Visa, ConsenSys eye central bank digital currencies
/Visa has partnered with blockchain technology company ConsenSys to let central bank digital currencies (CBDCs) expand through existing financial networks.
Read MoreVisa has partnered with blockchain technology company ConsenSys to let central bank digital currencies (CBDCs) expand through existing financial networks.
Read MoreFidelity earlier this month launched a spot bitcoin exchange-traded fund (ETF) offering in Canada, a product which differs from bitcoin-linked ETFs currently approved in the U.S., which are bitcoin futures-based ETFs.
Read MoreConsumer Financial Protection Bureau (CFPB) Director Rohit Chopra said the regulator plans to enhance its scrutiny of banks that are “heavily dependent” on overdraft fees, hinting at enforcement actions that could follow.
Read MoreCryptocurrency exchange BlockFi is in the crosshairs of the Securities and Exchange Commission (SEC) over a product that pays high interest rates for lending out their digital tokens.
Read MoreRobo-advisers tout their transparency of fees and pro-consumer approaches, but the Securities and Exchange Commission (SEC) found that many were misleading clients through their advertising and not acting in clients’ best interests.
Read MoreAs the United Nations Climate Change Conference (COP 26) begins in Glasgow, a crypto trade group called Global Digital Finance is lobbying for more concrete parameters on how to measure the environmental impact of digital assets.
Read MoreThe U.S. Justice Department is probing Visa’s relationships with fintech firms as part of a bigger antitrust investigation of the company, a new report suggests.
Read MoreIn-app “nudges” or suggestions are expected offerings from digital financial platforms, but there is debate around whether they are forms of financial advice that need to be regulated.
Read MoreThe Department of Justice unveiled its National Cryptocurrency Enforcement Team this week, a body that will deploy cyber and money laundering expertise to go after crypto actors engaged in criminal wrongdoing.
Read MoreSecurities and Exchange Commission (SEC) chair Gary Gensler told the House Financial Services Committee this week that the SEC would not follow China’s lead and ban cryptocurrencies.
Read MoreU.K.-based digital bank Monzo pulled its U.S. bank charter application after it was told by regulators it wasn’t likely to be approved.
Read MoreThe Financial Revolutionist is weekly newsletter and blog focused on the torrid pace of financial innovation. Today, thanks to the exponential rate of technological change, explosion in global trade and new regulations ushered in by the Great Financial Crisis, a new financial revolution is under way. In this battle, virtually every aspect of the greater financial services sector is subject to rigorous challenge. With the Financial Revolutionist, we are aspiring to create a boots-on-the-ground and highly opinionated assessment of important financial innovation developments in the past week.