Bitcoin Fintech Accelerator to Open in Cayman Islands
The Cayman Islands, a British Overseas Territory in the western Caribbean Sea and a major world offshore financial center, are betting on new financial technologies based on the Bitcoin blockchain, Cayman Compass reports. A new company, Latitude, which provides seed capital and mentorship programs to tech ventures could potentially bring dozens of cutting-edge startup companies to Cayman Islands. Latitude aims to begin its program in Cayman Enterprise City in January, subject to the necessary approvals. Latitude founder Arthur Corry says: "Our purpose as an accelerator is to structure....
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The Cayman Islands is building a regulatory framework for "virtual asset service providers" with some measures already enacted.
Yet, the biggest crypto hub remains on the blacklist. The EU decided to remove Cayman Islands from its blacklist of tax heavens on Tuesday.The Cayman Islands is a popular jurisdiction for crypto businesses. It was added to the EU's blacklist in February of this year, so it has spent fewer than six months on the list. In 2019, the six exchanges domiciled there were responsible for over $1.5 billion in international Bitcoin (BTC) transactions.Though these numbers pale in comparison to the global leader — the Seychelles, whose 12 exchanges were responsible for $36 billion, the Seychelles....
Blockchain.com is working to seek registrations in countries like Italy, France, Spain, The Netherlands and cities like Dubai. Blockchain.com, one of the oldest Bitcoin (BTC) infrastructure firms, is strengthening regulation and compliance efforts by securing registration in the Cayman Islands.The blockchain wallet and cryptocurrency exchange platform Blockchain.com is expanding operations in the Cayman Islands after receiving registration from the Cayman Islands Monetary Authority (CIMA).Issued on July 6, the registration officially authorizes Blockchain.com to provide custodial services,....
A leading Indian bank, Yes Bank has announced the launch of its new Yes Fintech accelerator for startups working on blockchain and financial technology space. Yes Bank, a progressive Indian bank has partnered with leading names in the country’s startup ecosystem to launch a fintech and business accelerator. The accelerator program, Yes Fintech is powered by T-Hub startup engine, Anthill Ventures, and LetsTalkPayments. The 15-week program is distributed among two facilities, one in Mumbai and another in Hyderabad. Designed for banking and fintech startups, the key focus areas of the program....
In a speech prepared for the Lord Mayor’s Banquet for Bankers and Merchants of the City of London at the Mansion House, Mark Carney, governor of the Bank of England (BoE), revealed that the BoE is launching a fintech accelerator. “I am announcing tonight that the Bank is launching a fintech accelerator to work in partnership with fintech firms on challenges that we, as a central bank, uniquely face,” Carney says in his prepared remarks. “The accelerator will work with new technology firms to help us harness fintech innovations for central banking. In return, it will offer firms the chance....