Page 18 - March 2018 Disruption Report
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BLOCKCHAIN JAMNAURACRHY 22001188
GovernmGOVeEnRtMsENaTrSeARaElAsLoSOfoCRrEmATiINnGg“F“INfTiEnCtHeBcRhIDGbESri”dges”
UK Hong Kong Singapore Australia Dubai
Switzerland
Hong Kong Singapore Australia South Korea China Dubai Denmark
Switzerland Japan Belgium Israel Philippines Malaysia
Source: Regulators’ websites
Source: TradingEconomics.com
Since May 2016, 30 bi-lateral cooperation agreements have been established around the globe in which “ ntech bridges” are created to foster innovation and promote growth. Speci cally, the governments partipating in these ntech bridges agree to (1) share research ndings; (2) break down barriers to startups scaling internationally; and (3) share regulatory insights. Through the governments’ collaborative efforts, nancial rms are able to focus on solving problems and achieving cost savings. (The Future of Fintech, Sarah Kochianski, 01/17/18)
The European Commission Action Plan for ntech includes blockchain priorities
Dechert LLP’s Timothy Spangler and Ofellia Assa wrote:
The European Commission, as part of its efforts to create a “Digital Single Market” and further to build more competitive and innovative Capital Market Union, announced its FinTech Action Plan on March 8, 2018.
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