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The best channel for news about FinTech in english and french. This channel was created on 22 September 2015. TeleGuard ID : C-R2YAWNQTB #fintech #fintechnews #fintechstartup #cryptocurrencies #bitcoin
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Zurich digital wealth manager’s AUM jumps to CHF 2bn
https://citywire.com/ch/news/zurich-digital-wealth-manager-s-aum-jumps-to-chf-2bn/a2470951
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How Switzerland Lost a 900,000 Bitcoin Bank
https://www.finews.com/news/english-news/68507-xapo-bank-silicon-valley-switzerland-gibraltar-crypto-bitcoin-private-banking-seamus-rocca-wences-casares
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https://youtu.be/jI2oyrmxXDk?si=8bTZVNQSwhgVr8o7
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The Digital Asset Market Clarity Act of 2025 (CLARITY Act) is a significant piece of legislation for the crypto industry in the United States, currently making its way through Congress. It's often discussed alongside the GENIUS Act (Guiding and Establishing National Innovation for US Stablecoins Act), which specifically focuses on stablecoins and has already been signed into law.
Here's a breakdown of the CLARITY Act and its implications for crypto:
Core Purpose of the CLARITY Act:
The primary goal of the CLARITY Act is to provide a comprehensive regulatory framework for digital assets by answering a crucial question that has long plagued the crypto industry: Who regulates what? It aims to define clear jurisdictional lines between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) regarding digital assets.
Key Provisions and Impacts:
* Classification of Digital Assets: The act aims to establish clear legal definitions for different types of digital assets, broadly categorizing them into:
* Digital Commodities: These would primarily fall under the CFTC's jurisdiction. The bill attempts to provide criteria for what constitutes a "digital commodity," often tied to how decentralized a blockchain network is.
* Digital Securities: These would remain under the SEC's purview. The bill seeks to clarify when an "investment contract" involving a digital asset would be considered a security, particularly in primary offerings.
* Payment Stablecoins: While the GENIUS Act specifically regulates stablecoins, the CLARITY Act also touches upon their treatment within the broader digital asset market structure.
* Jurisdictional Clarity: This is perhaps the most critical aspect. By providing explicit definitions, the CLARITY Act seeks to end the "regulatory limbo" that many crypto firms have faced, where it was unclear which agency had oversight.
* Regulatory Framework for Exchanges and Intermediaries: The bill mandates that crypto platforms, brokers, and dealers dealing with digital commodities register with the CFTC, and those dealing with digital securities with the SEC, treating them more like traditional financial institutions.
* Consumer Protection (and criticism):
* Proponents argue the bill promotes consumer protection by requiring increased transparency, disclosure, and compliance with anti-money laundering (AML) and know-your-customer (KYC) rules.
* Critics, such as Consumer Reports, express concerns that the bill prioritizes regulatory certainty for the industry over robust consumer safeguards. They argue that by classifying most tokens as "digital commodities," it exempts them from some SEC supervision, which is traditionally more focused on investor protection. There are also concerns about broad federal preemption of state consumer protections.
* Decentralized Systems and DeFi: The CLARITY Act attempts to address genuinely decentralized protocols and wallet providers, aiming not to lump them in with centralized exchanges. It provides explicit recognition for decentralized finance (DeFi) protocols, acknowledging their distinct operational models.
* Custody Rules: The bill aims to clarify that customer funds held by custody providers belong to the customers, rather than being held on the provider's balance sheet, addressing a significant point of confusion and risk.
* Fundraising Exemptions: It includes provisions for limited fundraising exemptions (e.g., up to $75 million annually) for projects, provided they meet certain disclosure requirements and aim for decentralization.
Relationship with the GENIUS Act:
The CLARITY Act and the GENIUS Act are often considered complementary pieces of legislation in the US effort to regulate crypto. While GENIUS specifically tackles the regulatory framework for stablecoins, CLARITY aims to establish the broader market structure for other digital assets, particularly differentiating between commodities and securities.
https://thepoorswiss.com/neon-bank-free-swiss-digital-bank/
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Here's a summary of key fintech news from the week of July 7, 2025:
1. Regulatory Landscape Continues to Evolve, with a Strong Focus on AI and Conduct:
* UK's FCA Actions: The UK's Financial Conduct Authority (FCA) has been particularly active. They launched a new Handbook website, confirmed their final policy and opened a further consultation paper on tackling non-financial misconduct (NFM) in financial services, aiming to bring more instances of NFM under regulatory remit and align approaches across firms.
* AI Regulation and Sandboxes: The FCA also showcased its commitment to AI innovation, outlining industry responses to its new AI Live Testing service and launching a Supercharged Sandbox to support AI development. This comes alongside an ESMA working paper on leveraging Large Language Models (LLMs) in finance, highlighting considerations around robustness, data dependency, security, privacy, fairness, bias, accountability, and explainability in AI systems.
