This week's news was dominated by the crypto meltdown, or more specifically, the rapid demise of stablecoin TerraUSD and its paired token Luna, which impacted the entire market.
Over $3 billion has been raised this year by initial coin offerings; Tech Crunch shares the current warnings that the market has received from regulators; some market participants report that they have spoken with with the SEC and it is expected that we will hear much more from regulators as we enter 2018. Source
The MiCA Bill was passed in April, bringing with it a possible end to the lack of clarity in European crypto but it's not all plain sailing.
The SEC's filing against Coinbase was expected, but might be the beginning of the end to their years of crypto regulation avoidance.
Congress tried to solve the problem of large businesses obtaining loans from the PPP by giving more money to smaller...
Samuel Hu, an attorney at Chapman & Cutler LLP in New York, has been an occasional contributor here at Lend...
[Editor’s note: This is a guest post from Ryan Metcalf, Head of Public Policy & Social Impact at Funding Circle.] The Paycheck...
New regulations on asset management will increase capital that institutions have to hold in China; these regulations will significantly affect bank and nonbank relationships; banks have repackaged loans and transferred them to brokerages and other lenders which eventually make their way to investors; last year these transactions totaled $3.5 trillion in off-balance sheet lending according to the Wall Street Journal; one example of a lender that has been fined is China Guangfa Bank which turned loans going sour into high yield investments. Source
Fintech leaders praised Milei's win in presidential elections, anticipating a more favorable scenario for the technology sector.