Fiat Republic

Navigating crypto exchange regulations just got easier! 🚀 Our Senior Compliance Manager, Fariha Bajawrhi, breaks down how Individual Virtual Accounts can help you: ✅ Meet segregation requirements ✅ Enhance transparency and trust ✅ Streamline AML and CTF processes Don't let evolving regulations catch you off guard. Learn how to stay ahead of the curve and reduce risk in your crypto exchange. Read Fariha's insights on Individual Virtual Accounts and take control of your compliance strategy today!

Given #crypto market's super high volatility, we often ask the question - how can one navigate a #CryptoBusiness to achieve a consistent growth outside of the bullish hype cycles? You can't control the uncontrollable. The thing is - crypto companies, unlike traditional businesses, need to ride the waves of the market. A highly volatile market, with #bitcoin surging from $55K two weeks ago, only to reach nearly $70K by the end of last week. That's of course on top of a plethora of "the usual" business challenges - attracting talent, securing cashflows, or developing the product. This is why our Co-Founder Sophie GUIBAUD decided to share years of her industry experience and explore hands-on tactics to grow, regardless of the existing market trends. To skyrocket company growth, Sophie offers some specific areas to focus: 1️⃣ Remember about inclusivity Offer a diverse range of services to appeal to all user levels - especially important in Web3, where a lot of user interactions differ from the solutions known from Web2. 2️⃣ Top-notch payment rails Continuously upgrade functionalities for seamless transactions, spotless user experience when paying-in or -out, and to be able to process payments effortlessly at scale. 3️⃣ Build trust & security Engage with regulators, implement advanced security, and ensure user trust. With crypto regulations evolving as we speak (most notably, MiCA coming into force in the EU this year), all #Web3 businesses need a laser sharp focus on compliance. 4️⃣ Develop strategic partnerships Collaborate with banks, VCs, FinTechs and other crypto businesses to build up your services and strengthen regulatory support. A strong network will last even through the rockiest market scenarios. Dive in and learn more about sustainable business growth in crypto! 👇 Read the full article on TechBullion: https://lnkd.in/gAg_69b8

🚀 Reflecting on why the EU leads the regulatory landscape Almost 8 months ago, we invited 3 notable European experts to explore #crypto regulation in the EU. 8 months seems like "forever" in the crypto timeline, so we thought it would be insightful to reflect on everything said and compare it with the reality of mid-2024. 📝 Meet our regulatory experts: Stéphanie Cabossioras (ex Binance France), Bruno Pousset (Atlendis Labs), and Guillaume Massoud (RegSharp). And, of course, Paula Steiner of Fiat Republic as the panel’s host! So, what's changed over the last 8 months? 🥇 Europe's proactive approach Then: Stéphanie pointed out that Europe started its journey in crypto regulation in 2017, with France being a perfect example of a country that supports innovation and protects consumers simultaneously. Guillaume also stressed that Europe is more considerate, thinking carefully about the technology before regulation, such as #DeFi and #Web3. Now: Europe has been proactive in this aspect and is still reaping the benefits. All provisions to be made by MiCAs are expected to be fully implemented by next year. Companies that use compliance as a competitive advantage, such as Bitstamp, are seeing that pay off. 🇺🇸 US vs. 🇪🇺 Europe: Regulatory philosophies Then: Guillaume said that while Europe has a transparent system of regulations, the US has a dispersed system. For example, the SEC still does not have clear definitions of crypto assets compared to Europe's MiCA single regulation. Now: The US still lacks precise regulation, as evidenced by the ongoing debates and setbacks in Congress regarding crypto legislation—most recently, President Biden's veto of the Congress custody bill proved that there is still no consensus. On the other hand, Europe's #MiCA framework is already being implemented, which creates a stable environment for crypto businesses. ⚖️ Europe as an attraction for crypto actors Then: All the panel members concurred that Europe's regulatory certainty makes it more appealing to global crypto participants. Now: Europe has continued to be popular with crypto firms, with several exchanges moving to EU nations (or starting up there) and taking advantage of the legal clarity. 📈 Current landscape Advancements made in the US, like the approval of the #BitcoinETF and the likely approval of the Ethereum ETF, are positive signs. Still, Europe remains ahead with a clear and coherent regulatory framework that attracts global actors and establishes regulatory standards. Watch the whole discussion here: https://lnkd.in/enxM5yMy 

