US SEC Chairman stresses importance of ICO compliance

<![CDATA[ Executive Summary US SEC Chairmain says ICOs can be an effective capital raising method but must comply with securities laws. Talks of SEC’s efforts to promote fintech (in a properly regulated way). In the midst of SEC actions against firms for ICO non-compliance. Details Jay Clayton, the Chairman of the US Securities and Exchange… Continue reading US SEC Chairman stresses importance of ICO compliance

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UK-based Revolut secures Singapore and Japan payments licences

<![CDATA[ Executive Summary UK payments fintech company Revolut has been granted payments licences in Singapore and Japan. Details Revolut has been granted a Remittance Licence and Stored Value Facility approval by the Monetary Authority of Singapore (MAS) and a Fund Transfer Licence by the Japan Financial Services Agency (FSA). It is one of very few… Continue reading UK-based Revolut secures Singapore and Japan payments licences

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Switzerland launches clear ICO licence

<![CDATA[ Executive Summary Switzerland’s “Crypto Valley” is becoming an increasingly popular jurisdiction for new blockchain firms. To support ICO issuance out of Switzerland, it is launching a new “Fintech Licence” – allowing approved firms to issue up to CHF 100m (approx. US$101m) in ICOs. The reationale is to facilitate ICOs by providing a clear regulatory… Continue reading Switzerland launches clear ICO licence

UK competition regulator investigates PayPal acquisition

<![CDATA[ Executive Summary The UK Competition and Markets Authority (CMA) is investigating PayPal’s acquisition of iZettle. When combined with other statements from the CMA, this may suggest more scrutiny for tech deals going forward. Details The CMA is investigating PayPal’s $2,2bn acquisition of Swedish firm iZettle in September. iZettle provides mobile credit card terminals to… Continue reading UK competition regulator investigates PayPal acquisition

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