Tag: fintech

Sitharaman said crypto was a “threat as well as an opportunity” while confirming that G20 members are working toward establishing a global crypto framework. Under India’s Group of 20 (G20) presidency, active discussions around establishing a global framework for cryptocurrencies are underway, India’s Minister of Finance, Nirmala Sitharaman, said. On Aug. 28, Indian Prime Minister…

Paul Chan says that blockchain and Web3 tech will be responsible for the next big wave of growth in Hong Kong’s digital tech sector. Hong Kong’s Financial Secretary, Paul Chan Mo-po has reiterated his support for blockchain technology, calling it the next wave of “breakthrough growth” in the digital technology industry in a recent blog…

Could the convergence of decentralized financial paradigms and neobanks make a difference in the financial industry? As people become accustomed to traditional, online-only banking, crypto innovators are building decentralized solutions that could radically change everyday finance. A quick Google search of the term “neobank” will bring up the 2007–2009 crisis for a good reason. In…

The two central banks are aiming to align their financial service sectors and said both share “many complementary strengths.” Hong Kong and the United Arab Emirates’ (UAE) central banks are looking to collaborate on cryptocurrency regulations and financial technology development. On May 30, the Hong Kong Monetary Authority (HKMA) said it met with its counterparts at the…

While teaching cryptocurrency to your children, make it relatable, use examples, start simple, emphasize security, and encourage curiosity. Teaching cryptocurrency to children can be a great way to introduce them to the world of finance and technology. Here are some interactive ways one can utilize to teach cryptocurrency to children: Start with the basics and use…

The fintech industry has evolved from early adopters using technology to automate financial services to a comprehensive revolution of the financial sector. The financial technology (fintech) industry has its roots in the late 20th century, with the advent of electronic banking and online stock trading. Since then, fintech has expanded and changed over time as…