...ooperation. Gibraltar is the member of this week for the first time. Delegation represented desire for this jurisdiction to move into the Fintech sector. The majority of the Albert Isola delegation were businessmen, executives, investors and even financial regulators. They performed a number of meetings and a reception to make some crucial agreements on the future deals. Gibraltar Fintech Offer...
Path: BlogWe have already informed you regarding the latest **Chinese website restrictions** that occurred due to lack of information towards the financial regulator. Soon after the government **banned Bitcoin and other cryptocurrency exchanges**, followed by the bans of other trade platforms. It affected all FX and trading platforms without ICP certificates. Trading community stated that the access to...
Path: BlogThe New Year has already brought the new regulations and rules in the international business world. We decided to start from the new rules in **Gibraltar**. The main financial regulator of this country, Gibraltar Financial Services Commission, announced new obligation for the companies using distributed ledger technology for storing or transferring values that belong to others. Currently, **...
Path: Blog...n the field of financial instruments makes regulators think of more and more universal types of acts and laws. Many international documents also have requirements for the counter-financing of terrorism and anti-money laundering policies. This puts financial regulators in the position where they should decide whether **digital currencies** are according to the legislation or they should be banned...
Path: BlogEven though the financial regulators of **Bermuda** had extensive plans regarding the **tax reform**, a lot has changed since then. Previously, we informed our readers about the implementation of a general service tax, however, it is dismissed from now on. The 2018\19 pre-budget report declares **tax amnesty** in controversy to the old plans. This amnesty will consist of a cancellation of la...
Path: Blog...urchaser. Considering this, FINMA, classifies both, utility and access tokens, as securities. This implies that the requirements for them are stricter than for payment tokens. However, the authority still controls all three types. The European financial regulators community still does not have a unified position about cryptocurrencies, blockchain and ICO. For the time being, Switzerland is a...
Path: Blog...unt information about **foreign tax residents**. The British Virgin Islands International Tax Authority reminded institutions, holding overdue reports not only for 2017 but also for 2016 about the consequences of being fined. Furthermore, the BVI financial regulator assures to be even more informative for institutions that are subjected to these regulations. Requirements for the CRS reports and...
Path: Blog...s. Representative of the Cayman Finance stated that development of the blockchain and other fintech business branches currently stands for a number one priority in 2018. **Cayman could become a great place for innovations and representatives of the financial regulator consider this as a very credible outcome**.
Path: Blog...tor wants to establish a two-way working relationship with FinTech and RegTech developments.** Regulatory and financial technologies initiatives have been spreading across the globe over the past few years. In late July of 2018, the main Cyprus financial regulator, the **Cyprus Securities and Exchange Commission (CySEC), announced that it would also be creating an Innovation Hub**. The reg...
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