Remittance FinTechs and the UAE

The growth of FinTechs, or technology enabled financial services, has skyrocketed in an attempt to eliminate the confines of traditional banking. According to The World Economic Forum, "Two and a half billion people around the world are un- or underbanked." This is where FinTechs have come in, making financial services more accessible than ever before, especially [...]

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What Does China’s Ban on ICOs Mean?

On September 4, 2017, the People's Bank of China ("PBoC") issued a statement banning Initial Coin Offerings ("ICOs") and crypto token sales in order to avoid suspected illegal financial activities and the serious disruption of financial order in the People's Republic of China ("PRC"). In its statement, the PBC claims that token sales are an illegal [...]