Mar 14, 2017 at 11:25

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Chinese FinTech to exceed last year’s record

FinTech investments in China beat records. According to Albert Chan, managing director of China financial services at Accenture, more money is expected to go into investment services, online lending, and robo advisors. Over the last two years there has been significant growth in the Chinese market with 2016 surpassing its record in 2015. Accenture analysis found that in 2015 the country raised almost $3 billion in blockbuster deals. Analysts say, that venture capital funding is likely to continue into 2017 for the Chinese market.



Coinidol to initiate public trial of scammers

News Outlet holds a jury against Razormind. Coinidol.com, popular crypto-news portal, refused to advertise the company of a suspicious client after the lasting study into it’s reliability. In the recent article Coinidol’s team accused the decentralised operating system Razormind and particularly it’s creator, Jawad Jaqub, of stealing $10,000,000. By the time this matter is being figured out, Razormind sent $1,000 as a payment for the sponsored content. In that regard, Coinidol encourages crypto community to participate in the open vote on whether to return this money or to send them to the charity fund. The vote will end on Friday, March 17 and the results are expected to be published on Coinidol.com Monday.



Arab Emirates and Singapore signed FinTech agreement

The world's Fintech centers announced the cooperation. The Monetary Authority of Singapore and the Abu Dhabi Global Market signed a partnership cooperation agreement aimed to develop innovations and improving the business environment of fintech in both countries. It is planned to create conditions to assist start-ups and innovative projects, assisting them with filing applications and authorizing processes during this cooperation. In addition technology will explore the distributed registers, digital and mobile payment methods. FinTech chief of The Monetary Authority of Singapore Sopnendu Mohanty noted: “The Agreement will open up new avenues and create opportunities for FinTech firms in Singapore and Abu Dhabi looking to expand into each other’s markets”.



New Hampshire has softened the regulation of cryptocurrency

New Hampshire enacted a cryptocurrency-related law. The House of Representatives voted to facilitate the regulation of remittances in the cryptocurrency. The bill 436 sponsored by bitcoin activists Barbara Biggie and Keith Ammon, exempts individuals and companies that use virtual currency for the transfer of funds, from having to register as a company providing money transfer services. The drafts will come to force in 60 days, after sign by the governor of the state Chris Sununu.