* MiCA Implementation and Knowledge Assessment: In Europe, the European Securities and Markets Authority (ESMA) issued a Final Report on guidelines for assessing knowledge and competence under the Markets in Crypto Assets Regulation (MiCA), aiming to enhance investor protection and trust in crypto-asset markets.
* Payment Services Regulation (PSD3/PSR) Progress: While full implementation is expected post-2025, regulatory developments continue to strengthen fraud prevention, ensure fair competition between banks and fintechs, and mandate instant payment services. The focus is on secure data sharing and access to payment systems.
2. AI's Growing Influence Across Fintech:
* AI as a Core Business Function: AI is increasingly seen as integral to financial services, reshaping core business functions from compliance and customer interaction to risk modeling. Companies like Salesforce are reporting significant AI adoption, with AI handling a large percentage of customer service queries.
* Investment in AI Fintech: Venture capital continues to flow heavily into AI, with a significant portion of global funding going to AI in Q2 2025. Investors are looking for fintechs that demonstrate real gains from AI-native design, emphasizing improved efficiency, reduced costs, and enhanced risk intelligence.
* Job Transformation, Not Just Displacement: While AI will automate certain tasks, the sentiment is that it's "rewriting" jobs rather than destroying them, creating new roles and requiring a shift in workforce skills and education.
3. Investment Trends and Market Dynamics:
* Selective Investment Environment: The fintech funding environment in 2025 is described as more focused and disciplined. While global venture funding saw an uptick in Q2 2025, capital is concentrating into larger, more mature fintech companies with proven track records and scalable business models.
* Key Investment Criteria: Fintechs successfully raising capital are demonstrating strong distribution strategies, global and local market mastery (including navigating regulatory complexities), human-centric financial UX, and robust regulatory compliance as a competitive advantage.
* Neobanks and Digital Wallets: The prepaid card sector in Ireland, for example, is seeing continued growth driven by digital payment adoption and integration with digital wallets, with fintech firms like Revolut driving competition and innovation against traditional banks. Revolut itself is reportedly targeting a $65 billion valuation with a fresh fundraise.
* Focus on Financial Crime Controls: There's a heightened scrutiny on financial crime controls, with Monzo reportedly being fined £21 million for "failings in financial crime controls," highlighting a broader industry challenge for UK fintechs.
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L’Italie enquête sur les pratiques « malhonnêtes » de la banque Revolut https://share.google/2EJfAN1SmfOXKbhCT
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Disguised Unemployment? 88% of Ethereum Protocols Are Not Earning Revenue vs 75% in Solana
https://www.coindesk.com/markets/2025/07/23/disguised-unemployment-in-blockchain-data-shows-only-12-of-ethereum-25-of-solana-protocols-have-revenue
The week of July 14, 2025, was a significant one for the fintech industry, marked by major legislative discussions, substantial investment activity, and strategic moves by both traditional financial institutions and fintech startups.
Key Highlights:
* "Crypto Week" in the US and Regulatory Clarity: The US House of Representatives initiated "Crypto Week," focusing on three high-profile pieces of digital asset legislation. The Digital Asset Market Clarity Act (Clarity Act) aims to establish a comprehensive regulatory framework for digital assets and cryptocurrencies, while the Guiding and Establishing National Innovation for US Stablecoins Act (GENIUS Act) seeks to create the first federal regulatory framework for payment stablecoins. This legislative push is seen as a crucial step towards providing much-needed clarity and safeguarding consumers and investors in the digital asset space. Bitcoin also hit an all-time high on July 14th, ahead of these discussions, reflecting market optimism.
* Fintech Funding and IPOs: The first half of 2025 saw a total global funding of $22 billion to VC-backed financial technology startups, an 11.1% increase from H2 2024. While deal flow was down, indicating fewer but larger rounds, the IPO market in fintech seems to have broken its "dam." Several fintech companies have either gone public or filed to do so, with notable examples including digital bank Chime's successful IPO in June.
* Traditional Banks' Strategic Moves:
* JPMorgan's Data-Access Fees:
JPMorgan Chase announced that fintech companies must now pay to access customer banking data, a move that could significantly reshape the open-banking model and potentially increase operating costs for fintechs.
* Lloyds' Acquisition Talks: Lloyds Banking Group is in advanced discussions to acquire digital-wallet fintech Curve for up to £120 million, signaling a trend of traditional banks acquiring fintech enablers to remain competitive and diversify revenue streams.
* Citigroup Explores Stablecoin Launch: Citigroup is considering issuing its own stablecoin, aiming to expand its digital asset services and compete with players like JPMorgan in the tokenization space. This move is supported by the regulatory framework under the GENIUS Act.
* Notable Investments and Developments:
* iCapital's Growth Round: iCapital, a provider of alternative investment access, secured a massive growth round, reflecting continued investor confidence in democratizing private market access.
* Bilt Rewards' Decacorn Status: Bilt's $250 million raise vaulted the company into decacorn status, validating fintech loyalty models tied to rent.
