Fintech Daily Briefing

Fintech Daily Information Briefing on [October 26, 2021]

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The following is the Fintech Daily Information Briefing on [October 26, 2021] recommended by recordtrend.com. And this article belongs to the classification: Fintech Daily Briefing.

[1]. The UK announced its strategy to achieve net zero emissions by 2050

The British government announced the “net zero strategy” on its official website on the 19th, and said that the strategy not only represents environmental transformation, but also represents important economic change. According to the “net zero strategy”, the UK will create 440000 jobs for the green industry by 2030 and release up to £ 90 billion of investment by 2030 to achieve the goal of net zero emissions by 2050.

[2]. The US Securities Regulatory Commission is expected to obtain regulatory power to stabilize the currency

In the debate on how to regulate a stable currency by U.S. regulators, the U.S. Securities and Exchange Commission (SEC) gained an advantage, clearing the way for the SEC to regulate a stable currency. People familiar with the matter said that the U.S. Treasury and other agencies will clearly point out in a report that the SEC has significant power over tokens such as tether, which is expected to be released this week. A person familiar with the matter said that the report would also urge Congress to pass legislation specifying that the supervision of tokens should be similar to bank deposits.

[3]. India’s online tax filing platform clear received US $75 million in round C financing

Recently, India’s online tax filing service platform clear announced that it had obtained a round C financing of US $75 million. This financing is led by KORA capital and invested by alua capital, think investments and some existing investors. After this round of financing, the valuation of clear reached between us $700 million and US $750 million. It is reported that clear will use this fund to accelerate its expansion into the B2B credit and payment field and enter the international market. Stripe, a financial technology service provider, also participated in the financing, which is also the company’s first investment in India.

[4]. BIS plans to launch Asian green Bond Fund

On October 21, 2021, the bank for International Settlements (BIS) announced that it would cooperate with the development financing community to develop an Asian green bond fund. The fund will provide a channel for global central banks to invest in high-quality bonds issued by sovereign states, supranational and enterprises that meet strict international green standards. The fund will work closely with the Asian Development Bank (ADB), other development financial institutions and other issuers. The Asian green bond fund of the bank for international settlements will be launched in early 2022 and will complement the two green bond funds launched by the bank for International Settlements in the past two years. One is denominated in US dollars and the other in euros.

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