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Korean Central Bank To Deploy R3’s Blockchain Proof Of Concept

By CryptoCoin News

The Bank of Korea plans to execute the R3 consortium proof-of-concept blockchain technology project. Kim Jung-hyuk, head of the e-finance planning team for the bank’s financial supervisory service, announced the project at the Digital Money 2017 conference, according to EconoTimes. (more…)

Blockchain, Fintech news, Government activities, Korea

February 24, 2017

FinTech Investment in Australia Increased in 2016; Slumps Around the World

By CryptoCoins News

Analysis has found that investment in Australia’s FinTech startups rose last year compared to the rest of the world.

 

(more…)

Analytics, Fintech news, Government activities, Marketing Report

February 24, 2017

British, Canadian regulators agree to assist fintechs

By Reuters

British and Canadian regulators have signed an agreement to make it easier for financial technology companies to expand in each other’s markets, they said on Wednesday. (more…)

Fintech news, Government activities

February 23, 2017

India wants to make credit and debit cards obsolete for payments

By Mashable

Ever since India invalidated much of its cash, it has been encouraging its citizens to switch to mobile wallets and other epayment solutions. Today, it took another step in pushing its citizens to embark on the cashless payment solutions — but early boomers aren’t going to like it.  (more…)

Cashless, eWallets, Government activities, Mobile payments/banking

February 23, 2017

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EU To End Geoblocking For Digital Currency Users, Blockchain, Bitcoin Wallets Affected

By William Suberg for The CoinTelegraph

The European Union is seeking to end geoblocking of citizens in member states who use digital currencies.

A draft outline by the European Union Committee on Internal Market and Consumer Protection “aims to lift any unjustified barriers in e-commerce and to be a decisive step towards the completion of the Digital Single Market.” (more…)

Cryptocurrencies, Government activities, news

February 22, 2017

Tread Carefully, JD Finance

By  for Bloomberg

A week after lauding JD.com Inc.’s finance affiliate for moving into new and growing businesses (auto insurance), I should probably pause to add a caveat: tread carefully. (more…)

About, China, Credit scoring, Crowdfunding/investing, Fintech news, Government activities, p2p/online lending

February 21, 2017

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World Government Not Ready For Blockchain: Deloitte Report

By William Suberg for The CoinTelegraph

The latest report by accounts giant Deloitte suggests world governments are underprepared for disruptive technologies including Blockchain. (more…)

Blockchain, Fintech news, Government activities, Marketing Report

February 19, 2017

Online lenders like UangTeman to face new regulations in Indonesia

By TechInAsia

Indonesia’s financial services authority (OJK) is working on new rules for online money lenders, The Jakarta Globe reported earlier this week. The expected release date is between April and June this year. (more…)

Fintech news, Government activities, Indonesia, p2p/online lending

February 18, 2017

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Bitcoin Transaction Volumes Up 55% in 2017

By TheCoinTelegraph

Bitcoin’s transaction volume in 2017 exploded to $260 mln per day – or $180,000 per minute, according to the latest statistics. (more…)

Analytics, Cryptocurrencies, Fintech news, Government activities

February 18, 2017

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A Banking Revolution For Small Business – UK’s Nesta Challenges Fin Tech To Step Up To The Plate

By Forbes

Small business banking in the United Kingdom is about to undergo a radical shake-up, driven in part by pressure from the competition regulator. (more…)

About, Banks, Fintech news, Government activities, SME

February 18, 2017

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FinTech in New Zealand Set to Boost Economic Growth

By CryptoCoinsNews

A tech leader and software company director has said that the setup of a national FinTech organization will push New Zealand’s economic growth. (more…)

About, Cryptocurrencies, Fintech news, Government activities

February 16, 2017

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Government has Implemented Initiatives to Promote Fintech Application

by 

Secretary for Financial Services & the Treasury Prof KC Chan says the Government has implemented initiatives to promote fintech application, investment and development in Hong Kong. (more…)

About, Fintech news, Government activities, Hong Kong

February 16, 2017

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Everything You Need to Know About Hong Kong’s FinTech Ecosystem: Startups, Regulators, Investors and Accelerator Programs

By LTP

Why Hong Kong?

Charles d’Haussy, the Head of FinTech at Invest Hong Kong (InvestHK), gave a perfect answer to our question, saying, Hong Kong has all the ingredients to be the global and regional FinTech hub. (more…)

About, Accelerators/Incubators/Labs, Fintech news, Government activities, Hong Kong

February 16, 2017

We Shouldn’t “Kill” Bitcoin But Regulate: Former Bank of China Governor to CCTV

By Joseph Young for CoinTelegraph

During an interview with China Central Television (CCTV), a predominant state television broadcaster, L H Li, the former governor of Bank of China, one of the largest banks owned by the Chinese government, and member of the People’s Congress, stated that the Chinese central bank should try to regulate Bitcoin companies and users rather than attempting to stop the adoption of Bitcoin.

(more…)

About, China, Cryptocurrencies, Fintech news, Government activities

February 16, 2017

Indonesia authority to allow on-balance-sheet lending for fintech startups

By Anisa Menur A. Maulani for e27

The proposal came about two months after the authority banned fintech startups from lending money directly to their customers. (more…)

Fintech news, Government activities, Indonesia, p2p/online lending

February 16, 2017

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Hong Kong Financial Markets Authority Joins R3 to Test Blockchain Transactions

By Samburaj Das for CryptoCoins News

The Securities and Futures Commission, an independent statutory authority that regulates the securities and futures markets in one of the world’s major financial hubs in Hong Kong is joining the R3-led financial blockchain consortium. (more…)

Blockchain, Fintech news, Government activities, Hong Kong

February 14, 2017

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After Bitcoin Dropped 10%, How Likely Is An ETF Now?

