Hong Kong's Securities Watchdog to Regulate Crypto Funds- Hong Kong's Securities and Futures Commission (SFC) says it will bring crypto funds under its securities regulations to improve investor protection. In a circular issued Thursday, the financial regulator said that investment funds based in Hong Kong and that intend to invest...
Consentium Looks To Monetize Cryptocurrency Transfers. Consentium, the first multi-digital currency and group monetization chat application for Asia, was released to the public Jan. 25. The $10 million in funding raised from a private ICO sale will be used to expand to other Asian markets – China, Singapore, South Korea...
Clearly moving towards dominating the crypto payment market, Cardano (ADA) has moved a step forward in actualizing this with the launch of its prepaid card in South Korea. Seoul-based mobile fintech company, just announced the launch of the world's first crypto prepaid card. Metaps...
On April 5, Bank of India ( RBI ) issued a warning to all banking and financial institutions in the country to cut off their dealings with Cryptocurrency-related companies. In the face of this incident, the crypto market in India was dragged into a panic, causing the crypto investors in the country to enter an alternative search. Some eye-catching traders continued...
An official of South Korea has revealed the plans of the government to announce its official stance on Crypto ICOs in November. According to The Investor, Chief of the Office for Government Policy Coordination, Hong Nam-Ki, in a response to a question raised on the stance of the government concerning...
An independent beta of multi-currency has been recently launched by a Canadian startup, Shakepay. Being a peer-to-peer (P2P) mobile wallet, it allows users to purchase and sell various Cryptocurrencies including Bitcoin. This is a one-click platform for Canadians to buy bitcoin by simply using their smartphones. Moreover, users can send...
Fintech And Its Worldwide Impact On Businesses: How is Fintech affecting the global business? Well it is just a way of technology affecting finance in numerous weighs. So, if you are a customer wanting to pay or investor who wants to check out CFD trading ways, this take of technology...
FCA call for input to incorporate technology in its systems. FCA (Financial Conduct Authority) of UK has taken the initiative to call for input in the use of technology to ensure effective and efficient regulation. In order for the regulated firms to provide accurate, efficient and consistent regulatory reports,...
iZettle recently announced that it intended to launch IPO in order to raise SKr 2bn. It is intending to list on the NASDAQ exchange in Stockholm. The Fintech start-up is aiming to increase its turnover by at least 40% each and every year for the next 3 years. JP Morgan...
A former top official of Equifax is not feeling good these days after he was charged by US authorities with insider trading. The insider trading accusations came into the picture after the former official allegedly sold off all of his stock in the credit rating agency last summer before the...