Global Financial Forum, Navigating the New Order

Global Financial Forum, Navigating the New Order

    *All DIFC photos are my own On November 14, 2017 Dubai International Financial Center ("DIFC") along with The Economist hosted its first Global Financial Forum where: "Expert panelists came together to discuss the geo-economic, technological and financial trends impacting the industry now and in the future." (via DIFC Link) Among the notable announcements at [...]

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Disrupting the Financial Services Industry: FinTech

Disrupting the Financial Services Industry: FinTech

According to the World Economic Forum, FinTechs have: Materially changed the basis of competition in financial services, but have not yet materially changed the competitive landscape. They play a critical role in defining the pace and direction of innovation across the sector but have struggled to overcome the scale advantages of large financial institutions. Key [...]

Cryptocurrency: The Future of Payment for Luxury Dubai Properties

Cryptocurrency: The Future of Payment for Luxury Dubai Properties

Dubai, United Arab Emirates ("UAE") is rapidly establishing itself as a smart city across various business sectors, including real estate. From investing in flying taxis, establishing an innovative FinTech Incubator Hive, expanding its international financial center ("DIFC") to creating whole islands inspired by prominent world sites, the UAE is truly exemplifying that no idea is to remote [...]

Remittance FinTechs and the UAE

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 [...]

What Does China’s Ban on ICOs Mean?

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 [...]

The DAO Report

The DAO Report

The Securities and Exchange Commission ("SEC") has ruled that Decentralized Autonomous Organization ("DAO") tokens are security tokens and should have been registered in 2016 with the SEC as such. The complete Report may be viewed here. The SEC also released an Investor Bulletin, which wrote: The Bulletin also detailed ICOs, including key points to consider [...]

Initial Coin Offerings (“ICOs”)

Initial Coin Offerings (“ICOs”)

On July 12, 2017, DLA Piper Palo Alto hosted an ICO event and panel discussion alongside DareToKnow. Speakers included: Spencer Bogart, managing director of Blockchain Capital, Juan Benet, founder and CEO at Protocol Labs, Vinny Lingham, co-founder and CEO at Civic Technologies, Natalia Karayaneva, CEO at Propy, and, Matt Chwierut, head of research at Smith [...]