Tag "regulation"

EU “Tokenise Europe 2025” Initiative Aims to Boosts Asset Tokenization

A new initiative called Tokenise Europe 2025 is being spearheaded by the European Commission (EC) and the German Banking Association to tap into the potential of asset tokenization and distributed ledger technology (DLT) to strengthen the bloc’s competitiveness and build

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Governments, International Bodies Ramp up Crypto Tax Regulations

Over the past year, governments and regulatory bodies from around the world have increased their focus on the taxation of the cryptocurrency industry, a trend that comes on the back of increasing investment, adoption and innovation in the space despite

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Europe’s Forthcoming AI Act Will Have a Wide Reach and Broad Implications

Like the European Union (EU)’s General Data Protection Regulation (GDPR) that entered into force in 2016, the upcoming Artificial Intelligence (AI) Act will have extraterritorial scope and global impact. Considering the AI Act’s broad scope and the financial risks relating

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Spain’s Digital Nomad Visa Aims to Attract Remote Workers, Tech Entrepreneurs

Last year, the Spanish government approved a draft law aimed at encouraging the development of a thriving startup ecosystem. Better known as the Startups Law, the legislation seeks to make Spain one of the most attractive destinations for investment, talent,

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Foreign Fintech Companies Flock to Peru

Peru’s fintech industry is expected to get a boost this year, driven by favorable regulatory developments and rising demand for more accessible and inclusive financial services. Javier Salinas, director of Emprende UP, the center for entrepreneurship and innovation of the

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Open Finance, Green Fintech Among Swiss Federal Council’s Top Areas of Focus for Coming Years

Switzerland’s Federal Council has set out 12 key fintech trends and technologies it will be putting a focus on for the coming years as part of the government’s ambition to establish the country as a top business location for digital

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Peru Fintech Industry Grew 16% This Year; COVID-19 Accelerates Digital Adoption

Peru’s fintech industry has been growing consistently these past years, surging to 171 fintech companies operating locally, as of September 2021. The figure represents a 16% from 2020, and an annual average growth rate of 20% over the last seven

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A Look Into Switzerland’s Distributed Ledger Technology Act

This year, the Distributed Ledger Technology (DLT) bill entered into full force in Switzerland, opening up new opportunities and business models by providing legal clarity in areas including ledger-based securities and digital securities exchanges. The new legal framework entered into

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Europe Paved the Way for Open Banking but Held Back by Adoption Discrepancies

Europe is often considered a pioneer in the widespread introduction of open banking, but despite groundbreaking regulations like PSD2, significant differences and discrepancies exist between countries of the continent, a new research by German open banking platform Ndgit found. In

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EU’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

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