FF News | Fintech Finance的动态

Korea seeks to ease fintech ownership, crypto regulations - KED Global: South Korea's top financial regulator has proposed to loosen restrictions on financial holding companies' ownership of fintech platforms from the?... #finpeform #fintech

Crypto payments firm MoonPay secures MiCA approval in the Netherlands - Cointelegraph: MoonPay said it planned to continue offering its on- and off-ramping services to crypto users under its Dutch license in compliance with the MiCA?...

Stablecoins, which now circulate over $160 billion, are transforming global finance by enabling real-time, borderless transactions that bypass traditional banking infrastructure. Despite regulatory and privacy concerns, they promise to modernize payments, enhance capital efficiency, and allow even small players to participate in global transactions. Governments are exploring their benefits for monetary control and financial transparency. #crypto #web3 https://lnkd.in/gnrXAhxu

MoonPay Secures MiCA License from Dutch AFM, Eyes EU Expansion MoonPay Blasts Off into the EU Market with Groundbreaking MiCA Approval MoonPay, a leading crypto payments platform, has secured a MiCA license from the Dutch Authority for the Financial Markets

Quantoz Blockchain Technology Payments Issues Euro and US Dollar Stablecoins; Receives Backing From Major Crypto-Asset Firms Arnoud Star Busmann, CEO of Quantoz Payments, said: “We are thrilled to bring to market truly European-native stablecoins, available on respected venues for European consumers and corporations, issued by a company with its roots in the Netherlands, one of Europe’s leading fintech jurisdictions. The MiCA regulation brings a new level of trust to digital assets markets, not least through its prudential requirements on the issuers of stablecoins. As the world of payments becomes more digital, having well-regulated, transparent and fully backed stablecoins is critical to enabling faster, cheaper and more secure settlement within the world’s largest single market.” https://lnkd.in/gjZznH6q Fabric Ventures Kraken Digital Asset Exchange Tether.io Anil Hansjee Mark Greenberg Paolo A. #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

Europe's MiCA deadline is nearly here. The Markets in Crypto Assets (MiCA) framework is helping to bring industry-wide trust to crypto payments, making them safer for consumers, and more attractive for businesses. Tom Boydell explains what’s changing on the BVNK blog: https://lnkd.in/ecHepAew

Coinbase's recent ad on international remittances being solved by crypto is very smart, and they're very well positioned for this - in fact, they're the best positioned crypto company to solve this, it's not even close. Why? 1. ???????????????????? ?????????????? Most crypto enabled remittance solutions don't have a way of making money outside of the take rate model on transfers, but Coinbase has USDC yield (aka stablecoin revenue). This means that Coinbase is no longer incentivized to "charge" on the take rate of moving money, unlike 99% of other remittance providers. With new, experimental technology like crypto, "lower fees" is not enough to beat incumbents. To beat traditional remittance providers, fees have to be 0. 2. ????????????????????/???????????????????? ?????????? Most crypto enabled remittance solutions don't have the infrastructure to move the money themselves -licenses, MTL's, etc. Therefore, somewhere in the bottom line, this adds a cost of moving money somewhere (even if the consumer doesn't see it). For example: If you work with an on/offramp provider, they charge some sort of fee (let's say it's 0.1%). Someone has to pay the 0.1% fee somewhere (whether it's the business or consumer). 3. ?????????????? ???????????????? ?????????????????? Related to 2, Coinbase has the deepest liquidity of fiat <> crypto. The spread between USDC <> CAD are competitive. TLDR: A new revenue model (instead of take rates) x regulatory/compliance infrastructure moats x foreign exchange liquidity x brand -> leads to USDC taking on the remittance market head on.