By Laura Shin for Forbes

As Tyler and Cameron Winklevoss’s almost four-year-long pursuit to offer a Bitcoin exchange-traded fund or ETF nears its final deadline on March 11, developments in bitcoin continue to shift the calculus for tea-leaf readers. (more…)

Cryptocurrencies, Fintech news, Government activities

February 11, 2017

After surge in transactions, Philippine central bank regulates Bitcoin

By  for TechInAsia

The Philippine central bank has decided to regulate virtual currencies, particularly Bitcoin, with more and more people using it to transfer money across borders. (more…)

Cryptocurrencies, Fintech news, Government activities, Japan, Philippines

February 11, 2017

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11 Fintech Companies in UK’s Trade Delegation to Australia & New Zealand

By Samburaj Das for CryptoCoinsNews

The Department for International Trade (DIT), the UK’s sole government department that negotiates to strike or extend trade agreements between the UK and non-EU states will send a Fintech delegation of 11 UK companies to Australasia. (more…)

Fintech news, Government activities

February 6, 2017

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New Zealand to get fintech focus group

By Finextra

New Zealand’s biggest and smartest financial businesses are coming together with the Ministry of Business, Innovation and Employment (MBIE) around the launch of FinTechNZ, to take place in Christchurch, Wellington and Auckland next week. (more…)

Fintech news, Government activities

February 4, 2017

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Blockchain Tracker: Governments Trust In Blockchain

(more…)

Blockchain, Fintech news, Global trends, Government activities

February 4, 2017

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Switzerland Aims to Attract Blockchain Startups by Reducing Fintech Market Entry Barriers

By CryptoCoins News

Switzerland’s Federal Council – a seven-member group that serves as the country’s head of government – began consulting amendments to the country’s Banking Act and Banking Ordinance when it comes to financial technology on the 1st of February. The goal is to reduce market entry barriers for Fintech firms, and to enhance the Swiss financial center’s competitiveness. (more…)

Blockchain, Fintech news, Government activities

February 3, 2017

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How fintech could (one day) solve problem underlying Trump travel ban

By Penny Crosman for American Banker

The Trump administration’s temporary ban on travelers from certain countries is a dramatic illustration of a longstanding, global problem with no simple solutions, one that financial institutions tackle every day: verifying identities.

(more…)

Blockchain, Government activities, RegTech, Security

February 1, 2017

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Vietnam Announces Major Initiative to Become Cashless by 2020

By

Vietnam’s deputy prime minister Vuong Dinh Hue has signed a policy decision aimed to dramatically reduce cash transactions and improve electronic payment methods by 2020, according to a report by Viet Nam News. (more…)

Cashless, Government activities, Vietnam

February 1, 2017

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Digital payments get huge leg-up in India’s new budget. Here’s the low-down.

By  for TechInAsia

India is getting super serious about promoting a cashless economy. (more…)

Cashless, Fintech news, Government activities, India

February 1, 2017

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Japan Could See 20,000 Bitcoin Accepting Merchants in 2017

By Samburaj Das for CryptoCoinsNews

As Japan prepares to enforce regulations upon bitcoin exchanges in the country, a development that was encouraged by the local bitcoin industry, the number of merchants accepting the cryptocurrency is expected to quintuple to 20,000 this year. (more…)

Cryptocurrencies, Fintech news, Government activities, Japan

January 31, 2017

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Government-Blockchain Relationships Have Been Warming Up Since the Beginning of 2017

By Elena Mesropyan for LTP

The first month of 2017 has been surprisingly fruitful for government-blockchain relationships, given the traditionally cautious approach to anything controversial by the public sector to. In less than a month, a series of actions have been taken by progressive international authorities, central banks and governmental organizations to bring DLT closer to the public rather than simply observing boiling with initiatives private sector. (more…)

Blockchain, Fintech news, Government activities

January 31, 2017

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Australian Federal Treasurer Pushes FinTech Agenda

By CryptoCoins News

Federal Treasurer Scott Morrison has said that the growth of FinTech and the financial sector moving into the digital space has produced a shift in how businesses operate presenting challenges and opportunities. (more…)

Fintech news, Government activities, People of fintech

January 31, 2017

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Digital Currencies & Blockchain to Be Discussed at IMF Dubai Fintech Summit

By CryptoCoins News

The Dubai Ministry of Finance (MoF) will co-organize a Fintech seminar with the International Monetary Fund (IMF) during the upcoming World Government Summit. Chief among the topics to be discussed are virtual currencies and the applications of blockchain technology and the wider Fintech services space. (more…)

About, Blockchain, Cryptocurrencies, Fintech news, Government activities

January 31, 2017

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France Builds its Innovative Power in Global FinTech Upon the Foundation of Talented Entrepreneurs

By Elena Mesropyan for LTP

While political uncertainties in Britain and the controversial situation in the US with the new administration may not be particularly catalytic for local startup communities, they certainly represent an opportunity for other markets to attract ‘fresh blood’. (more…)

Accelerators/Incubators/Labs, Fintech news, Government activities

January 29, 2017