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Bruce B. Nov 22, 2022
Financial Services News
Last active over 7 days
Last active over 7 days
Welcome to the Bullet Point Bulletins Weekly Wrap-Up show with Tedd Huff of Fintech Confidential.

This week we are discussing how U.K. Regulators are tightening laws around Buy Now, Pay Later services.

And of course we are looking at the continuing saga at FTX, as their top three executives have been fired.

We're also talking about how Square and American Express are partnering on an AMEX for Square Merchants.

And we're also talking about how CZ, CEO of Binance, the world’s largest cryptocurrency exchange is saying “Don't Buy The Dip”. It's all interesting, fun and exciting on the weekly wrap-up.

A special thank you to Tedd Huff of Fintech Confidential for his support and interaction on this and other projects.

It's always interesting to discuss these happenings with him.

I found it interesting that we got into a discussion about hardware wallets in this episode filmed Sunday, and Binance announced investing in Ngrave on Monday.

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https://youtu.be/3b36OXlQrp0
 
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Bruce B. Nov 21, 2022
Financial Services News
Last active over 7 days
Last active over 7 days
Cryptocurrency exchange Binance is making a move in the hardware wallet industry, with its venture capital arm investing in the cold wallet platform Ngrave.

Binance Labs has made a strategic investment in the Belgian hardware wallet firm Ngrave and will lead its upcoming Series A round.

Ngrave specializes in self-custody, providing a security suite comprising three major elements, including the connectionless hardware wallet Zero, key backup tool Graphene, and the Liquid mobile app.

Binance co-founder, and head of Binance Labs, Yi He, pinpointed that security remains one of the biggest challenges for crypto adoption. “Self-custodial wallets are one of the most secure methods for storing digital assets,” she said.

Binance Labs is excited to capitalize on the emerging hardware wallet sector and partner with Ngrave

to bring sophisticated wallet products to both retail and institutional users,” Investment Director Tyler Z added.

CZ himself admitted that centralized exchanges may no longer be necessary as investors would shift to self-custodial solutions.

The Binance CEO said. “If we can allow people to hold their own assets in their own custody securely and easily, in a way that 99% of the population can do it, centralized exchanges will not exist, or probably don’t need to exist.”

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https://youtu.be/MNJPeCU6Gi8
 
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Bruce B. Nov 20, 2022
Financial Services News
Last active over 7 days
Last active over 7 days
The UK government has announced plans to strengthen regulation around interest-free buy now, pay later (BNPL) credit agreements to protect “millions of people”.

Under the plans, lenders will be required to carry out affordability checks to ensure loans are affordable to customers and rules will be amended to make sure advertisements are “fair, clear and not misleading”.

Lenders offering Buy Now Pay Later services will need to be approved by the Financial Conduct Authority (FCA), borrowers will be able to lodge complaints with the Financial Ombudsman Service (FOS).

“Buy Now Pay Later credit agreements can be a helpful way to manage your finances, allowing people to spread the full cost of a purchase over time,” the government says.

“However, people do not currently have the usual full range of borrower protections when taking out this type of loan and they are rapidly increasing in popularity, resulting in a potential risk of harm to consumers.”

“By holding BNPL to the high standards we expect of other loans and forms of credit, we are protecting consumers and fostering the safe growth of this innovative market in the UK,” says John Glen, economic secretary to the Treasury.

#intelligence8 #affordability3 #intelligence #protections8 #protections7 #protections6 #intelligence7 #buynowpaylater #protections2 #protections5 #protections4 #affordability2 #intelligence0 #affordability1 #affordability0 #affordability9 #protections #affordability7 #complaints #intelligence2 #intelligence6 #bulletins #hmtreasury #affordability6 #affordability5 #secretary #protections1 #intelligence5 #protections0 #affordability8 #intelligence1 #protections3 #agreements #affordability #intelligence9 #intelligence4 #misleading #affordability4 #intelligence3 #affordability7

https://youtu.be/ND0NZ3hcxBU
 
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