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364

Crypto Exchange Binance Enhances Global KYC/AML Measures With Tools From IdentityMind

via Forbes 

Binance, the world’s largest cryptocurrency exchange by adjusted trading volume, is implementing stronger know-your-customer (KYC) and anti-money laundering (AML) regulations to ensure data security and compliance across their global operations.

Following the launch of Bitcoin Lite in Australia, Binance announced today a new partnership with Medici Ventures portfolio firm, IdentityMind. This collaboration is part of a joint mission to help raise the blockchain industry’s standards by improving existing data protection and compliance measures. (more…)

Blockchain, Cryptocurrencies, Financial Markets / Trading

March 26, 2019

482

Banking Startup Launching Visa Card That Lets You Spend 7 Cryptos

via CoinDesk

Banking startup 2gether is launching a prepaid Visa debit card that allows users to spend cryptocurrencies.

In an announcement, 2gether said customers will be able to use the card to pay with either euros or any of the following seven cryptocurrencies: bitcoin (BTC), ether (ETH), XRP, bitcoin cash (BCH), EOS, Stellar (XLM) and litecoin (LTC). The card “instantly” converts the cryptos to fiat currency and, it said, and can be used fee-free by customers in any of the 19 eurozone nations. (more…)

Cryptocurrencies, Fintech news, Payment processors/providers/gateways

March 18, 2019

453

Puerto Rico Financial Commissioner George Joyner: “There’s a space for virtual assets that won’t go away”

via Crowdfund Insider

George Joyner has Puerto Rico in his blood. The Commissioner of the Office of Financial Institutions is a veteran player who has spent his whole career in the fast-growing banking and, latterly, FinTech industry in the US territory of Puerto Rico, with the exception of two years in Florida. Born on the mainland, he was brought to San Juan as a six-month-old baby. Bilingual in Spanish and English, Joyner is an American and a passionate Puerto Rican.

Puerto Rico’s tax-favored status has proved attractive to both mainstream finance and players from cryptoland. Joyner understands and shares the local passion for growth, but as the gatekeeper of Puerto Rican standards, he will only allow growth to occur in the fashion he considers prudent.

Crowdfund Insider caught up with him at the recent financial summit organised by one of Puerto Rico’s newest financial institutions, Kinetic International. (more…)

Blockchain, Cryptocurrencies, Global trends, Government activities, People of fintech

March 18, 2019

317

Koi Trading OTC Crypto Exchange Partners with IdentityMind for Compliance and AML/KYC Services

Koi Trading, an innovative OTC trading desk that provides private, efficient, and compliant cryptocurrency liquidity to counterparties around the world, today announced a partnership with IdentityMind, Digital Identities You Can Trust, to provide Anti-Money Laundering (AML) compliance-as-a-service to money services businesses globally under the brand Koi Compliance.

Koi Compliance offers the first plug-and-play AML compliance solution that supports digital currency. Koi Compliance will pair their legal expertise and compliance analysts with IdentityMind’s platform that already supports over 35 digital currency exchanges worldwide. This enables companies to focus on running their business, while Koi Compliance leverages industry best practices to perform the legally required Know Your Customer (KYC), transaction monitoring, sanctions screening, recordkeeping, and regulatory reporting through IdentityMind. (more…)

Blockchain, Cryptocurrencies, news

March 12, 2019

596

eToro Wallet Mobile App Now Allowing Users to Buy Crypto With Fiat

via Crowdfund Insider

Global investment platform, eToro, announced on Monday that its eToro Wallet mobile app is now allowing users to buy cryptocurrency with fiat. According to eToro, all cryptoassets available in the eToro Wallet (currently Bitcoin, Ethereum, Bitcoin Cash, Litecoin, and XRP) may now be purchased directly in the wallet app using a credit or debit card (Visa, including Visa Electron and Visa Plus, MasterCard, Maestro, and Cirrus). At present purchases can be made in euros or pounds sterling. (more…)

