Libra heralds Brave New World: if it can stand up to regulation

The influential policy committee of the Bank of England has put forward concrete proposals for how regulators could deal with Facebook’s controversial Libra project.    A 9 October document released by the central bank’s Financial Policy Committee states that while the payment stablecoin “has the potential to be…systemically important”, bankers will need “access to be…

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What are the differences between trading in cryptocurrency and classic trading?

  In recent times, cryptocurrency has driven the Fintech sector agog. From millionaires to small business owners, entrepreneurs, and people from different walks of life, everyone is trading in cryptocurrency.   Due to its growing popularity, the market cap of this digital asset is about 300 million. This value also has the potential of hitting…

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Regulation of digital assets is no longer in the realm of the Wild West

According to my recent article in Fintech Futures, “From Wild West to crypto best: How compliance separates cowboys from champions,” the world of crypto is about to change with the work of the Financial Action Task Force. One of the most powerful standards-setting bodies, the task force is expected to require regulators to instill recognizable…

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Self-employment: 5 decisive steps to make your dream come true

As an accomplished entrepreneur, I think one of the most frequent questions I get from enthusiasts and students is, “Maxim Bederov, from an entrepreneur’s standpoint, what steps do you think a prospective self-employed person should take for a profitable venture?” or even more personal questions like, “Maxim Bederov, I would like to start a business…

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Maxim Bederov - Digitization, Digital Currency

Cash ban: Is Germany still a developing country in this regard? Who is further along than us?

Germany is definitely a developing country from a current perspective. I like to remember my last trip to China: a lady from the village has sold her home-made tartlets. Besides that, she had two phones lying. Because: The tartlets were buyable via QR code! But that is not an isolated case. If you enter a…

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