Fintech

Yesterday, all trading on the cryptocurrency exchange Bitfinex was stopped, money withdrawal and digital deposits were also frozen.

London & Partners, the Mayor of London’s promotional company, survey revealed that citizens of Britain’s capital believe in a cashless future within 20 years.

Bank of England announced the launch of a FinTech accelerator for new technology firms to demonstrate their solutions via proof of concept projects (POCs) and to help the bank “harness FinTech innovations for central banking”. For successfully completed POCs, the Bank of England promises to consider acting as a reference for the firms.

A new FinTech, Innovation and Competitiveness (FIC) division created by the French financial market regulator will soon operate in the country.