government

Feb
22

Venezuela launches its own cryptocurrency to escape hyperinflation

President Nicolas Maduro says Venezuela has received $US735 million in the first day of a pre-sale of the country’s “petro” cryptocurrency, aimed at pulling the country out of an economic tailspin. Maduro is hoping the petro will allow the ailing OPEC member to skirt US sanctions as the bolivar currency plunges to record lows and […]

By Reposted by International FinTech | Blockchain . Currency . FinTech
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Feb
07

U.S. states join forces on fintech licenses

Banking regulators of seven U.S. states have agreed to simplify the way financial technology companies can apply for licenses, in a bid to make it easier for businesses to offer their services nationwide. The states of Georgia, Illinois, Kansas, Massachusetts, Tennessee, Texas and Washington, will recognize each other’s findings when assessing the suitability of companies […]

By Reposted by International FinTech | FinTech
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Feb
07

Singapore says no strong case to ban cryptocurrency trading

Singapore’s central bank has been studying the potential risks posed by cryptocurrencies, but there is as yet no strong case to ban trading of the digital coins in the city-state, Deputy Prime Minister Tharman Shanmugaratnam said. “Cryptocurrencies are an experiment. The number and different forms of cryptocurrencies is growing internationally. It is too early to […]

By Reposted by International FinTech | Bitcoin . FinTech
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Feb
07

North Korea is a suspect in the $530 million Coincheck cryptocurrency heist

North Korea is no stranger to cryptocurrencies: The rogue regime has been accused of launching a global ransom attack to raise bitcoin, hacking South Korean exchanges, and mining crypto both within its borders and secretly on your computers. Now, it has become a suspect in the world’s largest crypto heist, Reuters has reported. South Korea’s […]

By Reposted by International FinTech | Bitcoin . FinTech
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Feb
07

Cybersecurity dominates EU Fintech Action Plan

Cybersecurity takes top billing in the European Union’s upcoming Fintech Action Plan, with a draft emphasising efforts to improve cooperation and coordination between market participants and regulators. Recognising its potential threat to the stability of the financial sector, the European Parliament has called on the EC to make cybersecurity “the number one priority” in the […]

By Reposted by International FinTech | FinTech
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Feb
02

India’s flourishing fintech sector is craving the finance minister’s attention

While most industries have long lists of demands from finance minister Arun Jaitley leading up to the budget on Feb. 01, India’s booming fintech sector primarily has just one wish—that its presence be acknowledged. While the Narendra Modi government and the Reserve Bank of India (RBI) have already laid down regulations for certain segments, such […]

By Reposted by International FinTech | Bitcoin . Blockchain . FinTech . Peer-to-Peer
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Jan
31

New alliance launched in Hong Kong to help support local FinTech startups

FinTech was identified as one of the key areas to generate momentum for Hong Kong’s economic development, under ‘Smart Economy’ in the city’s Smart City Blueprint released last December. FinTech initiatives will also have an impact in the ‘Smart Living’ area of the Blueprint. On January 24, a new alliance was launched in Hong Kong […]

By Reposted by International FinTech | FinTech . Investing
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Jan
31

Indonesia’s fintech lending boom exploits shortfall in bank loans

Fintech firms, offering loans of as little as a few hundred dollars, are seeing a spike in lending in Indonesia where tens of millions of people have little or no access to bank credit – helping alleviate a financing shortfall estimated at more than $73 billion. The emergence of these peer-to-peer (P2P) lending platforms has […]

By Reposted by International FinTech | Banking . Borrowing . FinTech . Lending
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