Shaping the future of payments
The payments landscape continues to morph. Driven by innovation and shifts in consumer preferences, new systems, new methods and new players are shaping the future of payments. The BIS Red Book statistics offer a look into that future.
UAE central bank launches fintech office
The Central Bank of the United Arab Emirates is to establish a new fintech office to implement its fintech strategy and roadmap.
Microsoft To Help Enterprises Mint Their Own Ethereum Tokens
Microsoft is taking its secret platform for creating tokens similar to bitcoin out for a test drive. The software giant, which was among the first to accept bitcoin for payment, has created a mint for issuing a wide range of crypto assets.
tags: Fintech CryptoAssets
Statement on IOSCO study of emerging global stablecoin proposals
Existing securities rules could apply to stablecoin digital currency initiatives such as Facebook’s Libra project to help realize its benefits.
Understanding What’s Behind China’s Booming Insurtech Scene
China’s insurance market has grown rapidly over the past few years. In 2017, total primary premiums in China hit RMB 3.1 trillion, making the nation the second largest insurance market in the world. Online insurance has achieved even faster growth, with online insurance premiums increasing by nearly twentyfold over the last five years from RMB 11.07 billion in 2013 to RMB 183.53 billion in 2017.
Bahrain to Provide Fast-Track Setup Program for Fintech Startups
The Bahrain Economic Development Board has introduced a fast-track setup program for startups looking to do business there. The new initiative will provide an expedited entry process covering visa requirements, residency and business registration processes. It also offers guidance from the country’s incubators and accelerators, as well as access to grants and financial supports.
tags: Fintech Regulation Sandboxes
German banks say: The economy needs a programmable digital euro!
The German private banks rate programmable digital money as an innovation with great potential that can be a key component in the next stage of the evolution of digitalisation.
tags: CBDC Fintech CryptoAssets
Singapore Based Fintech to Launch Blockchain Based Bond Exchange
Singapore-based BondEvalue today announced that it has been approved to enter the Monetary Authority of Singapore’s (MAS) Sandbox Express to launch a blockchain-based bond exchange. The platform will offer a unique proposition to reduce the minimum investment amount of bonds to US$1,000 via BondbloX.
tags: Fintech Blockchain Liquidity
FATF Releases Guidance on Global Digital IDs as Use Cases Grow
FATF published its draft guidance on digital identity Thursday, for governments, regulated entities and other stakeholders to enforce anti-money laundering (AML) and counter financing terrorism (CFT) regulations.
tags: AMLCFT Fintech Regulation
Lone Bitcoin Whale Likely Fueled 2017 Price Surge, Study Says
One entity on the cryptocurrency exchange Bitfinex appears capable of sending the price of Bitcoin higher when it falls below certain thresholds, according to University of Texas Professor John Griffin and Ohio State University’s Amin Shams. Griffin and Shams, who have updated a paper they first published in 2018, say the transactions rely on Tether, a widely used digital token that is meant to hold its value at $1.