Tag "regulation"
Swiss Central Bank Payment Vision Outlining Focus on DLT, Tokenization and Instant Payments
The Swiss National Bank (SNB) has shared how it intends to “future-proof” the domestic payment ecosystem, outlining its ambition to leverage technologies and processes including tokenization and distributed ledger technology (DLT) to establish an “efficient, reliable and secure ecosystem” that’s
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Finfluencers Come Under Regulatory Scrutiny
Financial influencers, also referred to as finfluencers, are a booming phenomenon on social media platforms and a growing concern for financial regulators. Around the world, governments are mulling on ways to create a regulatory framework for online personalities promoting risky,
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ECB Survey: Nearly All EU Banks Have Digital Transformation Strategy in Place
Advancements in technology, rising demand for digital solutions and increased competition have prompted European banking incumbents to undertake digital transformation journeys. To understand the status of banks’ digitalization efforts, the European Central Bank (ECB) launched in 2022 two major initiatives
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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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