Launched in April 2018, the Bank of Russia’s regulatory sandbox offers FinTech companies the chance to test new financial services and technologies without the risk of violating domestic law.
UK FinTech firm Revolut has added Bitcoin Cash (BCH) and Ripple’s XRP to its cryptocurrency trading app.
Revolut is a digital banking alternative that includes a pre-paid debit card (MasterCard), currency exchange, and peer-to-peer payments. The company currently supports spending and ATM withdrawals in 120 currencies and sending in 25 currencies directly from its mobile app.
UK’s new Cryptoassets Taskforce held its first meeting yesterday and agreed on key objectives.
The Taskforce was first announced in March of this year by Philip Hammond, UK Chancellor of the Exchequer and Second Lord of the Treasury, as part of the government’s FinTech Sector Strategy.
Veridium, a collaborative initiative of EcoSmart Labs, Brian Kelly Capital Management, IDEAcarbon, Everland and CBL Markets, will leverage IBM’s blockchain technology and expertise to transform carbon credits into a new type of fungible digital asset that can be redeemed and traded on the Stellar network with less friction.
Marvelstone Group, the private investment firm behind London-based FinTech hub Lattice80, has announced the opening of Smart City Innovation Lab in the Central Business District (CBD) of Singapore.
The lab will facilitate the development of joint venture projects with banks,
KCD provides mobile accounting software (Cashnote) to SMEs operating under the Korean taxation system.
The government of Philippines will allow ten crypto and blockchain firms to operate in a special tax-friendly economic zone to take advantage of tax perks while generating employment.
Raul Lambino, the chief of the Cagayan Economic Zone Authority (CEZA), said the government will legalize the entry of the companies in the CEZA,
The Intellectual Property Office of Singapore (IPOS) has announced a new initiative that will speed up the patent application-to-grant process for FinTech inventions such as blockchain-based payments.
The initiative, called Fintech Fast Track, was launched to support the growth of Singapore’s FinTech sector and help businesses bring their FinTech innovations to the market more rapidly.
UK FinTech firm Revolut has raised $250 million in its Series C investment round. The funding round, which gives the company a $1.7 billion post-money valuation, was led by Hong-Kong based DST Global with existing investors Index Ventures and Ribbit Capital also participating.
Avaloq develops and provides software for core banking. The Avaloq Banking Suite software is used by over 450 customers,