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Kenya CMA drafts Sandbox Rules to test Bitcoin and other Fintech

Bankelele

Kenya’s Capital Markets Authority (CMA) has proposed rules to create a regulatory fintech sandbox for innovations which do not fit within the country’s current financial regulatory framework. The post Kenya CMA drafts Sandbox Rules to test Bitcoin and other Fintech appeared first on Bankelele.

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CFPB, CFTC Develop FinTech Regulatory Sandbox

PYMNTS

The Consumer Financial Protection Bureau (CFPB) has announced that it is working with the Commodity Futures Trading Commission to develop a regulatory sandbox for FinTech firms. “We And at the same time, if you overregulate, you sort of tamp down that creativity and you discourage the innovation.”. But the U.S.

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US Dept. Of Commerce Pegs China As 2017 FinTech Leader

PYMNTS

In looking ahead at the near-term emergence of FinTech markets, the U.S. Department of Commerce’s International Trade Administration said in its “ 2016 Top Markets Report Financial Technology ” that Asia will hold sway over other regions. Payment services, with … 17.6 percent, insurance services at 7.7

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Bitcoin Daily: People’s Bank Of China To Certify Digital Payment Products; Korean Security Agency Supports Blockchain Projects With $9M Fund

PYMNTS

The People’s Bank of China announced that it will certify 11 types of financial technology hardware and software used for digital payment and blockchain services. His comments even caused a price boost of bitcoin and blockchain stocks to the point that the Chinese state media advised people to stay levelheaded.

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Financial technology needs rules of engagement

Payments Source

Policymakers and industry officials should join forces in creating regulations and standards for cryptocurrencies, artificial intelligence and other innovations before they become more widespread.

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Digital Currency Eyes Wholesale — Not Retail — Payments Down Under

PYMNTS

Thus, the RBA is positing the creation and administration of a digital offering that would track the Australian dollar, as well as ostensibly sidestep the volatility that has marked the likes of bitcoin and its brethren. As a] unit of account, people don’t post their prices in bitcoin, even [at] bitcoin conferences.

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Today In Payments Around The World: Mynt Looks For Additional Funding; WeTrade Transfer From OTC Could Bring In $121 Million

PYMNTS

Globe Telecom’s financial technology division, Globe Fintech Innovations of the Philippines, notched $175 million in additional venture funding in January. Globe Fintech, which is called Mynt, is said to be now looking for more funding — and aiming to get a valuation in excess of $1 billion.

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