Laurence Grant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

Ripple’s Stablecoin RLUSD Approved by New York Regulator Ripple’s stablecoin, RLUSD, has been approved by the New York Department of Financial Services (NYDFS). This marks Ripple’s entry into the stablecoin market. Key details: ? RLUSD will be backed by US dollars, short-term government securities, and similar assets. ? It will launch on the XRP Ledger and Ethereum, with plans to expand to more blockchains and DeFi platforms. ? Independent audits and monthly reports will ensure transparency. Ripple has acquired Standard Custody & Trust Company to support the rollout. Its CEO, Jack McDonald, will lead the project. Stay ahead in Web3 and fintech—follow us for the latest updates and insights! #Ripple #XRP #RLUSD #Stablecoins https://lnkd.in/dQVn8kQ8.

"We Wanted to be One of the Most Regulated Crypto Payments Businesses in the Industry" This is a phrase I have heard alot. But to see Chris Harmse and his leadership team at BVNK actually EXECUTE on this is extremely powerful. TBH - I have heard stories from alot of crypto exchanges like Binance that would say this without the ambition to back it up. Chris Harmse joined me on the Around The Coin Podcast and here are just a few of the things we discussed ?? ?? That the "V" in the BVNK is actually a play on the concept that they were turning the traditional banking industry upside down ?? Chris' background in trading and starting hedge funds and being in banking before taking the leap into payments ? The emerging stablecoin ecosystem and how stablecoins account for over 2/3 of all the crypto transactions ?????? Why regulators are putting so much scrutiny and attention on stablecoins and the emerging legislation popping up from the EU and other jurisdictions ?? BVNK powered LAYER 1 which allows customers and partners to launch stablecoin and digital asset products without having to develop their own infrastructure ????♂? CBDCs and the rationale for governments to get into digital assets when private entities like Circle and Tether.io are doing such a great job ?? Leadership - Chris and his team scaled to over 300 employees in just 6 years and how does he keep morale high during the cycles of crypto ???? Compliance and how they focused on this from a leadership perspective very early to become the most regulated crypto payments business ?? BVNK just dropped an industry leading report on the stablecoins that features key insights from ?? Kimberly Grauer at Chainalysis ?? Andrew Gallucci at Circle and ??Vincent Chok at First Digital ??? Do You Believe Crypto Companies Want To Be Heavily Regulated ???

Many Web3 founders are laser focused on product innovation and growth, but often leave compliance to the back burner. A solid regulatory foundation can be a key differentiator in this highly competitive space. Here are a few compliance essentials for any Web3 startup: 1?? Regulatory Landscape Awareness Web3 is global by nature, but regulations vary across jurisdictions. From securities laws, BSA/AML/KYC requirements, or privacy regulations, it’s crucial to understand the laws in the jurisdictions you operate. Keep an eye on regulatory updates, especially in key markets like the US, EU, Singapore, Switzerland, UAE, and emerging markets like Nigeria. 2?? AML/KYC Compliance Building and implementing robust Anti-Money Laundering (AML) and Know Your Customer (KYC) policies not only builds trust with your users but also helps avoid hefty fines. Binance has paid over $200m in fines in recent times. It’s vital to bake these procedures into your product from the get-go, especially if you’re involved in DeFi, crypto payments, or token issuance. 3?? Smart Contracts Audits Smart contracts are a powerful tool in Web3, but they are only as secure as the code behind them. Regular audits from reputable firms will ensure that vulnerabilities are caught before they’re exploited. 4?? Data Privacy Compliance With increasing global scrutiny on privacy and data protection, being compliant with regulations like MiCA, GDPR or CCPA is essential. Make sure your platform adheres to privacy standards to avoid legal issues. 5?? Corporate Governance Establishing clear governance structures is often overlooked, but as your startup grows, having a strong framework can prevent issues like co-founders disputes down the road. This includes clear roles for the board and management, documented decision-making processes, and transparent reporting practices. Being proactive about compliance doesn’t just keep you on the right side of the law—it gives your startup credibility with investors, users, and partners. #web3 #startup #compliance #blockchain #crypto #DeFi #regulation #AML #KYC #privacy #smartcontracts #corporategovernance

"Caitlin Long, founder and CEO of Custodia Bank, a Wyoming bank that serves digital asset businesses, fintechs, banks and startups, said Sacks was one of the first to focus on the idea that "AI will need crypto because traditional payment systems are too outdated for AI-driven payments."? "Micropayments never caught on with humans but they work great for machines," Sacks said in a 2017 tweet. "Cryptocurrencies are how AIs will pay each other." https://lnkd.in/gqQpedzf

?? Tether just hired PayPal's former expert to navigate regulatory checks! It's a big move aiming to balance innovation with compliance. What does this mean for the crypto world? ?? Discover insights into Tether's strategic approach as they lead the charge to align with evolving regulations. Can this be a template for other crypto companies? ?? Join the conversation and explore the future of crypto compliance! ?? #Crypto #Regulation #Innovation #Leadership

MoonPay Secures MiCA Approval “This approval is a testament to MoonPay’s proactive approach to regulation and our commitment to building a trusted bridge between the traditional financial world and the rapidly evolving crypto ecosystem,” said Ivan Soto-Wright, CEO and Co-founder of MoonPay. “MiCA represents a pivotal moment for the European digital asset industry, and we’re proud to have worked collaboratively with the Dutch AFM to be among the first to embrace this new regulatory framework.” “This milestone is more than just a regulatory approval—it’s a pivotal step in solidifying the crypto industry’s role in the global economy,” Soto-Wright added. “We are excited to deepen our collaborations with regulators, businesses, and users as we pave the way for the future of crypto.” https://lnkd.in/eRhryW_4 Taleen S. Alejandro Franco Rodriguez Thomas Hook, J.D., CAMS Victor Faramond Max Crown Doug Innocenti #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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 introduction of MiCA marks a pivotal moment for the crypto ecosystem, bringing both challenges and immense opportunities. ?? While compliance with stringent standards may indeed require significant adjustments, the long-term benefits are undeniable. MiCA will foster a secure environment and by aligning with this comprehensive framework, crypto lending platforms can confidently expand their services, attract institutional investors, and drive innovation in the crypto space. ??

It's been interesting to see how the fintech world is evolving lately. With VC investment slowing down and regulations getting tighter, things are getting a bit more complicated. But that's where the real opportunities lie, right? I've just read SVB's latest report - shedding light on how fintech is holding its own amidst these challenges. Despite the hurdles, fintech innovators are still kicking it, using automation and AI to tackle fraud head-on. #Fintech #Regtech #EmbeddedFinance #Blockchain #SVBInsights