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Industry Insights

Discover fresh perspectives and ideas from our latest thinking.

Showing 21 to 30 of 50 posts.

State of Wyoming Approves Kraken as First SPDI
September 21st, 2020

State of Wyoming Approves Kraken as First SPDI

Cryptocurrency trading platform Kraken has become the first crypto company to receive a bank charter. This license is recognised under the federal law to operate as a bank in the United States. Under this license, Kraken will be able to offer multiple cryptocurrency-based financial services. 

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FATF Virtual Assets Red Flag Indicators
September 20th, 2020

FATF Virtual Assets Red Flag Indicators

The Financial Action Task Force (FATF) has recently published a report outlining the red flag indicators of virtual assets. This report will assist authorities in determining if virtual assets are being used for criminal activity and will also assist VASPs and other financial service providers in detecting and reporting suspicious transactions. 

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Virtual Asset Discovery, Valuation and Safeguarding - The Effect on Liquidators
September 13th, 2020

Virtual Asset Discovery, Valuation and Safeguarding - The Effect on Liquidators

Virtual assets saw an explosion in growth, in part due to the meteoric rise of initial coin offerings (ICOs) in 2017. While a small number succeeded into longer term prospects, a large number of projects are trickling down onto the client books of liquidators. This has meant a shift from some of the traditional recovery, valuation and safeguarding processes liquidators have previously been used to, due to the nature and functionality of the underlying virtual assets.

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The Fed Experiments with Distributed Ledger Technology
August 31st, 2020

The Fed Experiments with Distributed Ledger Technology

The FooWire project was conducted by the Federal Reserve Board to help evaluate the potential of technology payments. Throughout this research, the Federal Reserve Board was able to explore the application of Distributed Ledger Techonology (DLT) and better understand how organisations can leverage these systems.

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Project Ubin Phase 5: Enabling Broad Ecosystem Opportunities
August 20th, 2020

Project Ubin Phase 5: Enabling Broad Ecosystem Opportunities

Project Ubin has been a collaborative project in Singapore that explores the use of blockchain and distributed ledger technology (DLT) for clearing the settlement of payments. The 5th and final phase was the experimental phase that focused on providing value and building a foundation for the future live pilots and trials by the industry. This report addresses three key areas.

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The OCC Clarifies Authority to Provide Cryptocurrency Custody Services For Customers
August 19th, 2020

The OCC Clarifies Authority to Provide Cryptocurrency Custody Services For Customers

Both national and state banks have offered safekeeping and custody services consisting of both electronic assets and physical objects. The Office of the Comptroller of the Currency (OCC) has highlighted the importance of virtual assets and the authority required for banks to provide safekeeping for these types of assets. By providing these services banks can continue to provide the financial intermediation function they have historically played in offering payment, lending and deposit services.

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Microsoft Acquires CyberX in Bid to Enhance Security for IoT Business
August 17th, 2020

Microsoft Acquires CyberX in Bid to Enhance Security for IoT Business

Microsoft has acquired security vendor CyberX to boost IoT deployments. With this acquisition, Microsoft adds one more component to its Azure IoT security capabilities. 

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Private Funds Transparency Report
August 6th, 2020

Private Funds Transparency Report

In early 2020, the Cayman Islands Government published the Private Funds Law, 2020 for the registration of certain closed-ended funds, or private funds, with the Cayman Islands Monetary Authority (CIMA). In order to support our financial services industry, we are pleased to introduce our Private Funds Transparency Report.

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Transform Your Business into a Serial Innovator
July 18th, 2020

Transform Your Business into a Serial Innovator

Research has demonstrated that companies doubling down on innovation during downturns outperform in the long run, by using this time as an opportunity to invest and position themselves for recovery. However, to perform this successfully, articulating a clear innovation strategy is required, as well as the ability to recognise and seize the best opportunities both quickly and decisively.

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a16z Closes $515M Crypto Fund
July 8th, 2020

a16z Closes $515M Crypto Fund

a16z closes the Crypto Fund II, a $515M fund dedicated to cryptocurrency and blockchain projects, including the next generation of payments, decentralised finance, new monetisation models and decentralised internet.

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