Dodgy Dave Cameron Gets on Fintech Bandwagon. Bitcoin As Ultimate Offshore?
“Dodgy Dave” as he was referred to by Dennis Skinner in the parliament recently has been in the eye of the limelight for his father’s Panama-based UK tax avoidance fund. Details of this fund were revealed in the Panama Papers leak and David Cameron has since then accepted that he benefitted from the sale of these funds before he entered office. According to the Guardian newspaper, Cameron and his wife Samantha held shares in this offshore fund during his time as the opposition leader. He sold the funds for a profit of £19,000 and income tax was paid but no capital gains tax was payable.....
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Though the United Kingdom plays a definitive role in the growth of FinTech industry, which is now worth £20 billion in annual revenues to the UK, employs 135,000 people, and attracted 42% of all European FinTech investment in 2014, Prime Minister David Cameron is not satisfied. Thus, Cameron, has welcomed FinTech 2020, which aims to make the UK the premier location for at least 25 global FinTech leaders, whether by IPO, global market share or by valuation. Talking about FinTech 2020, Cameron said:
Dave is the latest in a series of fintech payments apps to offer crypto services, following PayPal, Venmo, and Cash App. On March 21, mobile banking application Dave announced a partnership with FTX US to provide cryptocurrency payments on the platform. It also announced a $100 million investment from FTX Ventures.In the statement, Dave said the investment would aid its strategy for future crypto-related initiatives, with FTX US serving as its partner for cryptocurrencies. Both companies said they’re currently exploring ways to introduce crypto payments into Dave’s platform.FTX US....
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....
Last week, wallet provider Blockchain represented the bitcoin industry in an official government trade mission. CEO Peter Smith was one of 31 executives to take part in a trade delegation, led by Prime Minister David Cameron, to promote the UK's FinTech businesses in Southeast Asia. The FinTech sector, which now employs 135,000 people in the UK and creates $20bn in annual revenue, is a key part of the Conservative Party's plan to stimulate trade and investment. While the nation received 42% of Europe's FinTech investment last year, trade body Innovate Finance wants to capture an even....
Personal finance expert Dave Ramsey has given some advice on what to do with bitcoin investments. While acknowledging that the cryptocurrency has had a “fabulous” run, Ramsey still prefers putting his money in more “proven” investments. Dave Ramsey Still Not a Fan of Bitcoin Famous radio show host and best-selling author Dave Ramsey gave some advice about bitcoin on The Dave Ramsey Show last week. The self-proclaimed personal money management expert, Ramsey calls himself “America’s trusted voice on money.” He is the author of seven best-selling....