Category Archives: conference

Auto Added by WPeMatico

Inclusion of Pro-Blockchain Gibraltar Minister in DC Panel Positive Sign for US Regulation

The Gibraltar Minister for Commerce, Albert Isola, has urged the DC Fintech Week panel to ”collectively strive towards fintech excellence” while sharing his views on regulatory competition in the blockchain industry. The inclusion of a well-known pro-blockchain speaker on the mainstream panel discussion is a promising indicator for the future of the technology in the US, as Isola shared ideas of regulation surrounding the nascent industry.

Visiting upon invitation, Isola discussed his experiences and ideas regarding regulatory competition, including that relevant to his expertise in blockchain. The minister participated in a panel discussion at the second annual DC Fintech Week entitled ‘Making or Taking Innovation?, Regulatory Competition and the Race for Fintech Dominance’, with an audience comprising of academics, lawmakers, policymakers and regulators.

Isola said that his participation gave Gibraltar a chance to prove its ambitions on the global stage as a leader in shaping blockchain regulation, adding, ”As ever, Gibraltar continues to punch above its weight, and is fast becoming an assertive voice in an increasingly noisy space.”

The panel was joined by a number of experts from the fintech and cybersecurity sectors, including Peter Kerstens, Co-Chair of European Commission Fintech Taskforce, and Sharon Yang, Deputy Assistant Secretary for International Financial Markets at the US Treasury.

The Gibraltan minister frequently acts as a spokesman for the country’s progressive blockchain and cryptocurrency policies, participating in conferences globally to share the concepts that have fostered the industries internally. Gibraltar remains in competition with its fellow European nation of Malta to gain status as the most crypto-friendly country in the region.

The US Securities and Exchange Commission has been a critic of the cryptocurrency industry, with the US generally failing to be recognized as a hospitable nation for blockchain start-ups.

 

Follow BitcoinNews.com on Twitter: @bitcoinnewscom

Telegram Alerts from BitcoinNews.com: https://t.me/bconews

Want to advertise or get published on BitcoinNews.com? – View our Media Kit PDF here.

Image Courtesy: Pixabay

The post Inclusion of Pro-Blockchain Gibraltar Minister in DC Panel Positive Sign for US Regulation appeared first on BitcoinNews.com.

Abu Dhabi Regulator Wants Internationally Standardized Crypto Regulation

Abu Dhabi’s head financial regulator has called for internationally standardized regulations for cryptocurrencies in order to prevent both criminal activities and their negative impacts on the image of virtual currencies.

Richard Teng, head of the Financial Services Regulatory Authority of the Abu Dhabi Global Market (ADGM) spoke at the country’s fintech event this week where he detailed the necessity for increased regulation of the space.

“This space needs to be properly regulated, otherwise there is the risk of financial crime… Every time a coin gets stolen or lost, it affects the confidence in this asset class,” Teng shared with the audience.

He continued, saying that he has full confidence in the country’s own ”comprehensive regime.” By sharing Abu Dhabi’s experience with global regulators including the US Securities and Exchange Commission, he hopes to bring a stronger trust in cryptocurrency to investors and governments alike.

International AML Laws Coming

Teng’s sentiment is popular among international regulatory leaders. On Wednesday, the Financial Action Task Force (FATF) announced that they are a step closer to establishing global anti-money laundering (AML) policies for cryptocurrencies, with a FATF plenary scheduled in October.

During this discussion period, the task force consisting of 35 member jurisdictions and 2 regional organizations hope to agree upon what existing standards need to be adjusted in relation to cryptocurrencies, and what action the states need to take to uphold this.

The agency’s president Marshall Billingslea echoed Teng’s opinions in saying that the standards need to be applied in an internationally standardized way. Billingslea described the current AML policies as ”very much a patchwork quilt or spotty process” which leaves major vulnerabilities in financial systems on an international and state scale.

Follow BitcoinNews.com on Twitter: @BitcoinNewsCom

Telegram Alerts from BitcoinNews.com: https://t.me/bconews

Want to advertise or get published on BitcoinNews.com? – View our Media Kit PDF here.

Image Courtesy: Pixabay

The post Abu Dhabi Regulator Wants Internationally Standardized Crypto Regulation appeared first on BitcoinNews.com.

Ripple Books Bill Clinton for Keynote Speech at Fall Conference

Global payment blockchain solution Ripple has managed to secure former US President Bill Clinton as a speaker for its autumn technology conference, Swell.

Clinton is set to deliver a keynote speech followed by a Q&A at the San Francisco event on 1 October, as outlined in a blog post from Ripple on Tuesday. The post commends Clinton on his handling of the internet phenomenon during his time in office, as well his endeavors to make technology accessible for underprivileged communities internationally.

Comparing the current period of technological advancements with that of the 1990s ushered by Clinton, Ripple cites his credentials as valuable for interpreting the climate of today which requires a similar ability to balance risk prevention without stifling innovation.

Clinton received a physical Bitcoin from entrepreneur Matt Roszak back in 2016, although his wife Hillary Clinton refused to accept campaign donations made with Bitcoin during her two presidential runs.

Swell will be moderated by Gene Sperling who served as the National Economic Council Director and Adviser for Clinton as well as former President Barack Obama.

Crypto and politics coming to head

As politicians globally have begun demanding some form of regulatory control over the cryptocurrency industry, politics has drawn much closer to the field over the year. While in the US, the Securities and Exchange Commission is tightening its stance on ICOs and has even employed its first ‘crypto czar‘, companies themselves serving the industry are becoming more politically active.

Recent documents show Coinbase as the first of its kind to form its own political action committee (PAC), which would allow the exchange to donate to candidates in the US running for public office that accept crypto donations. As of yet, the PAC has listed no affiliations or lodged any donations, nor did it wish to respond to press requests for comment.

It will be interesting to see in the future if the industry may develop political power via these crypto-friendly PACs.

 

Follow BitcoinNews.com on Twitter at https://twitter.com/bitcoinnewscom

Telegram Alerts from BitcoinNews.com at https://t.me/bconews

Image Courtesy: Pixabay

The post Ripple Books Bill Clinton for Keynote Speech at Fall Conference appeared first on BitcoinNews.com.