DeFi, or simply put decentralised finance is based on blockchain to provide a transparent ecosystem for an open and a decentralised banking. The first-ever cryptocurrency, bitcoin was invented amidst the biggest financial crisis for the purpose of decentralised finance. The notion was to create an alternative to traditional finance where trust is placed in the … Continue reading What is DeFi and what it implies?
Category: Economy
Cryptocurrencies legislations have always been in an evolving stage in the United States (‘US’). The US has been supportive of cryptocurrencies and decentralised ledger technology (‘DLT’) based enterprises. Earlier, New York issued BitLicenses to help support early stage cryptocurrencies businesses. Taking the facilitation on cryptocurrencies forward, the Office of Comptroller of the Currency (‘OCC’) issued … Continue reading Office of Comptroller of the Currency allows crypto custody by national banks in US
Singapore has always been advanced in adopting substantial policymaking in the fintech ecosystem. From the adoption of blockchain in governance to regulating cryptocurrencies, Singapore has provided itself to be a competitive market for disruptive technologies and fintech. Recently, the Monetary Authority of Singapore (‘MAS’), on July 13, 2020, announced that its blockchain-based currency payment network, named Project … Continue reading Singapore’s new blockchain based international settlements platform
The European markets have always been competitive and innovative when it comes to the FinTech ecosystem. Recently on Jul 2, 2020, the European Commission (‘EC’) issued a statement conveying that 16 (sixteen) major Eurozone banks from Belgium, France, Germany, Spain and the Netherlands have reached an agreement towards the creation of a unified payments solution … Continue reading Unified payments system in the EU
It would seem that the cryptocurrencies revolution could be nearer than one had initially envisaged. The Indian corporate conglomerate, Tata Consultancy Service (‘TCS’) has launched a new crypto service solution that will “allow Banks and Investment Firms to enable investments and portfolio diversification into Cryptocurrencies and Digital Assets for their clients”. TCS has always been innovative … Continue reading Tata Consultancy Service’s Crypto Solution- Quartz
The Court of Justice of European Union (“ECJ”) is set to announced via its tweet that it will deliver its judgment on the validity of standard contractual clauses (“SCC”) and may also be moving forward with the European Union (“EU”) - United States (“US”) Privacy Shield Framework on July 16, 2020. Many organisations rely on … Continue reading Schrems II: ECJ to Rule on SCC and Privacy Shield
Bitcoin is the most popular cryptocurrency. Most individuals know about bitcoin and the bitcoin blockchain is also one of the most widely adopted networks. However, the recent trend suggests that there has been a decline in bitcoin’s value and its adoption. While bitcoin was the first cryptocurrency, ethereum is the most affordable cryptocurrency. At USD … Continue reading Is Bitcoin losing its value?
The state of New York has been progressive when it comes to the advancement of cryptocurrency businesses. For this purpose, the New York Department of Financial Services (NYDFS) announced that they will be granting conditional licenses. Through these, start-ups would be allowed to partner with existing licensed entities for crypto assets operations. The NYDFS had … Continue reading New York’s new crypto licensing regime
The UK, the European Union (EU), and the European Atomic Energy Community signed the Brexit Withdrawal Agreement on January 24, 2020 (Withdrawal Agreement) which took place on January 31, 2020. Thereafter the transition period has been implemented till December 31, 2020. During such a transition period or implementation period, the UK will continue to follow … Continue reading Data Protection in the UK Post BREXIT
Libra has been advancing towards its introduction into global markets and is acting as a catalyst for nations to adopt their own cryptocurrencies or Central Bank Digital Currency (CBDC). Sweden has become an addition to nations which are developing their electronic version of cash. Sweden is also set to become the world’s first cashless economy … Continue reading Sweden to adopt its own Cryptocurrency
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