Topic: [2016-04-08] Is the US losing its global competitive edge in fintech? (Read 317 times)
April 08, 2016, 08:29:05 PM
There is only so many Apps that Silicon Valley can make anymore. Tech is turning in a different direction and it will be from all over the globe. Innovation knows no boundaries.
April 08, 2016, 10:15:14 AM
The UK is letting the digital coin currency to develop in the country. It is monitoring but not regulating.
April 08, 2016, 09:56:07 AM
Is the US losing its global competitive edge in fintech?
As the UK’s Chancellor, George Osborne has said, the plan is to make London “the global center for fintech” and he has acknowledged that globally “the race is on, but we’re determined to win it.”
If encouraging fintech and digital currency innovation is a race, then the U.S. may be losing its lead. Since New York issued its BitLicense regulations in June 2015, only one license has been issued, and at least 27 companies are waiting in queue. Meanwhile, other states are pursuing disparate and inconsistent regulatory approaches, and some efforts to provide clarity, such as California’s, have stalled. The Uniform Law Commission is admirably developing a uniform model state law, but its efforts likely won’t come to fruition for years.
https://coincenter.org/2016/04/us-losing-global-competitive-edge-fintech/
As the UK’s Chancellor, George Osborne has said, the plan is to make London “the global center for fintech” and he has acknowledged that globally “the race is on, but we’re determined to win it.”
If encouraging fintech and digital currency innovation is a race, then the U.S. may be losing its lead. Since New York issued its BitLicense regulations in June 2015, only one license has been issued, and at least 27 companies are waiting in queue. Meanwhile, other states are pursuing disparate and inconsistent regulatory approaches, and some efforts to provide clarity, such as California’s, have stalled. The Uniform Law Commission is admirably developing a uniform model state law, but its efforts likely won’t come to fruition for years.
https://coincenter.org/2016/04/us-losing-global-competitive-edge-fintech/
Jump to: