FinTech Manifesto: Government Should Make UK Bitcoin-Friendly
More than 150 startups and venture capitalists have backed a new manifesto outlining a number of recommendations for the UK's FinTech industry that include bitcoin-friendly legislation. The 'Startup Manifesto', as it is called, was published by the Coalition for a Digital Economy (Coadec) this week, and was authored by Guy Levin, the coalition's executive director. Notable investment firms backing the proposal include Index Ventures, King and Seedcamp. Coadec is sponsored by Google, Intuit, TechHub and iHorizon. FinTech recommendations. The document urges the British government to enact a....
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UK Prime Minister David Cameron has given his nod to an ambitious manifesto presented by the industry think tank Innovative Finance, focused at making UK the world leader in the fintech sector by 2020. The manifesto sets ambitious goals of attracting $8bn of investment and for UK to become the global home of 25 top financial technology companies based on IPO, global market share or valuation, and help in creation of 100,000 jobs by 2020. Currently, the UK fintech sector generates £20bn of GDP and employs 135,000 people and investment in UK FinTech more than doubled last year to $623m,....
A new Fintech manifesto ‘UK FinTech 2020’ has been released as UK Prime Minister David Cameron voiced his support, leading a trade delegation of British FinTech leaders, including bitcoin wallet provider Blockchain, to South East Asia. The manifesto, released by the independent membership association for the global FinTech (financial technology services) sector, Innovate Finance, has some ambitious goals including securing London’s position as the world’s FinTech capital and creating 100,000 jobs. UK Prime Minister David Cameron has expressed his support for the initiative: “This....
In August Bitcoin Magazine reported that the"Innovate Finance Manifesto: 2020," released by Innovate Finance, an organization focused on promoting U. K. leadership in digital fintech, was praised by British Prime Minister David Cameron. "This government wants the U. K. to be the leading fintech center in the world. That's why, at the Summer Budget, we appointed a special envoy for this fast growing sector," said Cameron. "I'm pleased that Innovate Finance's manifesto has set such ambitious goals, including the creation of 100,000 jobs. This will ensure we are a world leader in the....
While it is crystal clear to a lot of people how something will have to change in the financial sector as we know it today, government officials are not always on the same page in this regard. The concepts of Bitcoin and FinTech seem to be confusing a large amount of politicians around the world, as their natural reaction is to overregulate these industries and preserve the financial ecosystem as we know it. But that situation is about to change, as FinTech Australia put together a manifesto for the federal government to expand the current ecosystem and allowing FinTech startups to breathe....
The Japanese government is reportedly plotting a pro-innovation sandbox that will encourage FinTech startups to enter the banking industry through regulator-free trials. According to a report by prominent Japanese publication Nikkei, the government looking to update its often-criticized FinTech regulations to make it easier for new innovative services to take shape in the country. According to the report, a pro-innovation government panel discussed a suggested proposal for a regulatory sandbox on Friday. The new framework will encourage corporations and startups alike to trial new services....