UK Businesses Keen on Embracing New Technology – What About Bitcoin?
Technology plays an ever-important role in the daily lives of everyday consumers. But not just consumers can benefit from technological innovation, as companies stand to gain a lot from embracing these new tools. A recent study of British businesses indicated there is a major interest in harnessing technology, which could yield up to nearly £100bn a year. Over the past few years, technological innovation has gotten a bit of a bad reputation. Many people, especially among older generations, feel that machines and other innovations will replace humans in the long run. While it is certainly....
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Over the past few years, it has become abundantly clear that Russia is not a big fan of the Bitcoin concept, to say the least. However, that doesn’t mean the local banks aren’t keeping a close eye on the evolution of blockchain technology. Sberbank has indicated they want to join the growing consortium of banks developing blockchain-based technological solutions. When Russia’s largest bank shows a keen interest in joining a consortium of financial institutions working on blockchain technology projects, things are starting to look more positive than ever in the country. Up until this point,....
Eitan Jankelewitz is a technology lawyer at the law firm Sheridans. He provides commercial legal advice to all kinds of technology businesses, including some operating in the bitcoin economy. In this article, Jankelewitz explains how UK regulation applies to bitcoin and other digital currencies. He also describes the approach to compliance generally taken by UK businesses. The UK, especially London, is considered a global centre for financial services and new technologies. You might assume, therefore, that the UK would be a great adoptive home for bitcoin and other digital currencies.....
Many people are skeptical about cryptocurrencies due to the sector’s volatility. But more people in emerging markets are embracing it as a way to make more returns in the long run. No one can argue that investing in cryptocurrencies is very risky, but there’s also no doubt that it offers long-term promises for high ROI. […]
The Wall Street Journal reports that Japan’s second-largest bank Sumitomo Mitsui Financial Group (SMFG) is eager to enter the fintech space. Japan has been playing catch-up with other nations who are quickly embracing the financial technology revolution. It was only recently that the Japanese government and regulators allowed the bitcoin exchanges to be registered. Until now, the government had been lackadaisical in foraying into the fintech space, which includes bitcoin and its technology blockchain. Speaking to WSJ, Koichi Miyata, President at the bank said that the group is keen to make....