Author: Lucas Peterson
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New Debit Cards: Weko Takes A Look At The Beautiful Fintech World!
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Swiss banks are wooing customers with fee-free and digitally-enabled debit cards. But it’s the merchants who are footing the bill. The Competition Commission is now opening a formal investigation against each card giant, Visa and Mastercard.
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What Germany’s Hunt For Crypto Tax Evaders Means For Austria!
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As has already become known, the tax authorities in the German state of North Rhine-Westphalia want to uncover possible tax evasion cases in the crypto sector. To this end, it has requested information on investors who traded on the crypto exchange Bitcoin.de between 2015 and 2017.
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Binance With Regulatory Headache in Germany and Austria!
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This week, Binance, the world’s largest crypto asset trading exchange, withdrew its license application to the FMA. Moreover, the German BaFin is allegedly reluctant to authorize Binance as a crypto custodian. Recently, the company withdrew from the Netherlands and Cyprus due do regulatory issues. In the U.S. Binance is faced…
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Wirecard Insolvency Administrator Considers Forgeries Proven!
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Michael Jaffé has tried to trace the disappearance of €1.9 billion at Wirecard. He found no evidence of corresponding transactions. In a status report, he comes to a clear conclusion. According to new findings by insolvency administrator Michael Jaffé, Wirecard’s business with alleged partners in Asia was wholly fabricated.
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Former CFTC Chairman Says U.S. Crypto Turmoil Could Be A Boon For Asia!
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Former CFTC Chairman Chris Giancarlo shared his observations on U.S. policy and its potential impact on the Asia-Pacific region in a tweet from Tokyo. He highlighted the Japan Times headline, “Crypto tumult in the U.S. might be a boon for Japan,” referring to the ongoing court cases between the SEC…
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German Court Issued Arrest Warrant Against Ex-Steinhoff Boss!
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You may know Steinhof through Fraser Perring, because his group Viceroy Research was decisive for the company’s downfall! A German court has issued an arrest warrant against Markus Jooste, the former CEO of the Steinhoff furniture group, formerly the parent company of the now-insolvent Kika and Leiner furniture chains in…
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Finally, Wallstreet Starts To Embrace Cryptos!
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Blackrock has broken the ice. The world’s largest asset manager wants to launch a spot Bitcoin ETF. Now some of the world’s biggest investment houses are following suit with their crypto plans.
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Swiss Crypto Affair: Proceedings Against Ex-Special Investigator Peter Marti Ended!
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Peter Marti can breathe a sigh of relief: The criminal proceedings against him, for example, for abuse of office, have been dropped. The former Swiss special investigator of the federal government evidently does not have to fear any charges. Criminal proceedings against him have been dropped. The decision still needs…
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Forget The U.S. Fed; Hong Kong And China Will Initiate The Next Crypto Bull Market!
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In early 2023, many crypto experts predicted that a move by the U.S. Federal Reserve (FED) to lift the U.S. debt limit could trigger the next big crypto bull run. As the U.S. ramps up regulatory pressure on cryptocurrencies, China has become the likely bull market leader. All attention is…
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Bundesbank Board Member Würmeling: The Fintech Industry Has Entered A Downward Spiral.
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Joachim Würmeling explains the low-interest rate turnaround, among other things. He believes that the Bundesbank and BaFin still have some catching up regarding supervision. The German fintech industry has had a real crisis year, with bankruptcies, layoffs and reduced company valuations, he explained.