Blockchain 

Chinese Central Bank-Led Fintech Research Institute Seeks New Blockchain Talent

A fintech research institute established by China’s central bank, the People’s Bank of China (PBoC), has posted several new job openings for blockchain talent. The three listings were published to Chinese recruitment website Lagou.com on May 21. As its profile on Lagou.com outlines, the Shenzhen Fintech Research Institute is a unit jointly organized by the PBoC’s Digital Currency Research Institute, the Shenzhen Local Financial Supervision Bureau and the Futian District People’s Government. It is tasked with spearheading fintech and digital currency-related development projects under the aegis of the central bank…

Read More
Blockchain 

Facebook Registers New Fintech Firm in Switzerland

Social media giant Facebook has apparently formed a new financial tech firm, Libra Networks LLC, according to a filing on the Geneva Commercial Register. Libra Networks was registered in the Geneva con May 2 by Facebook Global Holdings II LLC. Per the official filing the firm provides: “…services in the fields of finance and technology, as well as the development and production of software and related infrastructure, in particular in connection with investment activities, the operation of payments, financing, identity management, data analysis, big data, blockchain and other technologies.” Facebook…

Read More
Blockchain 

Fintech Firm Billion Seals $2.1 Mln European Commission Grant for Blockchain System

Polish-British fintech firm Billon has reportedly sealed an almost €2 million (~$2.1 million) grant from European Commission’s Small and Medium-Sized Enterprises (SME) Instrument program to develop a blockchain document management system. The news was reported by Billion in a press release on May 14. The Commission’s SME Instrument program provides funding for innovation projects which are close-to-market, and has reportedly awarded Billon a grant under Phase 2 of the program — which provides enterprises with up to 70% of the costs of their proposed project. Billon’s system, dubbed B4TDM (Blockchain…

Read More
Blockchain 

Fintech Company Launches Crypto Exchange Platform Integrated Into Social Investing Network

Hamburg-based fintech company Naga has released its new exchange platform, Nagax, after an intensive beta testing period. The developer promises a user-friendly interface and “super-fast execution,” as the system supports more than 10 million transactions per second. The new platform is integrated into the social investing network — also known as Naga Trader. According to the company, it is used by more than half a million traders around the world. Nagax will be connected to the Naga platform through its own cryptocurrency wallet, the Naga Wallet: It supports major crypto,…

Read More
Blockchain 

US Lawmakers Form Fintech Task Force to Examine Industry

The United States House of Representatives Financial Services Committee has passed a resolution to form the Task Force on Financial Technology, according to a press release by the committee on May 9. The new task force purports to “examine the current legal framework for fintech, how fintech is used in lending and how consumers engage with fintech.” Congressman Stephen Lynch (D), the newly appointed chair of the Task Force on Financial Technology, commented in a press release on the need for the committee to reevaluate how to best protect consumers…

Read More
Blockchain 

Financial Regulator Authorizes 9 Fintech, Blockchain Firms for Trial Operations

The South Korean Financial Services Commission (FSC) has authorized nine fintech companies to operate in the country as part of a regulatory sandbox, English-language local media The Korea Times reported on May 2. Per the report, the regulator has named the aforementioned nine startups and companies to provide innovative services using blockchain, fifth-generation telecommunications and other new technologies. The development is reportedly part of a broader financial regulatory sandbox initiative launched last January. The sandbox will reportedly include new financial services being offered for a trial period of up to…

Read More
Bitcoin 

80 Firms Including MasterCard, Coinbase Spent $42 Mln Lobbying Crypto, Fintech Issues in Q1

Around 40 entities lobbied for bitcoin (BTC) and blockchain-related causes in the United States in Q1 2019, political news site Roll Call reported on April 30. Citing data from the Federal Electoral Commission, the publication stated that around half of the 80 lobbying entities included cryptocurrency-related items, with total quarterly lobbying expenditure reaching over $42 million. Among the biggest spenders who included crypto were accounting giants Ernst & Young and Accenture, while the biggest of all was the U.S. Chamber of Commerce, which accounted for $16.4 million for fintech lobbying…

Read More
Blockchain 

Austria Considers Establishment of Fintech Regulatory Sandbox

The Ministry of Finance in Austria is considering establishing a regulatory sandbox for the fintech industry, Cointelegraph auf Deutsch reports on April 26. The country’s Finance Minister Hartwig Loeger said that the FinTech Advisory Council — which was formed by the Ministry of Finance last year —  will aid in the development of relevant rules to steer the “young financial market around digitized financial services,” including initial coin offerings (ICOs) and digital currencies to facilitate their growth. State Secretary Hubert Fuchs said: “For some companies in the fintech industry, it…

Read More
Bitcoin 

Chilean Government Introduces New Cryptocurrency and Fintech Regulation Bill to Congress

The Minister of Finance of the Chilean government Felipe Larraín announced the introduction of a bill regulating cryptocurrencies and fintech to Congress, Cointelegraph Spain reported on April 15. During his recent stay in the United States, Larraín reportedly noted that the requirements introduced by the new regulation will be proportional to businesses. He explained that the rules will take into account that various companies have different business models, and deliver different services that imply different risks for the users and the financial market. Local media outlet Ahora Noticias reported that…

Read More
Blockchain 

Fintech Firm Hopes to Overhaul Microwork Industry With Platform Built on Blockchain

An established mobile fintech platform with more than 5 million users across 200 countries is launching a decentralized ecommerce ecosystem designed to help anyone with a smartphone make a living, thereby democratizing wealth distribution. Vodi X is the partner company of Vodi, a company that offers its customers the ability to instantly top up prepaid mobile plans worldwide, to buy or send digital gift cards from over hundreds of brands, as well as to make international calls, texts and conduct video conferences. The team says they are seeking to overhaul…

Read More