* AI and RegTech: Investments in AI-driven compliance technology continue, with companies like ComplyControl joining UK Finance. The increasing focus on AI for financial services, including fraud detection, risk assessment, and customer service automation, is a significant trend.
* Cybersecurity Funding: YesWeHack secured €26 million in Series C funding for cybersecurity expansion, highlighting the growing importance of security in the fintech landscape.
* BlackRock's Bitcoin ETF Success: BlackRock's Bitcoin ETF has become a top revenue driver, surpassing its S&P 500 fund, with significant inflows coinciding with Bitcoin's price surge.
Overall, the week underscored a dynamic fintech environment characterized by a push for regulatory clarity, strategic M&A activities, strong investment in innovative solutions (particularly in crypto and AI), and the continued evolution of the relationship between traditional finance and emerging technologies.
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Current Status:
The CLARITY Act has advanced through both the House Financial Services and Agriculture Committees and recently passed the House of Representatives with bipartisan support. It now moves to the Senate for consideration, where its path to becoming law is still uncertain, as the Senate is expected to release its own version of a market structure bill.
In summary, the CLARITY Act represents a significant attempt by the US Congress to bring much-needed regulatory order and legal certainty to the digital asset market, with a focus on clarifying jurisdictional boundaries and establishing clear rules for market participants.
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The "Genius Act" (officially known as the "Guiding and Establishing National Innovation for US Stablecoins Act") is landmark legislation recently signed into law in the United States. It's a significant development for the cryptocurrency industry, particularly concerning stablecoins.
Here's a breakdown of what the Genius Act entails for crypto:
What is the Genius Act?
* Focus on Stablecoins: The primary aim of the Genius Act is to create a comprehensive regulatory framework for stablecoins. Stablecoins are a type of cryptocurrency designed to maintain a stable value, typically by being pegged to a traditional asset like the US dollar.
* Regulatory Framework: The act establishes clear rules for who can issue stablecoins and how they must be backed. Key provisions include:
* 1:1 Reserve Backing: Stablecoin issuers must hold 100% reserves in high-quality, liquid assets such as US dollars or short-term Treasury bills.
* Public Disclosures and Audits: Issuers are mandated to make monthly, public disclosures of their reserve composition and undergo regular audits.
* Anti-Money Laundering (AML) and Know Your Customer (KYC): Stablecoin issuers are now classified as financial institutions under the Bank Secrecy Act and must comply with AML and KYC laws.
* Consumer Protection: The act prioritizes stablecoin holders' claims in the event of an issuer's insolvency, placing them ahead of other creditors. It also bans interest payments on payment stablecoins and prohibits misleading marketing claims.
* Dual Licensing System: Entities can become permitted payment stablecoin issuers through either federal or state licensing pathways, with federal oversight for larger issuers.
* Strengthening the US Dollar: A stated goal of the act is to bolster the US dollar's reserve currency status by bringing privately issued digital dollars onto the blockchain.
* Combating Illicit Activity: The act aims to improve the Treasury Department's ability to combat illicit stablecoin activities by enhancing sanctions evasion and money laundering enforcement capabilities.
Why is it significant?
* Legitimacy and Oversight: The Genius Act provides much-needed regulatory clarity and legitimacy to the stablecoin market, which has largely operated with limited federal oversight.
* Increased Adoption: Proponents believe that clear regulations will foster greater trust and confidence in stablecoins, potentially leading to wider consumer and institutional adoption for payments and other financial activities.
* US Leadership in Digital Assets: The act is seen as a major step in cementing the US's position as a leader in the global digital currency space.
* Ripple Effect on Broader Crypto: While focused on stablecoins, the act is expected to have a ripple effect across the entire crypto industry, setting a precedent for future regulation and influencing how other digital assets are developed and used.
Concerns and Criticisms:
* Consumer Protections: Some consumer advocates argue that the act doesn't go far enough to protect consumers, particularly concerning fraud refunds (due to the irreversible nature of blockchain transactions) and the level of protection compared to traditional FDIC insurance.
* Market Disruption: Concerns have been raised about the potential for rapid redemptions of stablecoins backed by Treasuries, which could lead to quick sales of those Treasuries and impact the Treasury market.
* Loopholes: Critics also question whether the bill effectively closes all loopholes for foreign evasion of US rules and who truly benefits from the legislation – everyday consumers or crypto industry leaders and their political allies.
In essence, the Genius Act is a transformative piece of legislation that marks a new era for stablecoins in the US, aiming to bring stability, transparency, and consumer protection to a rapidly evolving segment of the financial landscape.
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https://www.pme.ch/actualites/2025/07/08/yuh-veut-setendre-a-linternational-et-se-lancer-dans-le-credit-840804?utm_campaign=pmemagazine-page-post&utm_content=article-fresh&utm_medium=social&utm_source=linkedin&utm_term=cde-linkedin-fresh-articles---business-2560
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