Bringing crypto to the mainstream - where are we now? It’s been less than a year since we hosted our panel on bringing crypto to the mainstream in Paris, with a stellar panel of experts: Mounir Laggoune, Nicolas Louvet, Bertrand GODIN, and Wolf-Alexis Puttfarken. In this post, we'll review their key observations and predictions and examine the progress made since the event. Key insights: 📊 Global adoption: Nicolas compared the global distribution of crypto assets, which ranges from 8-11% in France to 20% in Latin America and Southeast Asia. 📈 Mass adoption: Wolf-Alexis mentioned that the actual mass adoption could be between 200 and 300 million daily active users (DAU). Bertrand also stressed the necessity of the gap in corporate adoption by comparing it to traditional currencies in corporate accounts. 🔍 Real-World applications: Mounir said that the crypto will be integrated when it becomes the background for services. Some examples include NFTs and metaverse projects by established brands such as Coca-Cola and Adidas, though users have since lost interest post the bull run of 2020-2021. 🛡 Regulation: All the panelists agreed that regulatory certainty is needed. Mounir also underlined the risks of over-regulation hindering innovation, while Nicolas and Bertrand stressed the need for stable regulations to build institutional investors’ trust. Commentary on those trends today: 📊 Global Adoption: The global average cryptocurrency ownership is 6.8% or 560 million users. The UAE leads with 30% ownership, followed by Vietnam at 21% and the USA at 15%. 📈 Mass Adoption: We are far from a Web 3 world with 300m DAUs, but progress is evident. Bitcoin ETFs and the preliminary approval of three Ethereum ETFs make crypto less volatile and more secure. Corporate adoption is still in its infancy but will help build trust and move beyond speculative use. 🔍 Real-World Applications: Many real-world crypto applications are still theoretical, but hope exists. PayPal's entry into B2C and B2B spaces signals potential mainstream adoption. Established, trusted players entering the market may attract more everyday consumers. 🛡 Regulation: MiCA was approved in 2023 and will take full effect in 2025, marking a significant step for global crypto regulation. Robinhood's purchase of Bitstamp, known for its compliance-forward approach, underscores the value of robust regulatory operations. 🎥 You can watch the original discussion here: https://lnkd.in/ed8A7HXX

We’re thrilled to announce that Adam Bialy, the Co-founder, and CEO of Fiat Republic, will be touching down in Nashville in two weeks to attend The Bitcoin Conference.🛬 Special guest speakers that Adam is most looking forward to include: Executive Chairman and Founder of MicroStrategy,  Michael Saylor, Cybersecurity expert and whistleblower, @Edward Snowden, Founder and CEO of ARK Investment Management LLC, Catherine Wood, oh and a few 2024 presidential candidates  😉 Aside from the impressive lineup of speakers and networking opportunities, Adam eagerly anticipates the highlight of Bitcoin 2024: Bitcoin Pitch Day. From Layer 2 scaling innovators to mining and energy engineers, these presentations are set to address crucial problem areas in Bitcoin's development trajectory. As an avid investor, Adam is particularly excited to see the various Bitcoin Alpha presentations. 📈 If you’ve got five to chat, send us or Adam a message 💬

🚀 Virtual Accounts: A new way to innovate your crypto exchange. 🚀 Discover how Individual Virtual Accounts can transform your crypto platform: 1️⃣ Stay ahead of the competition with familiar UX  2️⃣ Boost customer loyalty through simplified processes  3️⃣ Streamline onboarding for new crypto users 4️⃣ Reduce friction in deposits and withdrawals 5️⃣ Improve reconciliation and transaction monitoring You can find more information about how Virtual Accounts can boost your exchange’s performance in our new carousel. Are you ready to level up your crypto exchange? Let's connect and discuss how Virtual Accounts can benefit your platform! 📥

