Posts Tagged ‘regulation’

Policymakers must regulate fintech to minimize risks, maximize contribution to society

Policymakers and regulatory bodies must formulate regulations to make sure that the fintech sector complies with security standards as well as contributes to society’s greater good. That conclusion was reached by a group of panelists at summit organized by the Indonesian Venture Capital and Startups Association (Amvesindo) and the Ministry of Communications and Information and […]

Brazil central bank liquidates Banco Neon in fintech setback

Brazil’s central bank liquidated small lender Banco Neon SA on May 4 due to a breach of regulations, and suspended operations of an associated tech startup that had raised $22 million in venture capital the day before. Neon Pagamentos SA – a fintech startup that used the infrastructure of Banco Neon to process checking accounts […]

Central Bank of Sri Lanka preps fintech sandbox

The Central Bank of Sri Lanka aims to establish a Sri Lankan FinTech Regulatory Sandbox with the objective to encourage and enable FinTech initiatives that promote efficiency and increase access to financial products and services. A FinTech Regulatory Sandbox provides a safe space in a controlled environment for selected innovators to test their products and services, […]

U.S. judge dismisses state regulators’ lawsuit over national ‘fintech’ charter

A District of Columbia federal judge dismissed a lawsuit brought by state bank regulators against the U.S. Comptroller of the Currency over its proposal to offer charters that would let so-called fintech companies do business nationwide. Since the OCC has not reached a final decision on the fintech charters, the claim of harm by the […]

New initiative to fast-track Fintech patent application-to-grant process in Singapore

The Intellectual Property Office of Singapore has launched a new Fintech Fast Track initiative which provides expedited patent application-to-grant process for Fintech inventions. Under this initiative, Fintech patents will be granted in as quickly as six months, compared to at least two years for normal applications. This will support the growth of Singapore’s Fintech sector by helping businesses bring […]

Initial Coin Offerings: The Badlands Between Innovation and Regulation

Regulation is inherently reactive, and is an intrinsic response to innovation. The natural cycle of regulation begins with innovation, which is often misunderstood and foreign to regulators, and is followed by a period of bureaucratic interpretation and finally by enforcement. The SEC is now prepared to aggressively tackle the issues/violations associated with ICOs, hence the […]

ICO Attorneys Felix Shipkevich And Stefan Savic Presenting Strafford CLE

Shipkevich ICO attorneys will be presenting a 90-minute Strafford CLE live webinar on virtual currency and regulations on Wednesday the 18th at 1:00 pm. The lecture titled “Cryptocurrency: Evolving Regulatory Landscape, Recent SEC, CFTC, FinCEN, IRS Enforcement Actions,” will update current regulations of cryptocurrency and how their enforcement actions will affect companies invested in ICO […]

How Australia Is Becoming A Cryptocurrency Continent: Markets, Regulations And Plans

Australia has decided that there is a lot of potential in cryptocurrency. The country has been very direct and positive in terms of cryptocurrency regulation and is already implementing some of its bigger plans, like exchange registration. However, their plans and rules relating to cryptocurrencies are not unreasonable, stifling, or damaging, rather, they could be […]

What is the state of the global ICO regulation?

Because of the volatility of cryptocurrency and the deepening understanding of blockchain technology by governments and regulatory bodies, the ICO regulations, in particular, keep changing by the month. It is possible to find a government stating its position about ICOs and cryptos today only to make a complete U-turn after a few weeks. Read about […]

Philippine SEC Defines Cloud Mining Contracts As Securities

The Securities and Exchange Commission of the Philippines has declared that cryptocurrency cloud mining contracts qualify as securities under the Howey test. In light of this guidance, such contracts must be duly registered before they are offered for sale, and entities selling them must obtain the appropriate license and/or permit to sell securities to the […]