Business Cryptocurrency Regulation
Business approach in South Korea may change soon. After the election of Yoon Suk-yeol, a supporter of a more crypto-friendly economy, mayn South Korean firms began to ask for the necessary license to launch crypto exchange platforms. One of these is Samsung Securities.
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In this CNBC interview James Faucette, a Morgan Stanley analyst, discusses the fintech sectors that are attracting more investments. The payments sector is still the one that gathers the attention of investors.
Cryptocurrency Opinions Regulation
CoinDesk analyzes the possible reasons behind the current crypto market downturn: from the monetary policies of the US central bank to rising inflation, many are the factors that affect both stock and crypto markets.
Lithuania faces two major issues: the Russia-Ukraine conflict – especially because of its borders, and SME financing gap – since the few traditional banks tend to focus on well established companies. But Lithuania is also a fintech-friendly country – that’s the reason why some UK fintech companies are turning to Lithuania.
The aggressive policy of the Federal Reserve is affecting fintech lenders too. These kinds of fintech firms have fewer restrictions when it comes to lending money to people, but since they have to borrow money somewhere else to give it to their customers, the rising interest rates might dramatically affect fintech businesses and people who don’t qualify for loans from more traditional institutions.
This conversation with Lena Hackelöer clearly shows how fintech firms can revolutionize the payments sector – and some key differences between the US and Europe when it comes to fintech: discover Brite Payments, how they can improve businesses and how they can add value to the whole sector also thanks to their partnership with Sofort.
Ripples Nigeria shares with us some interesting stories, among which the new campaign launched by the fintech PalmPay to improve cyber security awareness among its customers.
Egypt-based businesses can benefit from a new acquisition: the BNPL vaIU has acquired Paynas to provide micro, small and medium businesses with more financial solutions to support and facilitate daily financial activities.
An interesting and long-lasting debate about regulators: should they “regulate entities or activities?”. The debate is reignited by the new regulatory framework issued by the Reserve Bank of India, which is aimed at protecting consumers in lending.
So far, fintech companies in the United States have been in a limbo. To get access to Fed’s payment services, firms that are not considered as a part of the traditional payment system need to rely on a third party – like banks – to access those services.