Cryptocurrencies, Financial Markets / Trading, Fintech news

March 12, 2019

278

From Book to Bank: How a Fintech Firm Found Its Calling

via Knowledge@Wharton

In the rapidly evolving world of fintechs, cutting-edge intermediaries that seek to disrupt traditional banking or cater to underserved niches, success depends on rigorous customer screening and proactive regulatory compliance, according to Vladislav (Slava) Solodkiy, cofounder and CEO of Puerto Rico-based Arival Bank. Solodkiy is also managing partner at Life.SREDA, a Singapore-based venture capital firm that over the past six years has invested in more than 20 fintech startups and successfully exited from nine. He has documented his journey from a fintech investor to a founder of a digital bank in his book, The First Fintech Bank’s Arival – From Book to Bank in 12 Months.

Arival claims to be the first digital fintech bank to be focused on small businesses, the so-called “gig economy” of entrepreneurs, freelancers and startups, and small and medium-sized business enterprises that use crypto currencies to receive and pay money. While it may be difficult to identify the ‘bad guys’ among those customers — who could be money launderers or others with dubious backgrounds — prompt reporting of problem cases to regulators and remedial action to prevent future occurrences could save fintechs from hefty fines, according to Solodkiy and Arival’s chief operating officer, Jeremy Berger. Arival is now in the process of securing a federal banking license in the U.S. and exploring similar licenses in Europe and Asia. Solodkiy and Berger shared insights into their strategies for Arival Bank and the road ahead for fintechs in an interview with Knowledge@Wharton. (more…)

About, Banks, Cryptocurrencies, Hotnews, Open Source/ API, People of fintech

December 20, 2018

1408

Highlights of the AGATE iFiat Ecosystem

Sponsored post,

Agate, a newly launched decentralized blockchain, offers comprehensive crypto infrastructure for everyday banking and merchant transactions. With one of the highest transaction speeds and a near-instant settlement time, at substantially low-cost transaction fees, Agate is the future of payments arena. Fueled by its independent AGT token, which is utilized for several use-cases within the Blockchain ecosystem, Agate introduces its iFiat ecosystem that offers stability in converting crypto-assets to Fiat currency. This enables a merchant to easily adopt Agate’s crypto-payments platform without risking volatility of such digital assets. (more…)

Blockchain, Cryptocurrencies

July 16, 2018

Crypto Tax Summary

By DAVID SIEGEL is CEO of the Pillar Project, a nonprofit Swiss foundation building the world’s first smart wallet for crypto-assets for his Medium Blog

As part of The Token Handbook, I have just released The Tax Chapter— 8,000 words on tax treatment for crypto-assets. I have also included a short essay on how I think tax should work and how it ties in with a universal basic income. When I speak to audiences, few people know any of this stuff. This does not constitute professional advice, which you should seek separately. Here are some of the key takeaways:

(more…)

Blockchain, Cryptocurrencies

July 13, 2018

The Four Major Things Missing in The Blockchain Industry

Infrastructure suggestions on everything from UX to Interoperability to Digital Reserves to Stablecoins

By Wesley Graham and Robert Greenfield for their Medium Blog

(more…)

Blockchain, Cryptocurrencies, Global trends

July 13, 2018

Time of Security Tokens

By Julian Zegelman for his Medium blog

As blockchains improve in their scalability, usability, and security, so too do the tokens that traverse these digital pathways. As governments and primarily the SEC enter the space, 2018 will be remembered for an entirely new eco-system of evolutionized platforms, decentralized exchanges, and hybrid funds, all looking to capitalize on the trillion-dollar opportunity that is tokenized securities. According to FINMA, the Swiss financial regulatory body, tokens have three functions: payment tokens, utility tokens, or security tokens. Like their name implies, payment tokens are used as a means of currency or payment while utility tokens are intended to provide digital access to an application or service. (more…)

Columns, Cryptocurrencies

July 12, 2018

TokenPay Partners With Litecoin Foundation to Acquire Stake in Germany’s WEG Bank

TokenPay, a blockchain project that incorporates Bitcoin cryptographic technology with advanced security and privacy features, announced this week it partnered with the Litecoin Foundation to purchase a 9.9% stake in WEG Bank, which is based in Germany. According to TokenPay, the 9.9% stake was transacted in exchanged for a “broad and comprehensive marketing and technology service agreement that will benefit TokenPay and its related cryptocurrency and business operations. (more…)

