Lots of crypto news this past week with a big round from ConsenSys, a big vote in the EU and everyone wonders what Apple will do with crypto.
Passporting could increase fintech competitiveness across Europe as the UK prepares to leave the European Union; passporting would lower regulatory requirements for fintech firms in the European Union allowing them to operate more freely across Europe; it would also create greater incentive for firms to move their business to the European Union and away from London; the European Commission has launched a three month consultation period on passporting and new legislations for fintechs which will be followed with legislative proposals; on Thursday, March 23 the European Commission also published a plan for European Union financial services companies that will focus on reducing costs and increasing consumer protection. Source
New government fintech initiatives are trending across the globe and the European Commission (EC) is one of the most recent regulatory agencies to add a fintech group; the EC is the governing regulator for the European Union; it has announced a Financial Technology Task Force (FTTF) to be co-chaired by DG FISMA and DG CONNECT; the FTTF will facilitate regulatory communication in the areas of financial regulation, digital business, competition and consumer protection. Source
A comprehensive 380-page document was released that explained the policy and future legislation.
In episode four, Isabelle Castro speaks to CEO of October, Patrick de Nonneville, about the company's new investment fund.
The World Intellectual Property Organization (WIPO) and European Union are exploring a new idea around using NFTs to protect intellectual rights and prevent counterfeiting.