But 20Four appears to have been unable to capitalise on that star power, and liquidators are now trying to sell the last of its assets to pay the more than $900,000 it owes.
Offshore business has grown swiftly since the 1960s. Today, international financial centres are a critical part of the global economy, providing a space for new industries to thrive
In truth, the lawsuit contends, the returns were not profits from investments, but “were simply reallocations to older investors of new investors’ assets” in a classic Ponzi scheme configuration.
A “regulatory sandbox,” as explained by The National, is a “framework that facilitates the development of the financial technology industry.”
It is clear that the Government and the FCA share the Committee’s concerns on crypto-assets, including the lack of regulation, minimal consumer protection, and anonymity aiding money laundering.
The note confirms that separate draft regulations and more detailed guidance will be published in the next few weeks but, in the meantime, it clarifies at a high level a number of key issues for organisations both within the UK and outside but doing busin
In addition, the draft rules involve steps to safeguarding customers interests, cybersecurity risk management, and technology standards.