Banks, Cryptocurrencies

July 12, 2018

534

R3 Consortium Releases New ‘Version’ of Its Corda Platform for Businesses

Blockchain technology company R3 announced July 10 that it had released a “version” of its Corda blockchain platform aimed specifically at businesses. (more…)

Blockchain, Cryptocurrencies

July 11, 2018

3358

Analyzing the Ethereum — Security Decision by the SEC

The purpose of this article will not be to give the news that the SEC revealed that they would not deem Ethereum to be a security. (more…)

Cryptocurrencies, Financial Markets / Trading, Hotnews

July 10, 2018

Top 10 “Stay Away” ICO Directions in 2018

Fraud among Cryptocurrencies

Undoubtedly, there are cryptocurrencies capable of succeeding and achieving goals. At the same time, there are many more ordinary frauds in the field of cryptocurrency, and they are doomed to failure. Every investor should know this, since the production of cryptocurrencies does not have a controllable unit — no one regulates emissions. This means that this financial instrument does not have a regulator that controls the amount of the issued currency. Besides, the cryptocurrency isn’t bound to any material values, such as gold, for instance. (more…)

Blockchain, Cryptocurrencies

July 10, 2018

564

Czech Firm Reveals $100 Mln Venture Fund for Israeli Startups With ‘Emphasis’ on Blockchain

By William Suberg for CoinTelegraph

Investment banking firm Benson Oak revealed it would pump “around $100 mln” into Israel-based startups with an “emphasis” on blockchain, local Israeli news outlet the Jerusalem Post reported today, July 9. (more…)

Blockchain, Cryptocurrencies

July 9, 2018

651

How to Raise Money via IDOs: Initial DICE Offerings

Sponsored post

Over the past couple of years, as cryptocurrencies gained momentum, they rapidly gained the public eye. Although a promising run-up, cryptocurrencies are almost never perceived beyond volatile assets. While blockchain is a revolutionary technology, cryptocurrencies and in particular the ICO funding method suffer from multiple inefficiencies, like exorbitant fundraising costs. Similar is the case with traditional fundraising platforms such as IPO or debt instruments. (more…)

Blockchain, Cryptocurrencies, Fintech news, Global trends

July 9, 2018

Tokenised funds to reshape PE/VC fundraising

Initial coin offers (ICOs) and the emergence of tokenised funds — represented by the issue of equity tokens — are set to reshape the dynamics of how private equity (PE) and venture capital (VC) fund managers raise capital, bringing greater transparency and democratisation to the fund management space. (more…)

Blockchain, Cryptocurrencies, Fintech news, Global trends

July 6, 2018

Crypto Visa card company Monaco just spent millions to buy Crypto.com

mco

By Jon Russel for TechCrunch

Highly-prized domain name Crypto.com has been sold!

(more…)

Blockchain, Cryptocurrencies

July 6, 2018

Cryptocurrency Regulation Update (July 2018)

By Phil Glazer for his blog,

This piece is part of a monthly series covering regulatory updates related to cryptocurrencies (here are the updates from AprilMay, and June). Although prices have continued to fall over the past month, recent statements from regulators have been positive, particularly comments from the SEC clarifying that Ethereum is not a security. This piece provides important regulatory updates since the June piece, broken down by developments in the United States and the rest of the world.

(more…)

Cryptocurrencies, Fintech news, Global trends

July 2, 2018

Why the Structure of Andreessen Horowitz’s New $300 Million Crypto Fund Matters

Chris Dixon, general partner at Andreessen Horowitz, has led the venture capital firm's crypto investments to date. Dixon is spearheading the firm's new $300 million fund, called a16z crypto, alongside a new general partner, Kathryn Haun (not pictured).
Chris Dixon, general partner at Andreessen Horowitz, has led the venture capital firm’s crypto investments to date. Dixon is spearheading the firm’s new $300 million fund, called a16z crypto, alongside a new general partner, Kathryn Haun (not pictured).

It seems like forever ago when I wrote about traditional venture capitalists and their role in the brave new world of cryptocurrency. It’s only been eight months, but a lot has changed.

(more…)

Blockchain, Cryptocurrencies, Fintech news, Global trends

July 2, 2018

Neufund CEO Zoe Adamovicz Provides Additional Insight into Blockchain based Equity Token Offering Platform

Last week, Neufund, a blockchain based platform for the issuance of security tokens, announced the very first  companies were preparing to tokenize their equity using their service. These “equity token offerings” or “ETOs”, as referenced by Neufund, were said to be compliant within German securities law – an important qualification. (more…)

Banks, Cryptocurrencies

June 27, 2018

a16z crypto

By Fred Wilson for his blog

I guess this is the week I am going to compliment our competitors in the VC business. (more…)

Cryptocurrencies

June 27, 2018

730

Cryptocurrency Regulation Update (June 2018)

By Phil Glazier – Crypto Research @BitwiseInvest | prev at MGV, KKR, Berkeley

This piece is part of a monthly series covering regulatory updates related to cryptocurrencies (here are the updates from MarchApril, and May). Although prices have come down in recent months, recent statements from regulators reflect a deeper acknowledgement of the technology underlying cryptocurrencies and their future potential (in particular, comments from the IMF). This piece provides important regulatory updates since the May piece, broken down by developments in the United States and the rest of the world.

(more…)

Cryptocurrencies

June 21, 2018

811

Crypto Fund AG Receives Swiss FINMA Approval

Crypto Finance has received regulatory approval from Swiss regulators. The Swiss Financial Market Supervisory Authority (FINMA) has reportedly given its seal of approval for the Crypto Fund AG – the first in Switzerland. (more…)

Banks, Cryptocurrencies

June 19, 2018

Blockchain Technology Seeing New Paradigm With Dramatic Shift to ICOs

By Venture Scanner

With all the ICO buzz in the Blockchain sector, we dove into our Blockchain Technology report and research platform to examine how significant this new financing model has been. It comes as no surprise that we can conclude that the Blockchain Technology sector is experiencing a new financing paradigm.

(more…)

Blockchain, Cryptocurrencies

June 1, 2018

12 Top Crypto Influencers Share Thoughts on the Future

By Matt Ward Angel Investor,

The internet is filled with spammy top 10 lists. Unfortunately clickbait seems to be all anyone is interested in publishing.

(more…)

Cryptocurrencies, Fintech news, Global trends

May 31, 2018

Why Blockchain is Hard

By Jimmy Song, Bitcoin Educator

The hype around blockchain is massive. To hear the blockchain hype train tell it, blockchain will now:

  1. Solve income inequality
  2. Make all data secure forever
  3. Make everything much more efficient and trustless
  4. Save dying babies

(more…)

Blockchain, Cryptocurrencies

May 28, 2018

771

Why crypto must comply or die

Inadequate oversight can create industry crises — an effect we are starting to see in crypto. Over the last year, tokens have been at the centre of multiple global hacks and large-scale fraud – such as the theftof $400 million in Coincheck tokens, the Parity coding error that froze over 513,776 ETH, the PlexCoin ICO which saw the SEC freeze $15m worth of assets and jail the founder, and the Pincoin scam that left investors short by $660 million with the founders still at large. (more…)

Blockchain, Cryptocurrencies, Fintech news, Global trends

May 18, 2018

Sberbank and MTS issue first Russian bonds on a blockchain

Sberbank and telco MTS have implemented the first Russian issue of commercial bonds via smart contracts utilising a blockchain platform developed by National Settlement Depository. (more…)

Banks, Cryptocurrencies, Fintech news, Global trends

May 16, 2018

656

Circle raises $110 million (or 13,300 BTC)

By Romain Dillet for TechCrunch;

Cryptocurrency startup Circle has raised a $110 million funding round, which values the company near $3 billion. Cryptocurrency mining company Bitmain is leading the round. (more…)

Blockchain, Cryptocurrencies, Hotnews

May 16, 2018