Economy

Cryptocurrencies replacing traditional fiat currencies; wealth inequality; the economic impact of automation and the next industrial revolution—this page covers the trends and news that will influence the economies of the future.

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https://www.thewindowsclub.com/what-are-the-best-kyc-verification-software
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Thewindowsclub
In the era of ever-increasing online security scams, the importance of knowing one's customer verification can't be overstated. As businesses have started their online venture to expand their territory, the need for reliable KYC verification software is at an all-time high. So to curb this...
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https://www.coindesk.com/tech/2023/10/04/the-protocol-which-ethereum-layer-2-project-isnt-competing-to-land-celo/
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Coindesk
BLOCKCHAIN BAKE-OFF! In July, when the smart-contracts blockchain Celo proposed to ditch its independent "layer-1" status in favor of becoming a layer 2 network atop Ethereum, the people behind the project may have had little inkling of just how popular they would become. Now there's suddenly a...
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https://truthonthemarket.com/2023/08/02/does-open-finance-promote-competition-or-facilitate-free-riding/
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Truthonthemarket
Financial technology, or so-called "fintech," is disrupting the financial sector, and that's a good thing. Fintech services are making finance more digital and more user-friendly. This, in turn, has led to reduced transactions costs and increased levels of competition, innovation, and financial inclusion.
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https://www.businesstraveller.com/business-travel/2023/11/13/uaes-lootah-biofuels-strikes-agreement-with-atmosphere-core/
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Businesstraveller
Lootah Biofuels, a circular economy company that produces biofuel from cooking oil in the UAE, has entered into a partnership with hospitality company Atmosphere Core for the latter's properties in the Maldives. The MoU was signed earlier this month and both entities will now work towards building a circular economy in the Maldives and introduce environmentally friendly biofuel, produced by Lootah Biofuels, at resorts managed by Atmosphere Core.
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https://www2.deloitte.com/us/en/insights/economy/asia-pacific/japan-economic-outlook.html
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Deloitte
Even with trillions of dollars in fiscal stimulus, consumers will remain cautious. Weak external demand, particularly from the United States, will weigh on Japan’s exporters and manufacturers.
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https://www.mdpi.com/2304-8158/12/21/3930
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Mdpi
2. Research Design First, we used scientific content analysis to characterize production and identify possible valorization scenarios, sustainability categories, and indicators in growing and processing raspberries. Second, we collected data from raspberry growers and processors about their...
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https://crypto.news/kraken-started-requiring-users-from-uk-to-verify-their-self-custodial-crypto-wallets/
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Crypto
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Crypto exchange Kraken now requires U.K. users to verify self-custodial wallets or validate wallet identities, referring to local regulations.
According to an X post published by James Van Straten, analyst at CryptoSlate, the U.S.-headquartered crypto...
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https://www.benzinga.com/markets/cryptocurrency/24/04/38243249/hong-kongs-first-bitcoin-ethereum-spot-etfs-get-regulatory-nod-welcome-to-the-party-china-
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Benzinga
Hong Kong's securities regulator has approved the city's first spot Bitcoin BTC/USD and Ethereum ETH/USD exchange-traded funds (ETFs).What Happened: The Hong Kong units of Bosera Asset Management and China Asset Management have been granted regulatory approval by the Hong Kong Securities and...
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https://www.eenews.net/stories/1062310667
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E & E News
As officials work to contain the coronavirus outbreak, concerns are rising that it could thwart some of the biggest U.S. energy industries, including renewables, liquefied natural gas and electric vehicles.
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https://medium.com/@VitiDiary/viti-diary-a-pioneering-blend-of-web3-gaming-and-wine-trading-f75f21ae53f7
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Medium
Venturing into uncharted territories, Viti Diary stands as the first game to introduce Real-World Assets (RWA) into Web3 gaming. With a focus on wine trading and crypto gameplay, it promises a thrilling experience for both Web3 gamers and wine lovers. But why this blend? And how does it aim to revolutionize the current gaming market?
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https://financialit.net/blog/embeddedfinance-ecommerce-payments/why-embedded-finance-next-big-thing-fintech
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Financialit
Korbinian Krainau, Associate Managing Director, Strategy at Publicis Sapient 22.03.2024 11:45 am #embeddedfinance #ecommerce #payments Embedded finance is integrating financial services products seamlessly into non-financial journeys e.g., of retailers, e-commerce platforms, B2B companies, or...
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https://broadandliberty.com/2023/10/16/report-marijuana-legalization-trades-taxes-for-social-problems/
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Broadandliberty
(The Center Square) — Legalized recreational marijuana in a number of states give Pennsylvania some test cases for what to consider in its own debates.
A recent paper from the Federal Reserve Bank of Kansas City notes that the tradeoff of legalization might be: more economic growth, but more...
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https://www.jdsupra.com/legalnews/new-york-department-of-financial-5992586/
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Jdsupra
A recent consent order between the New York State Department of Financial Services ("NYDFS") and cryptocurrency trading platform, bitFlyer USA ("bitFlyer"), shows that the NYDFS continues to utilize an aggressive enforcement posture with respect to cybersecurity for regulated financial services companies.
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https://www.computerweekly.com/opinion/IT-Sustainability-Think-Tank-Keeping-one-step-ahead-of-regulation
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Computerweekly
As strategically investing in technology becomes increasingly vital, ESG regulations and reporting requirements related to e-waste and resource management are also becoming more stringent. Today, more than 90% of biodiversity loss is due to the extraction and processing of natural resources. Manufacturing tech is both carbon and material intensive, making it crucial for companies to consider how their technology investments demonstrate a commitment to corporate sustainable practices.
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https://techcabal.com/2023/05/10/darren-franks-fintech-association-interview/
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Techcabal
An interview with Darren Franks, interim CEO of the Fintech Association of South Africa.
Over the course of the last few months, a couple of interesting developments have been happening in the South Africa fintech ecosystem. Payshap was launched, purporting to revolutionise real time payments in...
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https://www.fintechfutures.com/2024/02/uk-regtech-napier-ai-secures-45m-funding-from-crestline-investors/
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Fintechfutures
London-headquartered regtech Napier AI has landed a £45 million investment from US-based Crestline Investors to help boost its planned business expansion. Founded in 2015, Napier harnesses big data technology alongside artificial intelligence (AI) and machine learning to provide corporate compliance and anti-money laundering (AML) solutions.
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https://betakit.com/deloitte-spinout-arteria-ai-closes-46-million-cad-series-b-to-help-banks-turn-documents-into-data/
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Betakit
Backers include GGV Capital, Citi, BDC Capital, Information VP, and Illuminate Financial.
Toronto-based enterprise artificial intelligence (AI) startup Arteria AI, which helps some of the world's largest banks address documentation challenges, has secured about $46 million CAD ($30 million USD)...
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https://www.bnnbloomberg.ca/south-korea-unveils-62-billion-new-deal-to-reshape-post-virus-economy-1.1443792
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BNN Bloomberg
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https://www.marijuanamoment.net/gop-marijuana-banking-bill-sponsor-says-senate-floor-vote-on-hold-until-house-passage-assured-cannabis-financing-exec-who-spoke-to-him-says/
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Marijuanamoment
The lead GOP Senate cosponsor of a bipartisan marijuana banking bill says a planned floor vote is on pause until he can ensure the legislation will later pass the Republican-controlled House, according to a cannabis financing executive who spoke with the senator this week. While the House prospects of the Secure and Fair Enforcement Regulation (SAFER) Banking Act have long factored into Senate leadership's thinking, Sen.
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https://www.financemagnates.com/cryptocurrency/okx-joins-growing-list-of-crypto-exchanges-with-singapores-mpi-license/
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Financemagnates
The crypto
exchange OKX has received in-principle approval from the Monetary Authority of
Singapore (MAS) for a Major Payment Institution (MPI) license through its local
subsidiary, OKX SG. This new authorization allows OKX to provide digital
payment token services and cross-border transfers in...