U.S. financial regulators are calling for stablecoin regulation with representatives of the nation's primary regulatory offices making the rounds of Congress and the financial media over the past two weeks. That stablecoins, cryptotokens backed by national currency or other fixed assets, pose risks and should be regulated is not the primary question. It's which office has … [Read more...] about Who Will Regulate Stablecoins in the U.S.?
cryptocurrency
Is DeFi the Next Big Thing for Crypto? Not Quite Yet
DeFi - short for Decentralized Finance - has started to become a real buzzword in recent months, with investments in the space growing by leaps and bounds. It's doing so despite being notoriously complex and risky to actually work with - requiring users to understand complex technologies like MetaMask while doing borrow-lending in a space that features absolutely no FDIC … [Read more...] about Is DeFi the Next Big Thing for Crypto? Not Quite Yet
IRS Takes Aggressive Posture on Crypto Taxes
For nearly a decade now, Bitcoin and other digital assets have flown somewhat under the radar when it comes to tax law. While the IRS officially registers them as property, with profits on their sale falling under capital gains taxes, the very nature of how exchanges are set up has historically made profits in this space very difficult for the IRS to track. Enforcement … [Read more...] about IRS Takes Aggressive Posture on Crypto Taxes
FinTech Funding Doubles; Crypto Prices Plunge
Private and public investments in FinTech firms surged in the first quarter of 2021. Research firms are predicting that 2021 will set a record for FinTech funding. Understanding what sectors and regions receive venture funding provides perspective to traditional financial institutions, notes The Financial Brand in its coverage. "Seeing where venture capital money is flowing. … [Read more...] about FinTech Funding Doubles; Crypto Prices Plunge
Navigating a Path to Digital Assets
It’s been a theme throughout the year: digital assets like Bitcoin are breaking into mainstream financial services. The expectation is that technology can bring its services to the consumer on a pre-dawn Sunday when they want to make an impulse buy – and that’s exactly what digital assets enable. They let financial institutions put a disposable asset in the hands of a … [Read more...] about Navigating a Path to Digital Assets
Banking on Crypto
THE WEEK IN FINTECH 05-01-2021 This column continues to follow the money into crypto, as large U.S. financial institutions made more product announcements and investments in cyptocurrency investment and custody services. It also follows the larger trend of banks increasing their strategic investments in FinTech. Enterprise banks ramped up their interest in digital assets … [Read more...] about Banking on Crypto