The #DLT technology was initially promoted by people foreseeing a #Bankless finance future and certainly brought outsiders and fresh ideas within Finance but we also have strong expertise within Banks that should not be discarded ! We can indeed see great initiatives in banks like #HSBC based on #blockchain technologies and the promise of increased #FinancialInclusion for those who can't have a bank account and reduced costs for micropayments used by small businesses who cannot afford current fees will still involve Banks in my opinion. Payments disintermediation between parties will hopefully contribute to cost reduction and not only thanks to p2p transactions, this will also be the case through Banks b2b Business cases. https://lnkd.in/eUQUvBiu

This week in fintech, Europe is getting serious with crypto rules, partnerships are thriving, and conferences are just around the corner. Whether you’re excited about new regulations or just here for the drama, here’s what’s buzzing in fintech! ???? EU Crypto Regulation Nears Implementation The MiCA EU regulation is expected to take effect in December 2024 and will be a comprehensive, first-ever regime for cryptocurrency regulation worldwide. This law enforces transparency and accountability from crypto asset service providers and ensures protection for consumers. MiCA achieves two major feats: offering a legal framework for crypto businesses across the EU and taking further steps toward consumer protection and market stability in the wake of the FTX collapse. ?? Digital Operational Resilience Act (DORA) to go live The European Union's Digital Operational Resilience Act (DORA) comes into effect in January 2025, with stringent rules on cybersecurity for financial services. The new legislation focuses on ICT risk management, third-party vendor management, and incident reporting in ensuring operational resilience for EU financial institutions in the digital space ?? Stripe and Klarna extend partnership Stripe and Klarna announced an expanded partnership in further offering BNPL solutions from Klarna to more merchants around the world. The extended partnership can only bolster a business's ability to offer flexible options of paying, which has become one of the increasing trends among consumers looking elsewhere than traditional credit ???? London Gets Ready for FinTech LIVE 2024 Join FinTech LIVE London, October 22-23, 2024, as the great and good of the industry come together to discuss the latest payments, blockchain and digital assets innovations. Catch up with the latest key trends and partnerships driving this most fast-moving of industries, notably payments and crypto ???? Luxembourg Readies for MiCA Compliance The Luxembourg financial regulator CSSF is quite busy with preparations concerning the implementation of MiCA. It calls on firms for preliminary discussions about their compliance. In this respect, both traditional big financial players and fledgling cryptocurrency entities will fall into line with the uniform standards due in the EU, signaling proactive steps toward regulatory clarity. At Flaw, we see these developments as more than just trends—they're opportunities to future-proof your fintech strategy. And hey, if you're not ahead of the curve, you're probably stuck in a compliance meeting. Get your Emails done! #payments #law #fintech

A blockchain-based settlement protocol Kima Network has completed Israel’s first #CBDC (digital shekel) purchase of a tokenized stock, marking a major milestone in financial innovation. ?? ?? ?? The transaction, as part of the Bank of Israel’s digital #shekel pilot program, enabled direct exchanges between traditional and digital financial systems without intermediaries. The milestone purchase was executed on Kima’s demo trading platform PeerTrade, developed to demonstrate a seamless exchange between a buyer and a seller without intermediaries. A buyer used digital shekels (Israel’s CBDC) to purchase a tokenized share, while the seller received regular shekels converted from the digital ones into their bank account. To facilitate the transaction, Kima utilized two sets of API calls within an exploratory sandbox designed by the Bank of Israel. The buyer’s funds were locked until the stock was transferred and immediately released to the seller upon completion, protecting both parties throughout the process. Then, digital shekels were converted into regular #currency to make payments usable in traditional financial markets. Throughout the entire process, Kima’s technology ensured a secure and verified transaction, executed instantly and seamlessly. Acting as a decentralized escrow, Kima functioned without any intermediaries or smart contracts, extra fees, delays, or unforeseen occurrences. “Today’s financial systems are weighed down by barriers and intermediaries that slow transactions and add unnecessary costs,” stated Eitan Katz, CEO of Kima Network.?“For the first time, our solution has enabled an unprecedentedly efficient transaction, performing real-time delivery-vs-payment without intermediary escrow or smart contracts.” More details on this in the full DailyCoin article by Alex Costa. #AltBanking The leading aggregator, bringing the best actionable news, information and opportunities in this rapidly evolving ecosystem right to you. Share and Follow us to stay up-to-date! #finance #fintech #banking #innovation #digitalassets #Web3 #investment #DeFi #TradFi #digitalfinance #RWA #tokenisation #Israel #blockchain #DLT #tokenization #stock #shares https://lnkd.in/eY_MkvvF