*October 2017 has been an innovative month for the Cayman Islands. Therefore, we are ready to reveal the governmental initiatives that will transform doing financial business in this country.* First of all, we should mention the new AML/CTF country whitelist. What is the main point of this **legal change**? Business registered in the **Cayman Islands** will now be spared of the long and comp...

...each. There is a point of view, that after the last Chinese elections, XI Jinping, who was re-elected as the President and General Secretary of the Communist party, may implement changes in cryptocurrency regulations. He is a recognized advocate for innovations on financial market and it is possible that under his supervision government will re-enable **Bitcoin exchanges** and other banned activit...

...ompany that deals with the financial matters is looking forward to use the newest technologies in their activities. **Gibraltar** is not an exception and its Minister of Commerce, Albert Isola, went on a trip with a delegation regarding the plans on innovations. **Hong Kong Fintech Week** is an event where major financial service representatives from all over the world gather to discuss their c...

...to develop the trading industry that is already one of the strongest in China. This can be seen, every part of the plan will require hard work, investments and upgrades in every field. However, this is supposed to make China a bridgehead in trade innovations, bilateral investments and new businesses promotion. The income increase forecast is very positive, therefore, if you plan to open a brand...

...on on adding cryptocurrency services to their scope. Moreover, the CEO of the Citigroup Bank, one of the most respectable businessmen in the world, claims that some governments are ready to create their own currencies to meet the demands of evolving innovations. Not only the Citigroup speaks positively about the Bitcoin, but also other major banks in countries like China, Russia, Japan and others....

...-laundering and terrorism financing, virtual currencies are not distinguished separately. All rules of the AML/CFT policy apply the same way as for money and virtual currencies. Singapore took up an interesting position: this jurisdiction accepts innovations and helps them to develop, and at the same time makes sure that illegal actions using these innovations are limited and reversed. Furth...

...e a top jurisdiction for these businesses. 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**.

...ble for the whole Fintech community. Responsible regulators of both jurisdictions, The Gibraltar Financial Services Commission and the Hong Kong Insurance Authority, officially pledged to cooperate and share information, experience and developing innovations in this sector. Official representative of The Gibraltar Financial Service Commission highlighted that **Gibraltar government was the f...