The SEC received just seven comment letters from the public in response to a solicitation for feedback it had requested in February 2019. Of those, six urged the agency to reject the application. (That’s around 84%.) The industry’s enthusiasm for a Bitcoin ETF (exchange-traded fund) appears to be waning — if you judge that by … Read more
The Depository Trust & Clearing Corporation (DTCC) has published guidelines on security tokens and post trade responsibilities. The issuance of these guiding principles are an important step in the utilization of the issuance and ongoing trading of blockchain based securities tokens or crypto assets. DTCC recognizes the need for safety, security, and reliability around these … Read more
During the week I share the latest marketplace lending and fintech news on Twitter as it happens. Then every Saturday I take the most interesting news items and blog posts from the past week and share them here. Do paycheck advance apps improve financial health? from American Banker – Paycheck advance apps have become a popular … Read more
The Chicago Board Options Exchange (CBOE) will not add a new Bitcoin (BTC) futures market in March, the firm said in a statement on March 14. Per the statement, CBOE is re-evaluating how it approaches trading digital assets. CBOE said: “CFE is not adding a Cboe Bitcoin (USD) (“XBT”) futures contract for trading in March … Read more
IMF paper estimates the potential demand for central bank digital currencies
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place! New Zealand is opening to modern regulation New Zealand heads to open bankingNew Zealand gets on with the times. HSBC launches PSD2 developer portalAllowing third party payment providers to develop products and services across Europe. Bermuda allows local … Read more
During the week I share the latest marketplace lending and fintech news on Twitter as it happens. Then every Saturday I take the most interesting news items and blog posts from the past week and share them here. Millennial online lender SoFi to offer zero-fee ETFs, an unexpected rival for index fund giants Vanguard, iShares … Read more
A group of Japanese financial institutions (FIs) will launch a digital currency platform next month offering a smartphone payment service using QR codes. Will launch on iOS and Android on 1 March 2019 Called J-Coin Pay, 60 FIs are involved – including Mizuho, Japan Post Bank, Ogaki Kyoritsu Bank (OKB), Bank of Toyama, Shinsei Bank, … Read more
In addition to its standard warnings about the generalized risks of ICO-investing and advice to interested ICO issuers that they read the SEC’s 2017 21(a) report, the agency’s latest guide to ICOs (initial coin offerings) gets more specific about the “fraud and manipulation” risks posed by ICOs, “because the markets for these assets are less … Read more
The FBI has outlined what it believes to be the consistent threads running through fraudulent initial coin offerings. The United States Federal Bureau of Investigation (FBI) has outlined what it believes to be the consistent threads running through fraudulent initial coin offering (ICO) schemes. The Bureau’s perspective was shared in an interview with Netherlands-based financial … Read more