Need to know NNeed to KnowStablecoins – in 30 secondsJuly 6, 2020byfintech law Stablecoins are cryptocurrencies that are designed to maintain a stable price. This stability is in reference to another asset – like the US Dollar or the price of gold. NNeed to KnowFacebook’s Libra – in 30 secondsJune 30, 2020byfintech law Libra is a set of coins linked to “real world” currencies such as USD and EUR as well as technology and assets. It was initiated by Facebook. NNeed to KnowSmart Contracts – in 30 secondsJune 29, 2020byfintech law Smart Contracts are currently small computer programs that sit on a blockchain.They can automatically do “x”, if “y” happens. NNeed to KnowWirecard Scandal – in 30 secondsJune 27, 2020byfintech law Get to speed in 30 seconds. From the first Financial Times allegation in January 2019 to Wirecard filing for insolvency in June 2020. NNeed to KnowWhat is Fintech Law?June 26, 2020byfintech law Fintech Law covers technologies including digital payments, digital lending, investment platforms, cryptocurrencies, and financial data. NNeed to KnowWhat is Banking as a Service?June 25, 2020byfintech law Banking as a Service (BaaS) lets companies rent different parts of a bank. Could Amazon or Apple be your next bank? NNeed to KnowIs Bitcoin legal?June 24, 2020byfintech law The legality of Bitcoin differs from country to country. Bitcoin is treated as being legal (at least for some purposes) in most countries. Some countries have provided guidance on the legality of Bitcoin. NNeed to KnowUS Regulator: What is the OCC?June 23, 2020byfintech law The OCC is the US national bank regulator. The largest US banks including Bank of America and Wells Fargo are regulated by the OCC. NNeed to KnowWhat is Secure Customer Authentication under PSD2? (June 2020)June 22, 2020byfintech law Secure Customer Authentication is intended to reduce fraud. Customers can no longer make online payments with just their credit card details. UUncategorizedStrong Customer Authentication (SCA) – PSD2March 12, 2020byfintech law Strong Customer Authentication (SCA) is a new security standard under PSD2. It needs two forms of authentication from the customer.