Blockchain
Blockchain Startup FQX announces the appointment of James Freis, Former Director of FinCEN, as Regulatory Technology Officer to Compose Programmable Debt Offerings
Zurich, Switzerland–(Newsfile Corp. – May 5, 2022) – Blockchain startup FQX, known for their eNote, a blockchain-based debt instrument, has appointed James H. Freis, Jr. as their new Regulatory Technology Officer.
Mr. Freis draws upon his experience from the public and private sectors in Europe, the United States, and globally, to promote the integrity of the financial markets and advise on FinTech innovations. From 2014 through 2020 he served as Managing Director and Group Chief Compliance Officer for the Deutsche Börse Group, the international financial markets infrastructure provider based in Frankfurt, Germany. In June 2020, he was appointed to the management board of the German payment services provider Wirecard, where he promptly uncovered internal fraud, was appointed CEO, and initiated a global restructuring. From 2007 to 2012, Mr. Freis was Director (CEO) of the United States Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN), the lead U.S. Government official overseeing anti-money laundering regulation and also the country’s Financial Intelligence Unit (FIU). From 1999 through 2005 he was based in Basel, Switzerland as Senior Counsel to the Bank for International Settlements, supporting investment of monetary reserves, as well as the international financial standard setting bodies. He received his Juris Doctor from Harvard University, a degree in Economics from Georgetown University, and is a Chartered Financial Analyst (CFA) charterholder.
FQX is a blockchain startup based in Zurich, Switzerland. Their primary offering is the eNote. An eNote™ is an unconditional promise to pay a specific sum to another party at a specific future date and can be modularly structured to fit any financing purpose. The eNote™ is based on blockchain technology and can be easily transferred to any third party (i.e. an investor). When compared to other financing tools, eNotes™ excel through their modularity and global transferability, based on a standardized legal framework. With this, eNotes can improve CeFi and DeFi-lending. Single eNotes are stored as NFTs on a blockchain. By issuing multiple eNotes as SFTs, an issuer can obtain financing in a way comparable to commercial papers.
James Freis, commented: “I am pleased to help guide FQX in applying innovative technology together with an internationally recognized foundation in law to deliver concrete products, which I have found truly differentiates the FQX founders from other good thinkers who nonetheless are still struggling to articulate specific use cases.”
Benedikt Schuppli, FQX’s Co-CEO stated: “We’re honored to have James Freis join our team. With his unique combination of skills at the intersection of regulation, financial market infrastructure and technology he is ideally positioned to work on FQX’s RegTech Engine to enable programmable debt securities and compliance by design.”
About FQX
FQX is a born-global start-up headquartered in Zurich, Switzerland. FQX is building a global lending infrastructure for Web 3.0FQX employs more than 20 people in Europe & Asia. FQX has garnered attention in 2021 by winning the Swiss Fintech and the Fintech Germany Awards in its respective categories. FQX is backed by notable Fintech investors, among them SIX Fintech Ventures & Earlybird VC.
Contact:
Jörg Röthlisberger
[email protected]
For more information, please visit fqx.ch
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/122828
A recent warning from the FBI regarding a crypto money transmitter seems to be aimed at the Samourai Wallet. This development highlights the increasing scrutiny and regulatory challenges faced by privacy-focused cryptocurrency wallets and services.
The FBI warning raises concerns about the use of certain cryptocurrency wallets that prioritize user privacy and anonymity, potentially enabling illicit activities such as money laundering and terrorist financing. While the warning does not explicitly name any specific wallet or service, the language used suggests that the Samourai Wallet may be the target of the advisory.
Samourai Wallet is known for its focus on privacy and security features, including coin mixing and stealth addresses, which aim to enhance user privacy and protect against surveillance and tracking. However, these features have drawn the attention of law enforcement agencies and regulators, who are increasingly concerned about their potential misuse by criminals.
The FBI warning underscores the challenges faced by privacy-focused cryptocurrency wallets in navigating regulatory compliance and law enforcement scrutiny. While these wallets aim to empower users with greater control over their financial privacy, they must also address regulatory requirements and law enforcement concerns to avoid legal and reputational risks.
As the cryptocurrency industry continues to evolve, privacy-focused wallets like Samourai Wallet will need to strike a balance between privacy and compliance, ensuring that they can provide robust privacy features while also addressing regulatory concerns and maintaining transparency with authorities. This delicate balance is essential to foster trust and confidence among users and regulators alike, ultimately enabling the continued growth and adoption of privacy-enhancing technologies in the cryptocurrency space.
Source: cointelegraph.com
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Blockchain
Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets
Pantera Capital is reportedly planning to raise $1 billion for a new fund that offers exposure to various crypto assets, as reported by Blockchain.News. This ambitious fundraising initiative underscores Pantera’s continued confidence in the potential of the cryptocurrency market and its commitment to providing investors with diversified investment opportunities in the digital asset space.
The new fund from Pantera Capital aims to capitalize on the growing demand for exposure to cryptocurrencies and blockchain-based assets among institutional and retail investors. By offering a comprehensive portfolio of crypto assets, the fund seeks to provide investors with access to a wide range of investment opportunities, spanning cryptocurrencies, tokens, and other digital assets.
Pantera’s decision to raise $1 billion for the new fund reflects its optimistic outlook on the long-term growth prospects of the cryptocurrency market. With increasing mainstream adoption and institutional interest in cryptocurrencies, Pantera sees significant potential for value creation and capital appreciation in the digital asset space.
As one of the leading blockchain-focused investment firms, Pantera Capital is well-positioned to attract capital from investors seeking exposure to the cryptocurrency market. The firm’s track record of successful investments and its experienced team of investment professionals are likely to bolster investor confidence and support for the new fund.
Pantera Capital’s plans to raise $1 billion for its new fund underscore its commitment to driving innovation and growth in the cryptocurrency market. As the fund attracts capital and deploys it into promising investment opportunities, it is poised to play a key role in shaping the future of the digital asset ecosystem.
Source: blockchain.news
The post Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets appeared first on HIPTHER Alerts.
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