Charlie Delingpole Blog

www.delingpole.com

Month: February 2021

What are the money-laundering risks with non-fungible tokens (“NFT’s”) and Decentralized Finance (“DeFI”)?

Non-fungible tokens (“NFT’s) were born with the advent of Crypto-Kitties in 2017, operating on Ethereum. The point about NFT’s is that they are both scarce and more importantly can be unique, unlike a fungible commodity such as Bitcoin. Buyers can…

The Digital Renminbi and the end of American sanctions hegemony

Money can be divided into two categories: token based money, and account based money. Token based money such as currency notes or gold is like a bearer bond: ownership of the thing is the store of value. In the film…

Broker Deal Collateral Requirements: Gamestop, Citadel, Robinhood, Melvin Capital

The strangest thing about the Gamestop issue was the conspiracy theories around payment for order flow, Citadel and Melvin Capital boss Gabe Plotkin. Some assumed that Robinhood had conspired against their users because their biggest customer, Citadel, was bailing out…

Fincen Unhosted Wallets

Fincen, a department of the US treasury responsible for collecting transactional information, put out a notice of proposed rule making in December: “Requirements for Certain Transactions Involving Convertible Virtual Currency or Digital”:  DEPARTMENT OF THE TREASURY Financial Crimes Enforcement Network…

January 2021 – Payments, Janet Yellen, Appointment of Michael Barr as Chief Comptroller of OCC

Please see the latest commentary below: PayPod – “Financial crime and the regulatory landscape are two critical things for any payments business or fintech to be aware of. As we begin this new year, this landscape is going to continue…