The Law of Ukraine “On Payment Services” has been adopted, but will come into force from August 1, 2022. The section regarding open banking will come into force from August 1, 2025. Below we analyse what opportunities this Law opens up for the development of financial technology activities in Ukraine. The Law establishes the framework…
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Canada is an ideal destination for business owners and investors who want to expand into a foreign market. Canada has a stable economy, which will prevent you from the risks of business shutdown. Some of the reasons for this economic stability are low tax rates, freedom to do trade and the well-managed bureaucracy. Money Service…
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The cryptocurrency market is developing rapidly, so the governments of many countries have decided to legally regulate the field of cryptocurrencies. It is important to note that the legalization of cryptocurrencies is important, both for the state and for users. Therefore, in order to legally conduct cryptocurrency exchange activities in a particular country, it is…
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The Anti-Money Laundering Authority (AMLA) is a new body for combating money laundering in European Union which will coordinate the national efforts of the EU countries in this area and take over the support of risky international financial transactions. The AMLA will focus on addressing current shortcomings in AML/CFT supervision within the EU. It will…
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Micro-Services Micro-services help Fintech with the flexibility required to create innovative technology. Micro-services are developed to solve the problem of monolithic design by breaking up applications into smaller independent services. As they offer a unique technology proposition and allow the development of independent applications, it is possible to meet specific business requirements. Artificial Intelligence and…
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The Isle of Man is one of the most popular jurisdiction for obtaining a gambling license. The government of The Isle of Man was one of the first to enact legislation in the sphere of online gaming regulation. Gambling license of the Isle of Man regulates the following types of services: casino; bingo; lottery; betting,…
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