The Libra association in its anticipation of a 2021 launch has decided to rebrand itself and distance the initial blow back press it received. Libra will be now known or branded as Diem. The 27 member firms comprising the association...
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The financial world’s eyes were all fixed on Wall Street Banker J.P. Morgan when it announced its’ plans to launch the JPM coin in February 2019. The JPM coin is a blockchain-powered digital currency designed to facilitate lightning fast payments,...
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Regulatory Technology also known as “RegTech” is the use of cutting-edge technology to help companies address their regulatory compliance more efficiently. RegTech is maturing quickly but is still in its formative years. Today, firms appear to be scrambling to automate...
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The world’s most highly accepted benchmark reference rate is set to sunset publication as a global reference rate on December 31, 2021. For a long time, the London Inter-Bank Offered Rate (LIBOR) has been an important part of virtually every...
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In late December 2020 the U.S. Treasury Department issued a rule making proposal introducing key Know Your Customer (“KYC”) regulations that will affect certain crypto users. The proposal if it becomes law, will require U.S. crypto users transferring any of...
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The continuing rise of innovative technologies entering the world of finance has posed regulatory concern and difficulties for domestic state and federal legislators, as well as regulatory agencies. Both legislators and regulators have been accused of being behind the curve...
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Bitcoin blew through another landmark a few days ago, soaring through the $50,000 price point for the first time. Investors worldwide continue to be captivated by the blistering upward price surge in the world’s largest cryptocurrency. This last week Bitcoin...
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While the pandemic has ravaged parts of our economic fabric and taken a tragic health toll in the U.S., it is interesting to note that recent studies revealed a significant decrease in consumer debt during this health crisis. Recently appearing...
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It is undeniable that COVID-19 is one of the notable crises in human welfare in recent history. The pandemic will likely go down as the most severe public health disaster in a century. The COVID-19 pandemic has both tested our will and...
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The concept of money has changed throughout history and is now evolving toward the use of digital currencies. As we know from our history lessons early trade was facilitated not by money as we know it today, but rather by barter. The...
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