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UK Crypto Vision
The UK government’s vision to become a global hub for cryptocurrency and fintech innovation is more than a mere aspiration. It’s a strategic move that aims to position the UK at the forefront of the rapidly evolving digital economy. A recently published report titled “Realising Government’s Vision for the UK to Become a Global Hub […]
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Regulatory Update Webinar
In our ongoing commitment to keep you informed about the latest regulatory updates, SolutionsHub is pleased to announce an upcoming webinar. This event is hosted by the Isle of Man Financial Services Authority. The webinar is part of the Authority’s continuous efforts to engage with and support designated businesses. It provides them with necessary tools […]
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IOSCO Crypto-Asset Recommendations
The International Organization of Securities Commissions (IOSCO) published a consultation report that provides recommendations for the regulation of crypto-asset markets. IOSCO and Its Role in Financial Markets The IOSCO is a leading international policy forum for securities regulators. Its primary role is to promote high standards of regulation in order to maintain fair, efficient, and […]
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China to Train 500k Blockchain Professionals
China has launched a national blockchain research centre in Beijing, with an ambitious goal to train 500,000 industry professionals. The facility, authorised by the Ministry of Science and Technology, intends to collaborate with educational institutions, research institutes, and businesses to cultivate talent and bolster China’s digital economy, as reported by Xinhua. The China Blockchain Research […]
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EU Parliament progresses AI Act with crucial committee approval
Key Parliamentary Committees Approve AI Act The AI Act received approval from key parliamentary committees in the European Parliament on 11 May, advancing towards plenary adoption in mid-June. The legislation aims to regulate Artificial Intelligence based on its potential to cause harm. The Civil Liberties and Internal Market committees adopted the text with a large […]
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Introduction to Indirect Banking in the Crypto Industry
Esteban Gamboa, Senior Compliance Officer for SolutionsHub, discusses the role, benefits, and challenges of banking intermediaries for the crypto sector. The sector has encountered substantial obstacles in accessing conventional banking services. Regulators warnings and failures have made many banks hesitant to collaborate with cryptocurrency clients. However, some intermediaries have emerged to assist, enabling banking services […]
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Isle of Man Regulator Releases PEP Report Findings
The Isle of Man Financial Services Authority has published its review findings on foreign Politically Exposed Persons (PEPs), a major international crime threat to the Island’s reputation as a well-regulated jurisdiction. The thematic review, conducted between 2021 and 2023, assessed the risks PEPs posed to the Isle of Man business sector. PEPs are individuals who […]
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The Importance of Professionalising Crypto Syndicates into Private Exempt Schemes
The cryptocurrency market has experienced exponential growth, attracting a wide range of investors, including individuals and institutions. One popular way for individual investors to participate in the market is through crypto syndicates. Crypto Syndicates are groups that pool their resources to invest in cryptocurrencies and blockchain projects, aiming to generate significant returns. As the market […]
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Isle of Man FSA’s Updated Supervisory Methodology Framework
The Isle of Man Financial Services Authority (FSA) has recently released a document outlining their updated approach to supervising the Island’s finance sector. The Supervisory Methodology Framework aims to concentrate resources on the most significant threats, focusing on consumer protection, financial crime reduction, and maintaining confidence in the financial services sector through effective regulation. SolutionsHub […]
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FSA Head of Legal, Policy & Risk Sought by Isle of Man Financial Services Authority
The Isle of Man Financial Services Authority (FSA) is actively searching for a new Head of Legal, Policy & Risk to join its executive leadership team. As the regulatory authority governing the financial sector within the Isle of Man, the FSA has been instrumental in the island’s growth as an international financial center since its […]
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Isle of Man: The Ideal Destination for eGaming Intellectual Property & Royalty Management
Unveiling Key Advantages for Software Suppliers As many in the industry are aware, the Isle of Man’s Software Supplier License has gained significant traction in the eGaming industry, and we recently discussed the Importance of an Isle of Man B2B Licence for Game Developers and Resellers, nothing that; “operators are seeking assurance from third-party suppliers […]
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The Benefits of Tier-1 Licences for Egaming Companies: Secure Banking and Reliable Payment Services
Nick Wright, Director and COO of SolutionsHub, discusses the importance of access to secure banking and reliable payment services in the egaming sector and the benefits of a tier-1 licence. Banking: The Heart of an Egaming Business For an egaming company, banking is the heart of the business. Payments are the arteries, and the flow […]
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