COVID-19 has highlighted adjustments to the workplace including a permanent shift towards flexibility in the workforce. By implementing practices that will cultivate the benefits of flexibility, companies can create a model that is both efficient and sustainable.
Read MoreAs the global acceptance of Central Bank Digital Currency continues to increase, there are a few key contenders representing the Caribbean central banks. Some of the notable CBDC projects in this region include:
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.
Read MoreThe 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.
Read MoreVirtual 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.
Read MoreThe 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.
Read MoreMicrosoft has acquired security vendor CyberX to boost IoT deployments. With this acquisition, Microsoft adds one more component to its Azure IoT security capabilities.
Read MoreIn 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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