The Swiss financial regulator has issued fresh guidelines for fintech startups, giving leeway to licensees to accept up to CHF100 million ($100.1 million) in public deposits, in a radical move designed to boost innovation in the sector.
CEZA, which operates the Philippine government-owned Cagayan Special Economic Zone (CSEZ), expects to receive as much as $68 million in licensing revenue, with 17 firms already having paid in full to be licensed to operate cryptocurrency businesses there.
The government of Bermuda is making amendments to its Banking Act, which will pave the way for a new class of banks that will cater fintech and blockchain companies in the British overseas territory.
Valerie Szczepanik has been appointed to the position of associate director of the Division of Corporation Finance and will also be the senior advisor for Digital assets and Innovation.
The U.S. Securities and Exchange Commission will hold an investor conference at Georgia State University on June 13, and topics from cryptocurrencies to FinTech will be open to discussion.
SB 838 seeks to allow blockchain to be used in a corporation’s articles of incorporation, and would be an initiation of the decentralized technology into California.
With the legislation, Mexico is one of a handful of countries that has taken an official position regarding cryptocurrency.
