TFU | June 18-24

The NYDFS granted a BitLicense to Square; Zelle is predicted to surpass Venmo in terms of users by the end of the year; a U.S. House subcommittee held a hearing on the use of digital currencies for illicit purposes; BitFlyer is suspending new business in Japan after negative findings from the FSA; and PayPal made two large acquisitions to improve its business payments and fraud protection services.

TFU | Dec. 11-17

A federal judge dismissed the New York’s challenge to the OCC fintech charter; the SEC halted an in-progress ICO; Bitcoin futures trading debuted; JPMorgan and Barclays joined IBM’s quantum computing initiative; and Wired looks at China’s social credit scoring platforms “for everything in your life.”

TFU | May 20-26, 2017

The NYDFS wants state legislators to prevent online lenders from imposing out-of-state interest rates on in-state borrowers; TransferWise announced “borderless” accounts, allowing users to open multiple accounts in different currencies; Canada’s central bank concluded that DLT technology is not ready to “underpin” the financial system; Singapore’s financial regulator helped launch a new network to connect and foster Southeast Asian fintech innovators; and the R3 consortium raised $107 million.

TFU | May 13-19, 2017

The NYDFS sued the OCC over its proposed “fintech charter,” while the CSBS announced a new initiative to “modernize” state regulation of fintech firms; the CFTC created an internal fintech lab to engage with new products and innovators; SoFi is expanding into the wealth management market; the DTCC produced a new white paper on cloud-based financial markets infrastructure; and IBM is working to build “the world’s first securities lending blockchain platform.”

FU | March 25-31, 2017

The Delaware Corporate Law Council proposed amendments to the state’s corporate law to allow for DLT-based stock records; BlackRock plans to rely more on computer models and algorithms in its stock-picking unit; Japan’s financial regulator will officially recognize Bitcoin as a method of payment starting tomorrow; and the NYDFS’s Maria Vullo discussed her opposition to the OCC’s proposed fintech charter in an American Banker interview.