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…

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…

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…

How crypto-exchanges could be the saviour of a scandal-hit industry

Cryptocurrency exchanges are the linchpin of the digital industry, however, based on recent incidents and scandals, some of them definitely need to clean up their act. Today, exchanges are a key part of the $300 billion USD coin-trading market’s growth, enabling investors to trade and enjoy new opportunities. However, a lack of regulation remains the…

Is it really foreseeable that there will be no more cash in the future? - Maxim Bederov

John Cryan gave cash less than 10 years a few years ago: how much longer are we still going to pay cash?

Cash is an obsolete model no matter how much we still emotionally cling to it. The fast pace of time, digitization, and the advances in artificial intelligence technology will make it unimaginable in the foreseeable future that retailers will continue to spend their money on us, and we’ll even have to go to a cash…

The latest FATF guidelines could be game-changer for the crypto industry

The Financial Action Task Force (FATF), which has the power to shape the global regulatory agenda, issued preliminary guidelines on crypto assets and money laundering that could actually represent a tipping point for the crypto industry. Crypto products and their service providers will be required to register or obtain a license from the relevant authorities.…

Maxim Bederov - Blockchain technology - What does BaFin say?

Blockchain technology – What does BaFin say?

Everyone is talking about blockchain, especially when it comes to promoting decentralised structures. But many still see the integration into existing legal systems, especially in the financial sector, as a challenge. When we think of regulation in the financial sector, we immediately think of the Federal Financial Supervisory Authority (BaFin). The most valuable task of…