How open banking can transform the financial industry Authored by: Pascal Hügli As the saying goes, “What goes up must come down.” In this case, the ‘what’ are the stock prices of Swiss full-service banks like UBS and Credit Suisse, which are down 50 to 80 percent since the 2008 financial crisis. The plight of these … Continue reading The Future of Banking
By Zhazira Dyussembekova in Business ASTANA – In the midst of the worldwide blockchain and cryptocurrencies craze, Kazakhstan has realised the relevancy of the trend like never before. In mid-November, the Blockchain and Cryptocurrency Association applied for state registration as a legal entity to promote the technology’s ideas and draft legislation in the field. The … Continue reading Kazakh organisations form Blockchain and Cryptocurrency Association
Its range of applications in commerce, finance and potentially politics continues to widen, and that has triggered a debate around how to regulate the tool By Vasilis Kostakis, Primavera de Filippi and Wolfgang Drechsler The headlong pace of technological change produces giant leaps forward in knowledge, innovation, new possibilities and, almost inevitably, legal problems. That’s … Continue reading Blockchain
China closes in on bitcoin Chinese bitcoin trading platforms risk closure if they breach new virtual currency "money laundering" controls as Beijing steps up efforts to curb the flow of capital offshore By AFP Chinese bitcoin trading platforms risk closure if they breach new controls on the virtual currency, the central bank said Thursday, … Continue reading Bitcoin News – China
