Norm AI's innovation could significantly reduce legal costs and reshape compliance processes, impacting financial services and other regulated sectors.
The post Norm AI raises $120M to automate legal services and reinvent how law firms bill clients appeared first on Crypto Briefing.
The post Tether Invests $20 Million In Brazil’s Mercado Bitcoin appeared on BitcoinEthereumNews.com.
Tether said Tuesday it will invest $20 million in a strategic growth financing round for Mercado Bitcoin, a move that deepens the stablecoin issuer’s push into Latin America’s fast-growing market for blockchain-based financial services. Tether, the largest company in the digital asset industry and the issuer of the USDT stablecoin, framed the deal as part of a broader strategy of backing platforms that pair regulatory licensing with market scale. Mercado Bitcoin, founded in São Paulo in 2013, has grown from a cryptocurrency exchange into what it describes as a full-stack on-chain financial services platform. The company now serves 4.5 million users and says it has issued more than 2 billion reais in tokenized assets. It holds more than 10 licenses across Brazil and Europe, including a payment institution license from Brazil’s central bank, along with broker-dealer, securitization and a
The post Richard Teng: Crypto has become a leading financial infrastructure, not just an asset appeared on BitcoinEthereumNews.com.
Richard Teng discovered crypto in 2017, while still working as a regulator, and it changed how he viewed the future of financial services. “The more I deep dive into it, I realized that this is going to be the future of financial services,” he said in a recent appearance on the podcast “Figuring Out With Raj Shamani.” Now Co CEO of Binance, Teng argues that crypto is no longer only something people trade. In his view, it is increasingly becoming infrastructure that parts of the financial system can run on, because it can enable continuous markets and faster settlement. Why is speed becoming the new currency of markets? Teng highlighted limited trading hours and slow settlement as two frictions he sees across traditional finance. Stocks and bonds in most markets still trade primarily during set business hours, he said. That leaves investors with fewer optio
The post Bitcoin Suisse Eyes UAE Expansion with New Financial Services Approval appeared on BitcoinEthereumNews.com.
Swiss crypto finance powerhouse Bitcoin Suisse is venturing deeper into the Middle Eastern market with its latest regulatory approval. The company’s UAE subsidiary, BTCS Middle East, has received a pivotal Financial Services Permission from the Abu Dhabi Global Market (ADGM). Continue Reading:Bitcoin Suisse Eyes UAE Expansion with New Financial Services Approval Source: https://en.bitcoinhaber.net/bitcoin-suisse-eyes-uae-expansion-with-new-financial-services-approval
FCA’s review into how tech will reshape financial services warns about amplified risks of cyber-crime and fraud
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Ministers have been urged to toughen the City regulator’s powers to protect consumers against the potential risks of AI, according to a landmark review.
The Financial Conduct Authority’s (FCA) Mills review, which looked at how AI will reshape financial services from 2030 onward, found that companies are already starting to shift from human-led activities towards AI-enabled services for everyday consumers.
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The FCA's expanded oversight on AI in finance could set a precedent for regulating AI across other sectors, potentially enhancing consumer protection.
The post UK Financial Conduct Authority calls for expanded powers to oversee AI risks in financial services appeared first on Crypto Briefing.
