Gibraltar is pioneering creation of blockchain ecosystems, says FM
“We want to keep at the forefront of the regulatory framework to make sure that what we’ve got is fit for purpose and works well for our stakeholders.”
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Forkast.Focus | HKFinTechWeek: SFC Aims to Regulate Digital Asset Trading Platforms
Speaking from the main stage of Hong Kong FinTech Week, Securities Futures Commission (“SFC”) CEO Ashley Alder said the SFC will publish a new regulatory framework that would allow it to regulate virtual asset trading platforms. In a highly anticipated keynote speech at Asia’s largest global financial technology conference, Alder noted the new regulations will…
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Opinion | Crisis in Lebanon Highlights Benefits of Digital Currencies
The imminent economic collapse in Lebanon which the Lebanese Central Bank Governor has warned of may be averted as Prime Minister Saad Hariri announced his resignation amid the country’s largest protests in 15 years. These protests were in response to Hariri’s government announcing austerity measures which included a tax on WhatsApp calls. Protesters demanding Hariri’s…
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Opinion | China Moving Full Speed Ahead with Digital Currency and Regulating Blockchain
While many other countries have been taking a back seat and waiting to decide how exactly they should approach blockchain technology, China has been proactively exploring its application in decentralized finance. This week China announced a certification system to regulate a broad range of fintech products. China is clearly priming itself to become a leader…
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Food suppliers are adopting tech to meet growing demand for food safety
Startups are aiming to apply blockchain technology to help everyday consumers track the meat they buy at supermarkets back to the source.
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Security Token Offerings — The What and the Why, Vol. 3: How are Security Tokens Created as a Matter of Law?
If I buy a token in an asset-based security token offering, will I own a piece of the property? Am I tokenizing the asset? No. Let’s take real estate as an example. Tokenising the underlying real estate would require tokenization of the Land Registry. This is not what happens. You will most likely own an…
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Harnessing Blockchain’s Potential to Eradicate Modern Slavery
An estimated 40.3 million people in the world are being forced to work against their will, trapped in modern slavery. But instead of locks and chains holding these people captive, today they are being held by debts that are impossible to pay off, threats of violence and withholding of documents such as passports, visas and…
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Opinion | Brexit Uncertainty Triggers Forex Shifts
Facing mounting uncertainty surrounding Britain’s looming departure from the European Union, the British pound has experienced a period of considerable turbulence. As is commonplace with fiat currencies, political events often have a substantial impact on the value of the pound sterling (GBP). Recent developments in British politics are no exception. Recently on Sept. 24, the…
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Opinion | How ForEx Volatility Can Exacerbate The Fallout From Climate Events and Natural Disasters
There are a multitude of factors that influence the value of currencies –- from rising political tensions, wars, major economic policy announcements, civil upheaval, and foreign trade to confidence in government. One consideration which is often overlooked is the potential effect of natural disasters. Floods, tornados, wildfires, earthquakes, and hurricanes not only put a country’s…
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Making it Rain in Bahrain – Joseph Dallago talks Cryptocurrency in the Middle East
What is the world of cryptocurrency like in the Middle East? How does it differ from other markets, and what challenges and opportunities arise from dealing with the industry in that region? Forkast.News Editor-in-Chief Angie Lau sits down with Joseph Dallago, Co-Founder and CEO of Rain, the first Bahrain-based digital currency exchange, in order to…