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Gibraltar Goes Fintech: Next Destination - Hong Kong
...ooperation. Gibraltar is the member of this week for the first time. Delegation represented desire for this jurisdiction to move into the Fintech sector. The majority of the Albert Isola delegation were businessmen, executives, investors and even financial regulators. They performed a number of meetings and a reception to make some crucial agreements on the future deals. Gibraltar Fintech Offer...
Path: BlogVirtual Currencies’ Control in Singapore
...n the field of financial instruments makes regulators think of more and more universal types of acts and laws. Many international documents also have requirements for the counter-financing of terrorism and anti-money laundering policies. This puts financial regulators in the position where they should decide whether **digital currencies** are according to the legislation or they should be banned...
Path: BlogRepeal of the Bermuda tax reform as the general service tax got denied
Even though the financial regulators of **Bermuda** had extensive plans regarding the **tax reform**, a lot has changed since then. Previously, we informed our readers about the implementation of a general service tax, however, it is dismissed from now on. The 2018\19 pre-budget report declares **tax amnesty** in controversy to the old plans. This amnesty will consist of a cancellation of la...
Path: BlogSwitzerland puts a hand over supervising ICOs
...urchaser. Considering this, FINMA, classifies both, utility and access tokens, as securities. This implies that the requirements for them are stricter than for payment tokens. However, the authority still controls all three types. The European financial regulators community still does not have a unified position about cryptocurrencies, blockchain and ICO. For the time being, Switzerland is a...
Path: BlogSingapore's new retail trading regulation cuts FX Leverage to 20:1
...an 2 million Singaporean dollars at personal disposal or, • have more than 1 million Singaporean dollars in cash or, • earn more than 300 000 Singaporean dollars annually. Newly introduced changes in leverage are no surprise since many financial regulators strongly believe that high leverage represents a risk to retail investors. The Monetary Authority of Singapore has been raising c...
Path: BlogAttempts to Unify Cryptocurrency Regulation and Introduction of the Travel Rule
...tated that it would give 12 months to adopt the guidelines. FATF’s guidelines will: - increase transparency regarding who actually owns legal entities to prevent money laundering and terrorist financing through opaque structures; - provide financial regulators with better access to data through centralized bank account registers; - tackle terrorist financing risks linked to anonymous us...
Path: BlogNigeria’s Crypto regulation as a solution for financial services
...gulatory landscape has made it riskier for larger institutions. A lack of many of the traditional financial services that are often taken for granted in other more developed countries are lacking in Nigeria. One of the reasons for this is because financial regulators in a number of African countries, including Nigeria, have imposed significant restrictions on how citizens can spend their money....
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