The head of the European Banking Authority has no intention at the moment to regulate cryptocurrency.
EBA chairperson Andrea Enria said instead of regulation a "nuance approach" is the better way to deal with cryptocurrency concerns.
In a recent speech, Enria said instead of regulation, cryptocurrencies should be subject to full...
Finally it seems the usually conservative Canadian government is inclined into a review of the advantages of incorporating an open banking system allowing users to have their financial information shared.
The Finance department broke the silence and came in the open air six months after giving a lead that expressed...
The European Fintech Alliance has once again fired up its tussle with the financial services establishment over PSD2 by speculating that banks will rely on below par APIs in order to avert competition.
The alliance of 74 fintechs, fintech associations and challenger banks shows its distrust, as the Regulatory Technical...
As Washington retreats, what’s next for consumer finance regulation?
What has the change of leadership in Washington intended for regulating customer financial products - and what will it imply later on?
The federal government is stepping back, and also the states are taking the initiative, based on a new report.
“Fewer federal...
EU Looks To Pass Bloc-Wide Laws To Help Crowdfunding Efforts. European Union officials say all companies could benefit from crowdfunding bloc-wide laws.
The EU is passing new guidelines and rules about crowding, in the hopes that it brings in more startup companies. For example, a suggestion has been made on...
BCBS presents different scenarios in the light of emerging technology in the Banking sector. The Basel Committee on Banking Supervision (BCBS) in its latest report has analyzed the effect of Fintech firms on the emerging banking services and the future of the financial services industry.
The paper deliberated on the implication...
There are numerous disparities in India, for instance, both uncritical acceptance in astrology and technological applications exist side by side. Such coexistence represents the diversity of the country, a unique quality that intrigues global stakeholders. Surprisingly, the start-up network manages to evolve amid low literacy and income levels. India...
How Disruptive Is Fintech? What is a disruption? Can we attribute that word to what Fintech companies have done recently? Disruption will mean that the services offered by the previous company are replaced and then become obsolete. In simple terms, a company's services can be disrupted if a newer...
S&P shows no concern over the collapse of Cryptocurrencies
The widespread popularity of the cryptocurrencies over the past year has raised eyebrows over the inherent risk in these financial instruments.
However, credit ratings agency S&P is of the view that the breakdown in the cryptocurrencies will neither disturb the stability of...
‘Roadmap’ Set By European Union Banking Watchdog To Oversee Fintech: The EU’s banking watchdog laid down a roadmap that is expected to curb the current discrepancies in the regulation of the fast-paced financial technology industry while putting into consideration digital currencies. The new rules that will take effect on January...
