Banque de France Completes Digital Currency Pilot With SEBA Bank and Partners
Banque de France successfully conducted a Central Bank Digital Currency (CBDC) experiment with SEBA Bank, as part of the experimental programme launched in March 2020. The experiment consisted in using the CBDC to simulate the settlement of listed securities and
Read MoreMiami Sees Booming Fintech Ecosystem Amid Favorable Political Environment and Latam Opportunity
As Miami rapidly becomes a central destination for technology development and a symbol for the tech exodus from Silicon Valley, fintech companies are flocking in the city, looking to leverage its Latin American (Latam) ties and crypto-friendly political environment. This
Read MoreSwiss Bitcoin Investment App Relai Bags CHF 2.5 Million in Series A Led by Redalpine
Swiss bitcoin investment app Relai announced that it has raised CHF 2.5 million in a Series A round led by Swiss VC Redalpine less than one year after going to market. Relai received additional backing from Polytech Ventures, Bitcoin-focused Fulgur
Read MoreSwiss Federal Council Brings DLT Act Into Force and Issues Ordinance
The Swiss Federal Council has introduced the Federal Act on the Adaptation of Federal Law to Developments in Distributed Electronic Register Technology which will come into full force on the 1st August 2021. The associated blanket ordinance will also enter
Read MoreBBVA Switzerland Rolls Out Crypto Asset Trading for Its Private Banking Clients
BBVA Switzerland makes its first crypto asset trading and custody service available to all its private banking clients after six months of testing with a selected group of users. The new service is available only in Switzerland and has started
Read MoreMcLaren Inks Deal With Tezos as Official Blockchain Partner, Creates NFT Fan Platform
McLaren Racing has selected Tezos, a Luxembourg-based open-source blockchain protocol for assets and applications, to become the team’s official blockchain partner in a new multi-year technical partnership across Formula 1, INDYCAR and esports. McLaren will use the energy efficient and
Read MoreEU’s Shareholder Rights Directive II, a Catalyst for Change in the Securities Industry
September 10, 2020 marked the deadline for member states of the European Economic Area (EEA) to implement new measures required by the Shareholder Rights Directive II (SRD II). SRD II, which came into force on June 09, 2017, amends the
Read MoreFreight Payments Platform PayCargo Secures US$125 Million From Insight Partners
PayCargo, a freight payment platform in the U.S., has announced a US$125 million Series B investment by global venture capital and private equity firm Insight Partners. The Series B Round comes just nine months after Insight Partners’ previous investment of
Read MoreJPMorgan Chase to Acquire Robo-Advisor Nutmeg Ahead of U.K. Digibank Launch
JPMorgan Chase announced it has entered into an agreement to acquire U.K.’s digital wealth manager Nutmeg Saving and Investment Limited, subject to regulatory approval. The acquisition will complement the digital bank that is planned for launch in the U.K. later
Read MoreBearingPoint Inks Deal to Acquire Ireland’s Vizor to Combine Their Regtech Portfolio
BearingPoint RegTech, a European provider of innovative regulatory, risk, and supervisory technology solutions, has acquired Vizor Software, a Dublin-based regulatory and supervisory technology provider for an undisclosed sum. The current management team at Vizor will remain and work in close
Read More