Fintech Arm of Chinese Insurance Giant Files for US IPO After Blockchain Push
OneConnect Financial Technology, the banking and blockchain arm of China's largest insurance company, filed a prospectus with the SEC on Wednesday.
The new bill would allow the creation of “experimental regulatory regimes” for companies working on cutting-edge technologies like AI and distributed ledgers.
The deal may serve as a showcase for DLT’s benefits to Wall Street at a time when such use cases no longer generate the same buzz as five years ago.
Fintech giant PayPal plans to roll out direct sales of cryptocurrency to its 325 million users, according to three people familiar with the matter.
Real disruption in financial services means creating new plumbing for transactions, not nicer apps on top of existing rails, says CoinDesk columnist Lex Sokolin.
Venkata S. Meenavalli has agreed to pay $400,000 in both disgorgement and penalties related to a 2017 Regulation A+ offering the SEC deemed fraudulent.