BTC or ETH is not subject to tax on sales if the individual sells them more than 12 months after being acquired.
Latvian marketplace lender Mintos has announced it will be expanding its loan offerings to include loans denominated in Czech koruna to avoid currency risk for investors; firm is the third European lender following Creamfinance and Acema to expand to the koruna; says it also has plans for additional currency offerings. Source
Buy now, pay later (BNPL) giant Klarna will start reporting data on customers' usage of its products to credit bureaus in the UK.
Giles Andrews launched Zopa, the industry's first peer-to-peer lending platform, in 2005; he has now taken on a new role as the chairman of MarketInvoice; MarketInvoice provides P2P financing for small business invoices giving them an alternative source for working capital; Giles Andrews will help the firm scale its business and reach its 2017 goal of 2 billion British pounds ($2.48 billion) in lending. Source
The challenger bank will be a standalone digital bank aimed to compete against Monzo and Revolut; according to Sky News, the project is so confidential that very few people are familiar with the project internally; sources state that Mark Bailie, the bank’s former COO is leading the new venture with tens of millions of pounds of backing for the new platform. Source
Investment marketplace Raisin has made a deal for German based MHB Bank, who they have long partnered with and now have...
The EU has agreed on new landmark rules to regulate the cryptocurrency market, making it the most comprehensive regulatory framework in the world
One of the top three P2P platforms in the UK loses their new chief risk officer only six months after he was initially hired; Cyrille Salle de Chou, who initially came from Lloyd's Banking Group, is now headed to HSBC to be the chief risk officer of their European retail business; Salle de Chou told the Financial Times: "[It is] a great opportunity I could not refuse. Not a sign of concerns re RateSetter. I thoroughly enjoyed my time at RateSetter." Source
It's a widely reported issue, there is a significant gender divide in fintech. Increased support of female founders and leaders could make all the difference.
The Association of Alternative Business Finance (AABF) has added three new alternative lenders to its membership; new members include Invoice Cycle, Merchant Money and Reward Finance Group; launched in February 2017 the AABF seeks to support UK alternative lending for small businesses. Source