Opinion

Editorial opinions and perspective on Fintech.

Chamber of Digital Commerce: Commissioner Peirce’s Digital Asset Safe Harbor Good for Token Innovation

As details continue to circulate regarding the newly proposed digital asset safe harbor for non-security tokens, industry insiders are welcoming the news. Revealed by SEC Commissioner Hester Peirce today, the proposal could “create a path for digital token innovators.” Amy Davine Kim, Chief Policy Officer… Read More

SEC Small Business Capital Formation Advisory Committee Meeting: Private Investment in Early Stage Firms Rise, Public Companies Decline. What to Do …

This week, the SEC Small Business Capital Formation Advisory Committee met at the Commission to discuss access to capital around the country. Multiple presentations were delivered on the state of access to capital including one by the Office of the Advocate for Small Business as… Read More

The Wall Street Blockchain Alliance Asks IRS to Clarify Crypto Tax Approach

The Wall Street Blockchain Alliance (WSBA) has posted a letter addressed to the US Internal Revenue Service (IRS) asking the agency to clarify its stance on crypto and taxation. In the past, the IRS has issued several statements and warnings to holders of cryptocurrency with… Read More

Banking as a Service: Goldman Sachs Sizes Up Cloud based Financial Services for Fintechs & Other Banks

Marcus by Goldman Sachs (NYSE:GS), a digital bank serving customers in the US and UK, is expected to play a significant role in the future of the world’s most successful investment bank. During the recent Investor Day, Goldman outlined its vision for both corporate and… Read More

University of Oxford: Tokenization Offers Exciting Possibilities for Real Estate but Cautious on Single Assets, Smartlands Counters Thesis

Security Tokens and Real Estate. Recently the University of Oxford published a paper on digital assets and real estate. Entitled, “Tokenization: the Future of Real Estate Investment?“, the document believes there is potential in tokenizing the popular asset class but also sees certain challenges. For… Read More

Electronic Transactions Association Publishes Report on How Fintech is Helping the Underbanked

The Electronic Transactions Association (ETA) has published its annual report on Fintech and how it helps the population that is underbanked or not banked at all. The ETA is a trade association representing the payments and transfer sector of Fintech – a sector that is… Read More

Reminder: House Financial Services Committee to Host Hearing on “Rent-a-Banks” this Week

On Wednesday, February 5th at 10AM, the House Financial Services Committee will hold a hearing entitled, “Rent-A-Bank Schemes and New Debt Traps: Assessing Efforts to Evade State Consumer Protections and Interest Rate Caps.” The Hearing will most certainly address the emergence of Fintechs, specifically online… Read More

Perspective: What the Next Three Years of Reg CF Holds

Regulation Crowdfunding (Reg CF) celebrates its fourth birthday this year and many numbers are pointing to success – including the 10,000 jobs created by issuers raising capital under the exemption and the more than $200 million in capital raised. However, despite the successes, critics still… Read More

Women in Fintech: Paris Fintech Forum Takes Hold of Gender Diversity Issue

Every year, the Paris Fintech Forum (PFF) makes a special effort to invite as many female Fintech founders and CEOs as possible to share the stage at its CEO-only conference. However, Laurent Nizri, the CEO of Altéir and PFF organizer, admits that he struggles to… Read More

Digital Assets: What to Do When the SEC Comes Calling

Last week, the Wall Street Blockchain Alliance (WSBA), in partnership with the global law firm of Linklaters, hosted a forum on dealing with investigations or inquiries from the Securities and Exchange Commission (SEC). Enforcement actions or investigations by the SEC in the world of securities… Read More

Tradeteq CFO on European Companies Opening Offices in UK Post Brexit: The Outlook for UK Finance and Fintech is Positive

Last week, Crowdfund Insider covered a report on the UK and how European financial services firms were being compelled to open new offices in light of Brexit. While a good amount of digital ink has covered the number of firms shuttering offices or lowering headcount… Read More

Scott Purcell Slams the SECs Proposed Update to the Accredited Investor Rule: “it still remains policy that only rich people are permitted to get rich”

Outspoken entrepreneur and CEO of Prime Trust Scott Purcell has shared his thoughts on the Securities and Exchange Commission’s (SEC) proposal to modernize the current definition of an accredited investor. At the moment, an accredited investor in the US is measured by a wealth metric…. Read More

Not Just About Startups: Democratizing the Accredited Investor Definition Will Allow More People Access to Lower Risk Real Estate Investments

While investment crowdfunding rules initially were targeted at early-stage ventures in need of growth capita,l the new rules have fueled the rise of investment platforms for another asset class: real estate investment opportunities. Early-stage ventures, from seed rounds to later-stage venture rounds, tend to include… Read More

Lawyer Amy ter Haar on the Ontario Securities Commission’s New Guidance for Cryptocurrency Trading Platforms

Toronto lawyer Amy ter Haar has provided her take on the Ontario Securities Commission’s (OSC’s) CSA Staff Notice 21-327: Guidance on the Application of Securities Legislation to Entities Facilitating the Trading of Crypto Assets. In short, the guidance could render any cryptocurrency trading platform subject to… Read More

Israel Rocked Fintech in 2019

Israel is a country well-known for its innovation-driven economy. As the saying goes, in Israel you are either an entrepreneur or an investor. Spend a few days there and you will see what I mean. While the factors that have fostered a start-up boom are… Read More

The New Proposed “Accredited Investor” Definition Changes And Why They Are A BIG Deal

While it passed somewhat under the radar with the holiday season, on December 18, 2019, the Securities and Exchange Commission (“SEC”) released a proposal to significantly amend the existing “accredited investor” definition; which is integral in determining who can participate in private securities transactions. The… Read More

House Financial Services Committee Postpones “Rent a Bank” Hearing, Reschedules Fintech Task Force Meeting

The US House Financial Services Committee, Chaired by Representative Maxine Waters, has adjusted this month’s schedule a bit. Crowdfund Insider published January’s schedule last week but on Friday several important changes were made. First, the Hearing for the Fintech Task Force has been moved up… Read More

Shuttered: Once a Leading Industry Voice, the UK Peer to Peer Finance Association Disbands as Industry Transitions

The UK Peer to Peer Finance Association (P2PFA) is no more. Once a leading industry voice the Association that once represented the biggest names in the P2P lending industry has made the decision to disband. The news was revealed in a series of reports with… Read More

LatAm Fintech Revolution Part 3: Hunting for the Next LatAm Unicorn. Fintech Investments are Glowing Red Hot!

Whenever there’s opportunity, the money flows. There’s no exception here to a 400 million people market. Latin America is the next fertile ground for homegrown venture capitalists and international money when it comes to Fintech. U.S. and international VCs are on the hunt for the… Read More

Hello Luxembourg: Fintech Map Displays Robust Financial Services Innovation Ecosystem

Luxembourg is a relatively small EU country that has long been home to a good number of financial services firms. In fact, with a population of just 615,000, it is one of the smallest countries in Europe but it also claims one of the highest… Read More

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