#fintech

New FINMA FinTech License Will Allow Swiss Crypto Startups to Handle Up To $100 Million

The Swiss Financial Market Supervisory Authority (FINMA) has announced on Monday, December 3, that local blockchain and cryptocurrency startups can now apply for a new fintech license that would allow them to handle deposits of up to 100 million CHF ($100 million), just like traditional banks. According to the official announcement, starting from January 1, […]

SEC’s Strategic Hub for Innovation and Financial Technology to Guide Crypto Startups

The U.S. Securities and Exchange Commission (SEC) has launched Strategic Hub for Innovation and Financial Technology (FinHub), a new division with the goal of making it simpler for fintech and blockchain startups to navigate the legal implications of their products.

Deutsche Börse Creates a Dedicated Blockchain Unit

Deutsche Börse, the operator of the Frankfurt Stock Exchange, has formed a new unit to further advance its work into the transformational potential of blockchain technology. Deutsche Börse, a marketplace organizer for the trading of shares and other securities, has been exploring potential applications of blockchain and implications of cryptocurrencies. In 2016, the Frankfurt Stock […]

Russian Project Receives a Banking License for the Implementation of Cryptocurrency Operations

The ZODIAQ project, which is creating a universal financial blockchain corporation, received a banking license of category B from the Comoros Offshore Finance Authority for offshore operations.

Russian Payments Giant QIWI Acquires Fintech Accelerator InspiRUSSIA

Russian payments service provider QIWI has purchased fintech accelerator InspiRUSSIA which mostly focuses on developing blockchain-based solutions. As reported by TASS, the amount of the deal remains undisclosed.

Facebook and MasterCard Researches Say Young Generation Prefers New Fintech Services Over Banks

According to recent researches by Facebook and MasterCard, majority of young people don’t trust traditional banks, favoring new fintech services instead.

Sberbank Subsidiary Launches Cornerstone, a Blockchain Service for Protected Transactions

Delovaya Sreda (“Business Environment”), a subsidiary of Sberbank of Russia, has launched Cornerstone, a free service for execution of protected transactions using blockchain technology.

Bank of Russia Leads New Blockchain Consortium

The Bank of Russia partnered with ten biggest national banks to create ‘Fintech’, a consortium to implement financial innovations and trial blockchain technology.

Russian Banks Test Blockchain-Based Service for Customer Data Exchange

Russia’s biggest banks have run a series of test transactions using an Ethereum-based blockchain prototype developed by Cinimex.

RIS Ventures: We Link Big Corporations to Small Blockchain Startups

The first accelerator to seek startups focusing on banking and financial technologies was recently launched in Russia with selection criteria for the candidate projects including application of blockchain in depositing and settlements.

National Bank of Ukraine to Support Blockchain Technology Development

National Bank of Ukraine (NBU) is interested in further development of high-tech financial market in Ukraine as it will positively influence implementation of the Cashless Economy project.

Credit Suisse Predicts Consolidation Of Financial Markets Due To Blockchain Integration

Financial conglomerate Credit Suisse has published a report on possible impact of blockchain once it’s implemented across diverse economy sectors. The report was prepared by thirty-one expert from different countries.