Online platforms offering wealth management services and delivering faster customer growth, cheaper cost structures, and superior innovation, command a significant market premium, threatening the market dominance of traditional players, according to a report by Boston Consulting Group (BCG). The 22nd edition of the annual report on the global wealth management …
Read More »Mastercard Plans to Hire 500 Young Professionals in Crypto, Open Banking
Mastercard said it will hire more than 500 young professionals this year as it expands its data and services unit, an effort that will include launching consulting practices focused on crypto currencies and open banking. The payments giant will also develop a consulting practice focused on environmental, social and governance …
Read More »Global Blockchain Funding Rises by 713% YoY to $25.2 Billion in 2021
Total global blockchain funding in 2021 was up by 713% to hit $25.2 billion from the previous year’s, a report by CB Insight has shown. The report titled, State of Blockchain, analyses the global data and analysis on dealmaking, funding and exit by private market Blockchain companies last year. According to …
Read More »India Legalizes Crypto, Unveils 30% Tax on Sale of Digital Assets
India announced plans to begin taxing income from digital assets on Tuesday, while also setting out plans for the launch of its own digital currency. The Indian government unveiled a tax of 30% on the sale of crypto assets in a move that brings more clarity to the regulatory and …
Read More »FBI Joins Probe into South African Crypto Firm MTI
US investigators have joined an investigation into Mirror Trading International MTI, seen as 2020’s biggest cryptocurrency scam, to help liquidators of the South African scheme recover the assets of out-of-pocket investors. MTI, which in November said it had 260 000 members around the world and 23 000 bitcoin now worth about R12.7-billion, …
Read More »SEC, CBN in Talks on Crypto Market Regulation
The Securities and Exchange Commission (SEC) has said it is in discussion with the Central Bank of Nigeria on how to better understand and regulate the crypto currency market in the country. SEC said on Thursday that it would continue to engage players in the financial technology space and support …
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