A Future of Finance Webinar with financial service professionals, technology companies, regulators and policy makers Thursday February 24 at 2pm UK time The costs of financial crime are staggeringly high. The financial crime compliance officers that responded to a LexisNexis Risk Solutions survey of financial institutions in 26 markets around the world said they spentContinue reading “It is time to stop wasting money on a failed and broken approach to defeating financial crime (24 February 2022)”
Tag Archives: Regulation
The midshore financial centre that is becoming the digital assets capital of Asia
The midshore financial centre that is becoming the digital assets capital of Asia There are offshore financial centres and there are onshore financial centres. And there is the Labuan International Business and Financial Centre (IBFC) in eastern Malaysia, which styles itself as a “midshore” financial centre. The neologism is well-chosen, for the IBFC enjoys aContinue reading “The midshore financial centre that is becoming the digital assets capital of Asia”
Go to Liechtenstein and use the Blockchain Law
The principality of Liechtenstein provides the most welcoming environment on the planet for the entrepreneurs of the token economy. Thomas Nägele, managing partner at the Nägele law firm in Vaduz and a software developer as well as a lawyer, was a member of the government working party that drafted the Liechtenstein Trusted Technology Law (TVTG) or Blockchain Act.
The Liechtenstein law that is actualizing the dream of the token economy
Liechtenstein was the first jurisdiction in the world to pass a comprehensive law on tokenization. When the Token and Trustworthy Technology Service Provider Act (TVTG) became law on 1 January 2020, it became possible for issuers to tokenize any asset that exists in the physical world – from real estate, through precious metals and collectibles, to securities such as equities and bonds – with the comfort of legal certainty.
Who benefits from DeFi and who does not.
Loretta regularly advises a number of global organisations on responsible adoption of blockchain technology across policy makers, governments and industry.Loretta is the fintech and regulatory consultant to the Government of Bermuda, Antigua/Barbuda, Serbia and the Premier office of South Australia. Loretta is the consultant to the Financial Services Commission Of Mauritius.