More blockchain companies set up shop in Hong Kong in 2019 than firms from any other fintech sub-sector, according to a report from the region’s Financial Services and the Treasury Bureau. Representing 39% of the 57 fintechs that InvestHK, the government-owned inward investment advocate, wooed last year, blockchain outgrew the […]
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US Firms Shield CEO Pay As Pandemic Hits Workers, Investors By Jessica DiNapoli and Ross Kerber, Reuters. May 31, 2020 US Firms Shield CEO Pay As Pandemic Hits Workers, Investors2020-05-312020-05-31https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/05/whpng-e1590953388840.png200px200px Above photo: Christopher Nassetta, the President and CEO of Hilton, participates in a meeting between U.S. President Donald Trump and tourism industry […]
It’s probably no coincidence that three major crypto firms – Coinbase, Genesis Trading and BitGo – have almost simultaneously announced plans to become prime brokers, a kind of fixer when it comes to financing and facilitating trades for institutional investors. This type of vertical integration happens in every business, whether […]
Crypto companies hard hit by the economic impact of COVID-19 have had a plea for a 100 million Swiss franc ($103 million) bailout rejected by Switzerland’s government. Local news site Tages-Anzeiger reported Wednesday that Heinz Taennler, finance director of the canton of Zug, had been denied a call for assistance […]
India’s commercial banks can indeed provide banking services to traders and firms dealing in cryptocurrencies, the nation’s central bank clarified last week. “As on date, no such prohibition exists,” the Reserve Bank of India (RBI) said on May 22. The statement came in response to a query filed by BV […]
Brazil’s biggest private banks are not out of the woods yet. On Wednesday, Brazil’s antitrust watchdog, the Administrative Council for Economic Defense (CADE), voted to continue its investigation of banks who denied financial services to crypto brokers in alleged violation of Brazilian competition law. CADE’s nearly two-year-old inquiry into Itaú […]
India 08:34 GMT 18.05.2020Get short URL New Delhi (Sputnik): The government of India has eased policies, permitting the nation’s start-ups and private firms to be part of deep space missions that would be undertaken by the country’s apex space body ISRO. Access to ISRO’s geospatial data would ensure the development […]
UK 11:02 GMT 13.05.2020(updated 11:04 GMT 13.05.2020) Get short URL MOSCOW (Sputnik) – UK Transport Secretary Grant Shapps said on Wednesday that employees should whistleblow if their employers pressure them to work in violation of the furlough scheme launched by the government to support the economy during the COVID-19 pandemic. […]
A key bank regulator in the U.S. may be open to allowing crypto companies to be licensed as financial institutions on a national, rather than state-by-state, level. Brian Brooks, chief operating officer of the U.S. Office of the Comptroller of the Currency (OCC), the nation’s national bank overseer, said Monday […]
As trade tensions escalate between Washington and Beijing, India is boosting efforts to lure more than 1,000 US businesses out of China, reportedly offering to ease tax and labor laws, and allowing easier access to land. Among those companies the Indian government reached out to were medical equipment producers, food processing […]
A new messaging standard released today is designed to help cryptocurrency firms comply with anti-money laundering regulations from the Financial Action Task Force (FATF). The standard, called IVMS101, defines a uniform model for data that must be exchanged by virtual asset service providers (VASPs) alongside cryptocurrency transactions. The standard will […]
Earlier, the Committee on Finance in Sweden’s Riksdagen made a plea to prohibit dividends for companies that have been appealing for state aid during COVID-19 health crisis in a bid to stay afloat during economic turmoil. This measure, however, still was not introduced Swedish manufacturing giants, including luxury car-maker Volvo, […]
Dutch crypto companies must register with the Netherlands’ central bank by May 18 or cease operations immediately, the monetary authority said Monday. De Nederlandsche Bank (DNB) is moving to quickly enforce enhanced Dutch anti-money laundering (AML) laws, which passed the Dutch Parliament last month to comply with the European Union’s […]