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How blockchain and smart contracts will change the face of insurance in the U.S.

Blockchain has the potential to foster tremendous change for the insurance industry, especially bring efficiencies and cost savings to existing processes. Here, we explore some of the improvements it could bring to the industry along with machine-learning, artificial intelligence and smart contracts

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Finland's new crypto law does not extend to investor protection

The Finland Supervisory Authority has stated that even though it is now the registration and supervisory authority for virtual currency providers in Finland, the supervision does not extend to investor protection

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Diamonds are not forever: U.S. SEC stops alleged diamond-related ICO

According to a complaint by the U.S. Securities and Exchange Commission, Jose Angel Aman operated a purported crypto business called Argyle Coin as a Ponzi scheme, using new investor funds to pay prior investors

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FCA puts principals of appointed representatives on notice

The Financial Conduct Authority has identified major shortcomings in principal firms’ understanding of their regulatory responsibilities for their appointed representatives. Senior management of principal firms should take note