan. 13, 2020, in Hong Kong, gathering the most influential leaders of the global financial, government, and business sectors, groundbreaking discussions on inclusiveness, innovation, and fintech. Fintech as one of the high priority sectors in Hong Kong In the opening session of … Continue reading FinTech Remains as a High Priority Sector, Says Hong Kong Chief Executive Carrie Lam at the Asian Financial Forum 2020

Telegram to Release Financial Statements to the SEC in Gram Token ICO Case

The United States Securities Exchange Commission (SEC) has asked Telegram to release its financial statements, which includes bank records, as the regulator believes will prove the misconduct in the $1.7 billion offering of Gram tokens. According to the filing on Jan. 13, by the international privacy laws and the new information with the court of … Continue reading Telegram to Release Financial Statements to the SEC in Gram Token ICO Case

Perianne Boring: Blockchain Will Be the Foundation of the New Financial System

Perianne Boring is the Founder and President of the Chamber of Digital Commerce—the world’s first and largest blockchain trade association. Boring began her career as a legislative analyst in the U.S. House of Representatives, advising on finance, economics, tax, and healthcare policy. Prior to forming the Chamber, Boring was a television host and anchor of … Continue reading Perianne Boring: Blockchain Will Be the Foundation of the New Financial System