SEC's fintech wing leaves the nest, becoming stand-alone office
FinHub will have new independence and responsibilities, reporting directly to the SEC's chairman. Per a Dec. 3 announcement, the Securities and Exchange Commission's fintech team will become an independent office.Initially launched in 2018 under the guidance of Bill Hinman, the SEC's Strategic Hub for Innovation and Financial Technology, or FinHub, has been a leading force in securities regulation as it applies to new technologies since its inception.Given that the same timeframe has seen a major ramping up of the SEC's pursuit of initial coin offerings it deemed to have been unregistered....
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According to a report by Finextra, DBS Bank has launched the much anticipated three-month startup accelerator program which will witness participation from the world's most innovative fintech startups vying up for further investment from the bank. The program named 'The Vault' will take place in a 5000 square foot workspace in Hong Kong with an aim to spring up Hong Kong as the world's leading fintech hub. Singapore's leading bank first announced its intentions of starting a startup accelerator in April with support from local innovation incubator Nest. The three-month program will end in....
Financial technology, Bitcoin, and blockchain startups may soon face regulatory oversight from the Office of the Comptroller of the Currency (OCC). The organization is creating an office focused on the emerging fintech economy and implementing “responsible innovation.” U.S. Office of the Comptroller of the Currency Creates Fintech Innovation Working....
The CEO of TransferWise, a money transfer company that is among the most successful FinTech startups in Europe, has said at a conference in London that it will be removing its European headquarters from the English capital to maintain access to the single market after Britain leaves the European Union (EU) in two years. Speaking at the International Fintech Conference in London, Taavet Hinrikus, who co-founded TransferWise with Kristo Kaarmann, in 2011, said that due to Brexit if they were to restart they would not pick Britain as its location choice. A report from Reuters states that....
A U.S. author and academic has written a book on how bitcoin supports the spread of extreme right-wing political views in a deceptive manner, claiming distributed ledger technology’s resistance to centralized control is an extreme right-wing concept. David Golumbia, an assistant professor in the Virginia Commonwealth University’s English department, denounced bitcoin in a blog post titled, “Trump, Clinton and the Electoral Politics of Bitcoin.” Golumbia also recently published a book, “The Politics of Bitcoin: Software as Right-Wing Extremism.” An Insidious Force. Golumbia claims bitcoin....
David Golumbia, an assistant professor in the Department of English at Virginia Commonwealth University, an aspiring political pundit, and the author of the recently published book, The Politics of Bitcoin: Software as Right-Wing Extremism, denounces Bitcoin in a recent blog post titled Trump, Clinton, and the Electoral Politics of Bitcoin. “[What] concerns me about Bitcoin is how it contributes to the spread of deeply right-wing ideas in economics and political philosophy without those right-wing associations being made at all explicit,” says Golumbia, adding that the freedom and....