Fintech Daily Briefing

Fintech Daily Information Briefing on [December 25, 2020] is a website that focuses on future technologies, markets and user trends. We are responsible for collecting the latest research data, authority data, industry research and analysis reports. We are committed to becoming a data and report sharing platform for professionals and decision makers. At the same time, we also provide daily information briefings on financial technology. We look forward to working with you to record the development trends of today’s economy, technology, industrial chain and business model.Welcome to follow, comment and bookmark us, and hope to share the future with you, and look forward to your success with our help.

The following is the Fintech Daily Information Briefing on [December 25, 2020] recommended by And this article belongs to the classification: Fintech Daily Briefing.

[1]. SEC approves NYSE direct listing plan

On December 22, 2020, the U.S. Securities and Exchange Commission (SEC) announced that it would approve the New York Stock Exchange’s plan to allow companies to list directly on the exchange. By then, the company will be able to raise capital without having to be underwritten by many of its stock exchanges. Direct listing provides an alternative to IPO for listed companies. Direct listing sells existing shares, not new ones like IPOs. Direct listing can also bypass underwriters in the process of selling shares, thus reducing the issue cost.

[2]. Elad roisman, a supporter of cryptocurrency, elected chairman of the US SEC

Jay Clayton, chairman of the securities and Exchange Commission, left office on December 23, local time. Hester Peirce, the SEC Commissioner and “encryption mother”, tweeted that Elad roisman will take over the post of chairman of the US SEC. Peirce congratulated and looked forward to his leadership. It is reported that roisman is one of the securities and Exchange Commission’s most friendly specialists on cryptocurrency, and he has always been a strong supporter of the regulation of cryptocurrency. In 2018, foreign media reported and analyzed that if the new member, Elad roisman, and the SEC member and encryption mother, Hester M. Peirce, stand on the same front, then the voting decision on whether to pass the bitcoin ETF may appear a new pattern.

[3]. South Korea’s monetary authority issues first batch of mydata preliminary license

On December 22, 2020, the Korea Financial Services Commission (FSC) announced the issuance of mydata preliminary licenses to 21 financial institutions, financial technology enterprises and e-finance enterprises. It is reported that a total of 35 institutions have submitted their applications this time, and FSC has released the final audit results after investigating six aspects, including minimum capital requirements, data security capability, appropriateness of business plan, financial background of shareholders, qualification of board of directors and professional knowledge. In addition, FSC is also working out relevant measures to strengthen consumer protection in mydata field, and specific guidance documents are expected to be issued in February 2021.

[4]. Post brexit trade agreement between UK and EU

After months of seesaw negotiations, Britain and the European Union finally reached a “brexit” trade agreement on December 24, 2020. It is reported that the agreement not only covers trade in goods and services, but also includes investment, competition, state aid, tax transparency, air and road transport, energy and sustainability, fisheries, data protection and social security coordination. It is worth noting that professional qualifications will no longer be mutually recognized, which means that UK financial services companies will lose their EU “financial services passport”.

[5]. The total number of new regulatory members in South Korea reaches 135

On December 22, 2020, the South Korean Financial Services Commission (FSC) announced that 15 new innovative financial services have been added to the financial technology regulatory sandbox, and the total number has reached 135 since its launch on April 1, 2019. The selected service items include online food ordering, personal health assessment and insurance ordering discount, identity authentication based on facial recognition, non-contact real name authentication based on digital authentication system, online commercial insurance ordering, small business group insurance ordering, digital gift card of e-commerce platform, credit card bonus, etc.

[6]. PayPal abandons acquisition of encryption company bitgo

According to Fortune magazine, payment giant PayPal has abandoned the acquisition of encryption company bitgo, and bitgo has made new strategic adjustments. Mike belshe, bitgo’s chief executive, said bitgo would not accept a small exit at such a small valuation. Bitgo now holds more than $16 billion worth of cryptocurrency assets for its customers. PayPal declined to comment on the deal. A person close to paypal confirmed that PayPal is looking for other potential targets.

If you want to get customized information, you can contact us by leaving us the comment. If you think the information here might be helpful to others, please actively share it. If you want others to see your attitude towards this report, please actively comment and discuss it. Please stay tuned to us, we will keep updating as much as possible to record future development trends.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button