Digital Finance Institute Launched to Spearhead Fintech Regulation
Earlier today, it was reported that a brand-new Digital Finance Institute launched with a mandate to work towards supporting international financial technology innovation with bonds regulation that addresses financial inclusion globally. The Institute has been put in place to serve as a sort of figurehead of global fintech support and regulation - something that has become a necessity as financial technology becomes more innovative and more and more ingrained into our daily lives. Christine Duhaime, co-founder of the Digital Finance Institute and a prominent financial regulatory and....
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The Chamber of Digital Commerce (CDC) celebrated its 1 year anniversary on July 19, 2015. Just in its first year, the Chamber has already played an enormous role in Bitcoin education and FinTech regulation. Its efforts to help shape the New York BitLicense framework are one of its greatest contributions this year. The Digital Chamber is truly on the forefront of the Bitcoin industry. the CDC is the first and only Washington, DC-based trade association representing the digital asset industry. We reached out to the Digital Chamber’s Founder and President, Perianne Boring to find out more on....
Lawmakers and regulators in the United States could be doing a much better job attracting innovative fintech startups to the country, Coin Center Executive Director Jerry Brito said at a recent cryptocurrency-focused event hosted by the Cato Institute. Although the United States started out as the leader in Bitcoin regulation, it is now falling behind other jurisdictions, such as the United Kingdom, where innovation in fintech and digital currency is being embraced with open arms. In 2013, the U.S. Senate held the first hearings on Bitcoin. In that same year, FinCEN released the first....
According to the findings of a study by Afriwise, Kenya, Nigeria, and South Africa have the most developed fintech ecosystems on the continent. The study points to early regulation as one of the reasons for the industry’s success in these countries.
Regulated Fintech Ecosystems Attract Investors
Explaining the key role that regulation has played in the growth of the fintech sector in these three countries, the study states:
The connection between regulations and a flourishing fintech sector is an important one. It is no coincidence that investors and businesses in....
Enthusiasts of financial innovation remain optimistic, though. Fintech is growing at an accelerated pace in some countries. Over the past few years, many people have wondered how Fintech will impact the economic ecosystem. Some people feel there will be a major shake-up, whereas most experts see things very differently. Similarly to blockchain technology, Fintech is subject to a lot of hype right now. Despite the lack of strict regulation, fintech startups are not expected to cause significant disruptions anytime soon. It is impossible to deny fintech startups are doing things very....
Innovate Finance is planning to open another facility for Blockchain tech and fintech related research. London is the financial capital of Europe, while The number of fintech companies in London is gradually increasing. Also, special thanks should go to the digital currency community and their constant research in the fintech sector that is contributing to London's fame as well. Innovate Finance is a collaborative initiative between the government and various financial technology companies. These companies include conventional finance and banking companies as well as bitcoin and other....