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regulation & compliance
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regulation & compliance

central bank / CBDCChinacivilization and politicsCryptoDAOsdecentralized financegovernanceIndiamacroeconomicsMetaverse / xRregulation & compliance
·Aug. 5, 2021

Sheila Warren of the World Economic Forum on the 4th Industrial Revolution, the role of Law, Government, and DAOs, and the Creator Economy

In this conversation, we are so lucky to tap into the brilliant mind of none other than Sheila Warren who sits on the Executive Committee of the World Economic Forum and is a key member in the executive leadership of the Forum’s Centre for the Fourth Industrial Revolution (C4IR), in which she oversees strategy across the entire C4IR Network, consisting of centers in 13 countries. Sheila also holds board member and advisory positions at multiple institutions and organizations including The MIT Press (Cryptoeconomic Systems), The Organisation for Economic Co-operation and Development (OECD), NGO network TechSoup and she is a Member of The Bretton Woods Committee.

More specifically, we discuss her professional journey from small claims court to NGO Aid to refugees to corporate law to The WEF, touching on rational choice theory, corporate personhood and its correlation to the growth around ESG, new substrates, DAOs and protocols, artificial intelligence, the purpose of The World Economic Forum and its impact on governments and society alike, and just so much more!

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digital transformationeCommerceregulation & compliance
·Jun. 10, 2019

JP Morgan’s dead Neobank mistook Digital for a Channel, EOS Voice is $150MM in the wrong direction

JP Morgan just shut down its neobank competitor Finn, targeted at Millennials in a smartphone app wrapper. Several other traditional banking incumbents have similar efforts, from Wells Fargo's Greenhouse, Citizens Bank's Citizens Access, MUFG's PurePoint and Midwest BankCentre's Rising Bank, as well as most of the Europeans (e.g., RBS competition to Starling called Mettle). These banks have every advantage -- from product infrastructure, to balance sheet, to regulatory licenses, to physical footprint, to relationships with the older generation. So how is it that players like Chime, MoneyLion, Revolut, and N26 are all able to get millions of happy users and the incumbents are failing?

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artificial intelligencecentral bank / CBDCregulation & complianceroboadvisorventure capital
·Oct. 5, 2020

Is Finance asking *interesting* questions? Exploring startups, industries, and the nature of work.

This week, we look at:

  • What it means to ask questions and find answers

  • From asking simple questions that result in neobanks and roboadvisors. Who will win — Schwab or Robinhood?

  • To asking macro questions about the finance / high-tech competition. Who will win — Goldman Sachs or Google?

  • To asking profound questions about the nature of the work, and the art of finding your own questions.

We can't formulate the questions for you. But we can give you a framework of needs for both the individual, and the organization.

The questions that you ask are the answers that you will get.

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civilization and politicsdecentralized financemega bankspaytechphilosophyregulation & compliance
·Aug. 30, 2021

OnlyFans bank-forced adult content ban, its failure, and the Metaphysics of Finance

We talk about OnlyFans, and how its bank vendors pressured it to try to ban adult content, and how and why that failed. We also discuss the crypto tax provisions in the Senate version of the $1 trillion infrastructure bill, and their impracticality. These themes are tied together with a metaphysical hypothesis about the role of financial services, anchored in a discussion of the Platonic model of the mind. How are rationality, emotion, and social context involved to define the shape of our industry?

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Cryptodecentralized financeregulation & compliance
·Jul. 6, 2020

The Soviet Pyramid Scheme eating 10% of Ethereum and 50% of Paxos Stablecoin

Let me introduce you to MMM. While decentralized finance and digital asset companies bend over backwards to be customer centric and reform financial services (each in their own way), MMM is a pretender. It is a pretender that has stolen the language of the crypto economy to create a cancer in its body.

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AI
·Mar. 18, 2024

How technology is improving compliance

Companies like Hummingbird and Babel Street are successfully applying new technologies to improve the efficiency of long-cumbersome aspects of compliance.
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ewa
Fintech
·Jul. 14, 2023

State Regulation hits EWA (but is it enough?)

State regulators are stepping into action to regulate earned wage access. But the process is slow and could create a mismatch for providers.
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artificial intelligenceasset managementCryptoregulation & compliancethings that are not true
·May. 27, 2019

How the SEC is wrong about the Internet and the Bitcoin ETF

The Securities and Exchange Comission punted again on allowing a passive Bitcoin ETF to enter the market. It failed to approve the VanEck SolidX Bitcoin Trust, instead opting to open a commentary period to address several questions around Bitcoin price formation and the health of the exchanges. A similar outcome faces the Bitwise Bitcoin ETF. You can tell I am not a fan of this waffling, and there are two core reasons: (1) the years-long delay and uncertainty is responsible for financial damage to both traditional and crypto investors, and (2) the premise of the objections misunderstand the environment of the Internet and the way our world is shaping up in the 21st century.

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civilization and politicsCryptoexchanges / cap mktspaytechregulation & compliance
·Sep. 13, 2021

The principle behind Mastercard’s CipherTrace acquisition, L1 growth, and IRS getting your bank data

Paying attention is the path to seeing and doing. Mastercard has bought CipherTrace to see blockchain-based finance, to launch new businesses, and to plug in more networks into its nexus. The crypto networks proliferate at every layer, creating more computation on Ethereum, Polygon, Arbitrum, Optimism, Fantom, and Solana. The US executive seeks to see more too, asking the banks for their records of financial transactions to enforce taxation compliance.

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decentralized financeNFTs and digital objectsregulation & complianceSocial / Community
·Mar. 29, 2021

Are the NFT and DeFi markets recreating traditional human hierarchies through new social capital?

This week, we look at:

  • The fundraises of Jumio ($150MM), Feedzai ($200MM), and Chainalysis ($100MM) and the function they perform in the fintech industry

  • The nature of human competition and hierarchies, and why inequality is recreated across the various economic networks that exist

  • How the NFT markets have higher engagement than DeFi, which is more participatory than Fintech, which is more participatory than finance

  • The emergence of signalling in the crypto economy that resembles digital citizenship and social capital

Read Full Story
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