Tokens are used by their issuers to govern and control their business models and help users interact with the platform. However, different token rights, roles or features have different regulatory implications. What are they? Here is a (very simplified) summary of token functions Token Roles and Rights Categorization Business Implications Read more…
The majority of ICOs that happened earlier in 2018 and in 2017 did not use any KYC tools, and had no idea who their participants were (here we don’t count ICO pre-sales and private sales, where ICO organizers obviously had personal contacts with early contributors and knew them well). This Read more…
When I just started my consultancy business, I was approaching many great Fintechs and repeatedly got rejected. Most of the companies liked my profile and were willing to hire me as an employee. They saw compliance as a strictly in-house function and did not want to have a strange part-time Read more…
People ask me these questions over and over again, and it’s visibly (or digitally) clear how furious and annoyed they are. Their main complaint is that crypto is supposed to be the most democratizing and omni-accessible service, this is why it was created in the first place, which is why Read more…
People often ask me, which regulators or which countries are better if you want to setup Fintech business. I personally think, there is no universal answer, but there are some questions that you would want to consider. For example, if all your customers are in Germany and your team members Read more…
This was a conference very much focused on content quality and, perhaps, less on self-marketing: A relatively tight group of academic researchers, regulators, lawyers, technologists, government officials and entrepreneurs came together for a couple of days to discuss various aspects of P2P financials and of blockchain. Frankly, from the learning Read more…
Everyone who is anyone in the payments industry has already published [a very long list of…] their summaries on “what do you need to know about PSD2”. Here are my thoughts on PSD2 and its implications. Instead of boiling the ocean, I will publish a series of posts devoted to specific Read more…
1. It’s good. It’s mostly good news. The majority of its new requirements were applied by the industry participants log ago, and it gives much more flexibility to obliged parties in terms of customer due diligence and risk categorization. 2. Timing It’s original implementation was planned by June 26th 2017, Read more…