We also suggested the clock was ticking until a similar investigation outed alleged eyebrow-raising practices at Binance. There’s zero true insight into Binance’s activities, so speculation has been a professional sport for some pundits this year.
This scrutiny and skepticism is a natural result of pretending crypto doesn’t exist in the U.S., pushing companies offshore and into the regulatory wilderness. Americans will just use VPNs to transact and be vulnerable to bad actors thriving without real liability.
Until legitimate oversight and effective and fair regulation are in place, the fraud flood can continue unabated, and industry growth will be hamstrung.
From Fintech Nexus
Global Reputation matters for on-chain lending By Isabelle Castro Margaroli While DeFi, could be powerful in improving lending, it has collateral limitations that on-chain reputation could solve.
Global: Interoperability is key to unlocking the potential of CBDCs Central bank digital currencies (CBDCs) promise enormous potential for establishing a more dynamic and modern global financial infrastructure underpinned by blockchain technology. But as with any innovation, they must be designed prudently with interoperability in mind.
Europe: Klarna introduces credit opt-outs Klarna has updated its app to provide budget-conscious Brits with a tool to opt out of taking on more debt and called on credit card companies and other providers to follow suit.
USA: SoLo Funds faces a new consent order in Connecticut Earlier this month, the Office of the Attorney General (OAG) of the District of Columbia (DC) and the California Department of Financial Protection and Innovation (DFPI) penalized SoLo Funds for breaching a number of consumer protection laws and operating without required licenses.
John has been in communications since graduating from Creative Communications at Red River College Polytechnic in Winnipeg in 1992. He launched one of Canada's first digital-only local news sites called Winnipeg First in 2007, which led to digital editor postings with the Winnipeg Free Press and Edmonton Journal. In 2012 he joined Bankless Times as managing editor, later becoming president and CEO. He and the Bankless Media co-founders completed a sale and exit in August 2021.