Fintech Toolkit: Smart Regulatory and Market Approaches to Fintech Innovation

Fintech is re-shaping the financial sector at an unprecedented pace and driving structural changes by digital transformation. Fintech can stimulate competition and product variety and generate positive outcomes for societies and economies. Capturing these upsides, however, requires adequate regulatory responses to Fintech innovation. An enabling FinTech ecosystem needs to support innovation balanced with financial inclusion, […]

Digital Asset Market Evolution

Throughout history, evolving markets were subject to evolution and de-evolution cycles. The nascent market for digital assets is no exception. Since its inception in 2009, the rapid proliferation of the digital asset market in 2016-18 was followed by significant downward corrections in 2018-19 (called the “crypto winter”). Digital assets cover all types of virtual and […]

Seven Disclosure Recommendations for Cryptocurrency and Utility Token Issuers

In 2017/18, the total market capitalization of cryptocurrency markets reached all-time highs. At the same time, certain projects like BitConnect made their name as one of the most prominent ICO scams. Therefore, a stain remains on the digital asset industry from the accumulation of failed projects and subpar investment returns since the peak of the […]

Efficient Cyber Risk: Security and Competition in Financial Markets

In recent years, hackers have imposed additional costs to financial infrastructure providers through data theft and service disruptions, leading to losses for both institutions and clients alike. Are institutions reacting appropriately to these threats? How should their clients respond? Most importantly, at what cost? Crime in the Digital World In March of 2017, Equifax—one of […]

How Much Good Could FinTech Do, If FinTech Could Do Good?

Courtesy of Bryane Michael Financial technology (or FinTech) represents the corporate social responsibility of the 2010s. The very name increasingly represents something wholesome: reshaping social impact and promoting FinTech4Good, and stepping up to tackle the challenges caused by the COVID-19 crisis. Yet, just like the corporate social responsibility (CSR) wave of the 1990s and the […]

Auditing Crypto-Financing

Courtesy of Vanessa Villanueva Collao and Verity Winship Distrust in traditional intermediaries after the financial crisis incentivized the crypto community to develop private coinage and to allow different applications (software platforms) to function as a vehicle for funding startups through the Initial Coin Offering (ICO) process. The self-executing nature of smart-contracts enabled decentralization and promised […]

The Virtual Commodity Association and the Uphill Battle for Cryptocurrency Self-Regulation

Courtesy of Katarina Weessies In March of 2018, Cameron and Tyler Winklevoss proposed the Virtual Commodity Association (VCA), a self-regulatory organization, or SRO, meant to make the cryptocurrency industry more “safe and secure.” An SRO is “a nongovernmental organization that is statutorily empowered to regulate its members by adopting and enforcing rules of conduct.” The […]

How Cryptocurrencies Should Be Regulated as Non-Sovereign Fiat Currencies

Courtesy of J.S. Nelson As Facebook’s Libra, despite hiccups, may have 2.4 billion users a month transacting for goods and services by later this year, the question of how cryptocurrencies should be regulated is taking on pressing importance. My forthcoming article, “Cryptocommunity Currencies,” argues—first, that cryptocurrencies should be regulated; second, that they should be regulated […]

Ripple Effects: How Ongoing Litigation Could Signal the Beginning of the End For the Payments Platform

Courtesy of Lindsay Martin Founded in 2012, Ripple sought to revolutionize global payments using blockchain technology and digital assets. Members of the Ripple network can quickly transfer funds to other members of the network in a secure, real-time settlement process. Ripple’s native currency is XRP, and members of the Ripple network can transfer XRP to […]

The Rise of Rent-a-Charter: Examining New Risks Behind Bank-Fintech Partnerships

Courtesy of Joseph Caputo and Lee Reiners The emergence of fintech lending – also called marketplace lending or peer-to-peer lending – and its interplay with the United States’ fragmented financial regulatory system, has given rise to a niche market of mid-size banks that cater to nonbank fintech lenders. While these banks may provide their fintech […]