One of the high-profile deals in the financial market in January 2020 was the purchase of the Plaid fintech startup for $5.3 billion by the Visa payment system.
The Morrison Government has unveiled a national blockchain strategy and roadmap that potentially could make Australia one of the leaders in the fintech sector. The news was announced in a joint media release from two Australian ministries on March 18, Cointelegraph reports.
While today’s global economic ecosystem is plagued by instability, market volatility and inflation, various financial institutions are coming up a with a solution generally known as stablecoins. Stablecoins are cryptocurrencies designed to minimize the volatility of the price, relative to some “stable” asset or basket of assets. A stablecoin can be pegged to a currency, […]
The Swiss Financial Market Supervisory Authority (FINMA) has announced on Monday, December 3, that local blockchain and cryptocurrency startups can now apply for a new fintech license that would allow them to handle deposits of up to 100 million CHF ($100 million), just like traditional banks. According to the official announcement, starting from January 1, […]
The U.S. Securities and Exchange Commission (SEC) has launched Strategic Hub for Innovation and Financial Technology (FinHub), a new division with the goal of making it simpler for fintech and blockchain startups to navigate the legal implications of their products.
Deutsche Börse, the operator of the Frankfurt Stock Exchange, has formed a new unit to further advance its work into the transformational potential of blockchain technology. Deutsche Börse, a marketplace organizer for the trading of shares and other securities, has been exploring potential applications of blockchain and implications of cryptocurrencies. In 2016, the Frankfurt Stock […]
The ZODIAQ project, which is creating a universal financial blockchain corporation, received a banking license of category B from the Comoros Offshore Finance Authority for offshore operations.
Russian payments service provider QIWI has purchased fintech accelerator InspiRUSSIA which mostly focuses on developing blockchain-based solutions. As reported by TASS, the amount of the deal remains undisclosed.
According to recent researches by Facebook and MasterCard, majority of young people don’t trust traditional banks, favoring new fintech services instead.
Delovaya Sreda (“Business Environment”), a subsidiary of Sberbank of Russia, has launched Cornerstone, a free service for execution of protected transactions using blockchain technology.
The Bank of Russia partnered with ten biggest national banks to create ‘Fintech’, a consortium to implement financial innovations and trial blockchain technology.
Russia’s biggest banks have run a series of test transactions using an Ethereum-based blockchain prototype developed by Cinimex.