This document provides a weekly summary of fintech and virtual currency news updates from June 14th to June 27th. The summaries describe regulatory developments and reports published by organizations such as HM Treasury, the FCA, the Bank for International Settlements, Europol, and the FSB. The document also advertises compliance services from The Conduct Mind and includes a disclaimer.

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Fintech and Virtual
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Fintech and Virtual Currency News Updates
Date Description
25 June 2019
HM Treasury (HMT) and the Financial Conduct Authority (FCA) held an industry workshop on 20 June 2019 to generate
innovative ideas for increasing the uptake of contents insurance, particularly among low-income private renters.
https://www.gov.uk/government/news/using-insurtech-to-help-low-income-renters
25 June 2019
The Department for International Trade (DIT) has said over 500 companies from across the UK have joined the FinTech Alliance,
the community-driven platform for companies in the UK’s fintech sector.
https://www.gov.uk/government/news/dit-partners-with-fintech-alliance?utm_source=f4c0050a-2bd9-4c0d-a14d-
bd1b54412381&utm_medium=email&utm_campaign=govuk-notifications&utm_content=immediate
25 June 2019
The Global Financial Innovation Network (GFIN) has published a report, ‘GFIN—One year on’, in which it sets out the progress
made in its first year, the challenges it has faced, and its ambitions and plans for the future, as well as the work it has done to
engage with stakeholders.
http://www.dfsa.ae/MediaRelease/News/DFSA’s-role-in-supporting-global-FinTech-innovatio
24 June 2019
The Bank for International Settlements (BIS) has included a chapter on ‘big tech in finance: opportunities and risks’ in its annual
economic report. It examines the potential for firms such as Alibaba, Amazon, Facebook and Google to leverage data from their
existing platforms to spark rapid change in the financial system and ultimately reduce competition.
https://www.bis.org/press/p190623.htm
24 June 2019
The Financial Law Committee (FLC) of the City of London Law Society (CLLS) has published its response to the consultation
launched on 9 May 2019 by the UK Jurisdiction Taskforce of the LawTech Delivery Panel on crypto-assets, distributed ledger
technology and smart contracts.
http://www.citysolicitors.org.uk/attachments/article/121/Financial%20Law%20Committee%20response%20-
%20Personal%20Property%20-%2020%2006%2019.pdf
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Fintech and Virtual Currency News Updates
Date Description
14 June 2019
Over 300 cryptocurrency experts from both the private sector and law enforcement have attended the sixth Cryptocurrency
Conference hosted at Europol’s headquarters to discuss opportunities for closer co-operation and new partnerships to prevent
and detect cryptocurrency-facilitated crime and to assist asset recovery.
https://www.europol.europa.eu/newsroom/news/cryptocurrency-experts-meet-europol-to-strengthen-ties-between-law-
enforcement-and-private-sector
6 June 2019
The Financial Stability Board (FSB) has published a report on the financial stability, regulatory and governance implications of
the use of decentralised financial technologies such as those involving distributed ledgers and online peer-to-peer, or user-
matching, platforms.
https://www.fsb.org/2019/06/decentralised-financial-technologies-report-on-financial-stability-regulatory-and-governance-
implications/
4 June 2019
The European Central Bank (ECB) and the Bank of Japan (BoJ) have jointly published the results of phase 3 of Project Stella,
their joint research project which has contributed to the ongoing debate surrounding the emergence of distributed ledger
technologies (DLT) and its potential use in the future for financial market infrastructures (FMI) which support payments and
securities settlement.
https://www.ecb.europa.eu/paym/intro/publications/pdf/ecb.miptopical190604_1.en.pdf
31 May 2019
The Financial Stability Board (FSB) has published a report on crypto-assets, which considers work under way, regulatory
approaches and potential gaps.
https://www.fsb.org/2019/05/fsb-reports-on-work-underway-to-address-crypto-asset-risks/
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Disclaimer
This presentation is intended for general information purposes only and does not
take into account the reader’s specific circumstances, and may not reflect the most
current developments. The Conduct Mind disclaims, to the fullest extent permitted
by applicable law, any liability for the accuracy and completeness of the information
any acts this presentation and for any acts or omissions made based on such
information.