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Blockchain is all around us. Even though some people claimed that this technology was nothing more than a passing trend when it first arrived to the market, it’s become clear at this point that this is far from the case. In fact, we’ve already seen some amazing implementations of blockchain in sectors outside of finance, and it’s interesting to th...
29 October 2019
With all the different implementations of blockchain all around us, it’s easy to see how the technology has a strong potential for the future, and why everyone is paying so much attention to it. Sure, it has its limitations and it’s not without its flaws. But when used right, it can address a large range of issues that are normally quite difficul...
28 October 2019
It took some 200 years for traditional finance to become global and mature. What about crypto, where is it at? The hype wave has settled down, the fog dispersed and now we find ourselves in a trough of disillusionment. In the last couple of years, crypto was in its first stage — everybody was astonished by the working technology per se. Now we’ve ...
21 October 2019
Carlo R.W. De Meijer Owner and Economist at MIFSA
In my last blog about Gartner and Blockchain I mentioned the importance of the role of CIOs. They are supposed to play a leading role in determining if this technology could be of use for their business. Great question is: are CIOs already prepared for that role. In this blog I will sum up ten commandments for them that should be prerequisites for...
17 October 2019
The life insurance sector is currently being affected by technological disruption, as new digital technologies force insurance firms to either adapt and change the way they interact with their customers or fall behind the competition. Advancements in technology and changing customer preferences are driving this disruption. Customers now expert a mo...
15 October 2019
Bill Sheridan Managin Director for Tax Solutions at IHS Markit
The IRS has been broadcasting for several months that cryptocurrency tax guidance was coming soon and even as late as the end of last week IRS officials at an American Bar Association meeting were saying “very soon.” The IRS has finally issued new FAQs and Rev. Rul. 2019-24 providing much-needed crypto tax guidance. For financial intermediaries, ...
On-demand taxi services are one of the biggest and smoothest running technology business models. The next biggest is the online food ordering and food delivery industry. These industries are rapidly growing and evolving because of the low initial capital expenses and variety of niches new startups can fill. However, they have a long way to go. Let...
Konstantin Rabin Head of Marketing at Kontomatik
The world has been embroiled in a serious discussion about whether or not digitized fiat currency should exist in various countries. The argument was pushed when China first announced it would be making its own version of digital currency in order to somehow combat Libra, but there may be other implications as well. Things such as easier distribut...
09 October 2019 /regulation
This week, three major regulated financial firms (PayPal, MasterCard, Visa) all reportedly are getting cold feet about their participation in the Libra Association project. Can anyone really be suprised after last month's policy moves? Consider: --As noted in this analysis on Medium over the summer, the revenue streams for the Libra Association r...
04 October 2019 /regulation
At the beginning of the week, a Securities and Exchange Commission (SEC) enforcement action generated attention mostly by levying a large fine ($24 million) in the Initial Coin Offering (ICO) sector. Many shrugged, seeing this as another example of regulatory hostility to cryptocurrency. The reality is more nuanced. The complaint itself is remar...
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