Crypto Considerations for Fund Managers

Private funds investing in digital assets have exploded in popularity—but pose unique legal risks David Felsenthal, Steven F Gatti, Philip Angeloff, David Adams, Ashwini Habbu, and Jesse Overall are attorneys with Clifford Chance, LLP. Private funds investing in blockchain-based digital assets have exploded in popularity in recent years. According to the consultancy Crypto Fund Research, there … Read more

Financial Health for the Future of Work

The Future of Work Needs Sound Retail Financial Services to Support it, and the Numbers Back it Up Usman Ahmed is the Head of Global Public Policy, PayPal.  Ivy K. Lau is the Social Innovation Manager, PayPal The future of work debate has sparked a set of important conversations about how to change fundamental institutions like health … Read more

Book Review: Blockchain Regulation and Governance in Europe

Elizabeth Jacobs is an attorney with the Securities and Exchange Commission  Distributed ledger technology (DLT) has become something of a trope. It has been proposed as a currency, as a tool for “smart contracts,” for cheaper clearing and settlement, and as a governance mechanism for everything from data identifiers to actual human voting. Michele Finck’s new book, … Read more

What’s the Matter with Regtech?

Amias Gerety is a Partner with QED Investors Regtech has been more promise than reality so far, but success is possible for startups that appreciate complexity of banks and financial services—and the interplay of rules to which they are subject.    Every large financial institution, and most small ones too, are committed to a digital … Read more

The Cryptocurrency Hole in SIPC Insurance

Patrick J. McCarty is the President of McCarty Financial LLC For all the talk that identifying virtual currencies as “securities” adds greater comfort and stability to financial rules, there is a very (very!) big problem, and one overlooked by market participants and scholars alike:  Security Investor Protection Corporation (SIPC) insurance coverage does not cover virtual currency … Read more

Many Central Banks Are Preparing For Digital Money, But Where is the Fed?

By JP Schnapper-Casteras and Misha Guttentag  The onset of the “crypto winter” has rekindled a fierce debate about the role of bitcoin and digital assets in monetary policy: opponents lambast them as a Ponzi scheme about-to-collapse and proponents promise they will replace government currencies entirely.  The reality is that, at least in the short term, … Read more

New Payment Services Won’t Always Require A Regulatory Rethink

Matt Swinehart is an attorney in Washington, DC The views expressed here are the author’s own and not necessarily the views of the United States government Two familiar tenets make up today’s conventional wisdom about fintech.  The first tenet is that the financial services industry is undergoing nothing short of a revolution.  The second tenet, … Read more

Cyberspace and Fintech Borders

By Dr. Rosa Lastra and Dr. Jason Grant Allen Since the 1990s, the Internet has become the communications channel used for an increasing number of commercial and financial transactions, not least because it makes transacting across geographical distances quicker, easier, safer, and more affordable. Already in the 1990s, it became clear that the Internet was … Read more