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The following is the Fintech Daily Information Briefing on [December 31, 2020] recommended by recordtrend.com. And this article belongs to the classification: Fintech Daily Briefing.
[1]. German business software giant SAP splits its subsidiary qualtrics to list in US stock market
Sap, a German business software giant, submitted IPO documents to the US Securities and Exchange Commission, listing qualtrics, its online research and cloud services software subsidiary, as an independent company. Qualtrics will trade on NASDAQ under the stock code XM. Initial pricing ranges from $20 to $24 per share, and qualtrics will be valued at between $12 billion and $14.4 billion.
[2]. Dubai chamber of Commerce and industry releases eight guidelines for enterprise development
On December 30, 2020, Dubai startup hub of Dubai chamber of Commerce and Industry issued eight guidelines for the development of start-ups. It is reported that the guide provides industry statistics, business opportunity analysis and regulatory laws and regulations in eight aspects, including financial technology, health care, transportation, education, catering, social impact, sustainability and tourism reception services. In addition, the guide also provides a list of completed business incubators and accelerators, as well as a list of related industry conference activities. Founded in 2016, Dubai Venture Center is the first venture development support project in the Middle East and North Africa region. Through market access plan, venture development plan, Venture Competition and other activities, it helps venture to explore opportunities and promote the development of innovation economy in the region.
[3]. The government of Serbia legalizes the trading and distribution of digital assets
The government of Serbia will allow the issuance and trading of digital assets and related services in accordance with the law that came into effect on December 29. According to reports, the draft digital assets law was announced in October and passed by legislators in late November. The law came into effect on Tuesday after it was published in the Official Gazette and will be implemented in six months. Under the new law, digital asset service providers in Serbia can operate “with the permission of regulators”. The Securities Commission of Serbia and the National Bank of Serbia (NBS) are responsible for the regulation and application of the law.
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