Circle Favors More Regulation For Bitcoin & Fintech
Regulation in the world of Bitcoin and cryptocurrency is often seen as a double-edged sword. But if Circle has a say in the matter, more regulation will be beneficial, and it is direly needed as well. The benefit of regulating Fintech and Bitcoin is how it would give both industries a more legitimate appeal. Far too often, media outlets and consumers see....
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Circle, the financial company favors federal regulations as it will open up new opportunities for the sector. What happens to be the whole ecosystem’s pain point can be the pleasure center for few. At least that’s the impression Bitcoin Industry has of Circle, the payments company which started off as just another Bitcoin product. Circle has recently called for broader regulations for the Bitcoin and digital currency sector. While there are speculations that Circle’s proposal is driven by the company’s recent attempts to partner with mainstream financial institutions with a great deal of....
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....
Signing such a memorandum of understanding is a big deal for Circle. Kookmin Bank is a member of the South Korean KP Financial Group, and serves over half of Korea’s population Circle is one of the Bitcoin companies on an aggressive international expansion right now. After obtaining their License in the UK not too long ago, the company now partnered with a Korean bank. Kookmin Bank is looking to partner up with British Fintech firms, particularly those focusing on blockchain technology development. The Fintech revolution is bringing banks and startups closer together than ever before.....
What is rather worrisome is the so-called Payment System Act. This legislative proposal is still awaiting government approval, NewsBTC understands. Regulation of Bitcoin has always been a topic of substantial debate. Some people see the benefit of being officially recognised, whereas others are not overly bothered by it. But if Bitcoin is to go mainstream, some regulation may be necessary for the long run. Bank of Thailand is working on a new set of fintech regulation that may affect Bitcoin as well. The central bank of Thailand has deemed the time right to introduce more fintech....
This new regulation is a first step towards supervising the fintech sector in Indonesia. Fintech is a trend that captivates audiences all over the world. A financial technology evolution is upon us, and it is only a matter of time until drastic changes occur. Indonesia is preparing for what the future may bring, by issuing a new regulation for fintech firms. To be more precise, the government focuses on P2P lending first and foremost. One of the many sectors fintech is “threatening” is the way people think about lending and borrowing money. In most cases, consumers and enterprises have to....