"Beyond jitters. How embracing fear led me to leapfrog my entrepreneurial journey" was the title of Sophie GUIBAUD’s (CGCO at Fiat Republic) speech during the Point Zero Forum 2024 last week. A moving case study based off personal insights and experiences, unfolded Sophie’s founder story and shared her perspective on overcoming challenges in #FinTech. 🪙 With multiple awards and recognitions, such as “Standout 35” or “Women in FinTech Powerlist”, Sophie’s take on personal growth had the audience on edge at the #InsightStage last week! We loved the energy ⚡ But there was a lot more to the conference in Zurich. The event covered a range of high-tech topics like AI, Quantum Computing, ESG, and #Blockchain. Some of our observations: TradFi and Web3 A very insightful Oxford-style debate on “Bridging finance” with Dante Disparte of Circle Bank cought our eye. The panel dived deep into how current digital asset technology is enabling a more connected and open financial system. TradFi and #crypto aren’t just competing, they actually complement each other in a lot of use cases. What's next for AI The presentation by Navin Suri was a hard hitting briefing on the latest developments in #AI. Navin went on to discuss whether to produce “standards or startups first”, and debated whether to pause or accelerate innovation. “The stakes have never been higher” as the author suggests. Blockchain to the rescue A session on advancing inclusive growth moderated by Matthias Kroner offered a much needed fresh perspective on the transformative power of blockchain technology in advancing global aid initiatives. 🌱 It was a great opportunity for Fiat Republic to be part of these important discussions. 🙏 See you next year, Zurich!

🪄 💼 Mastering embedded finance: a complete guide for fintech innovators 🌐As Web 3 slowly approaches, it is worth investigating Web 2 infrastructure that might join the ride. 🚆 Read the full post here: https://lnkd.in/dP4gK_-w 🏢💻Step into the world of embedded finance, an industry already revolutionizing how we handle our finances. In this article, Fiat Republic’s Finance Director, Dave McKenzie, delves into everything you need to know about this growing field: 📈 The revenue of the industry is set to increase 148% from $92 billion to $228 billion in 2028 💻The technological drivers behind the embedded finance boom 🏢 The core business case for adopting embedded finance ⚡ Challenges and pitfalls of embedding financial products & services And much, much more!

🚀 How Virtual IBANs are revolutionizing crypto exchanges 🔄 ✉️ Virtual IBANs are virtual account numbers that can be used to send and receive payments with unique payment information. For many crypto exchanges not using Virtual IBANs, an inordinate amount of time is spent on reconciliation or locating lost funds - in the case of missing payment information. 🚄By using custom payment information, Virtual IBANs can automate the reconciliation process Virtual IBANs come in two types: Individual IBANs and Pooled IBANs. 🏦Individual IBANs provide users unique account numbers, making managing their deposits and withdrawals simple. 💫 Pooled IBANs simplify the handling of larger, aggregated transactions. 📜Overall, Virtual IBANs help ensure regulatory compliance by allowing exchanges to separate customer funds from operating funds. 🏎️💨 Virtual IBANs are not just about efficiency; they're about speed. They enable faster, real-time payments, a game-changer in the dynamic world of cryptocurrencies. Get ready to experience the thrill of instant transactions. Join the revolution and take your crypto exchange higher with Virtual IBANs!

🏟️🥽 With the Euros currently going on and the Paris Olympics fast approaching, what would it look like to bring the metaverse in spice things up? Listen to Min Wei, former Head of Partnerships Blockchain.com share her thoughts: “From a high level, metaverse, and sports are a perfect union. Fans unable to attend stadiums in real life could experience them in the metaverse. That's a game changer! We can bring everything into the metaverse - seats, concessions, merchandise. There's really fun potential for sports partnerships in this space.” ⛌  What do you expect to find when sports and metaverse intersect? Leave your thoughts in the comments below. Intrigued? 🤔 Head over to our YouTube channel and tap the bell to receive more Crypto Legends! 👉 https://lnkd.in/eW6W2mkZ