Vermont regulator says Crypto lender Celsius misled investors; & more!

from Connecting the dots in FinTech... by Marcel van Oost · host Marcel van Oost

Sign up for my Daily Fintech or Daily Digital Banking Newsletters here. Check out my latest podcast episode below: Welcome to your daily FinTech news! In case you missed it, please see below today's most relevant news, or tune in to our Daily Fintech Podcast here. NEWS HIGHLIGHT Vermont regulator says Crypto lender Celsius misled investors by making "false and misleading claims" about its "financial health and compliance with securities laws," according to a court filing. The filing cites blogs and tweets from Celsius CEO Alex Mashinsky, including one insisting that "all funds are safe" when in fact, says the filing, "the company was insolvent, and depositor funds were not safe." Link here. FINTECH NEWS #Insights €75.3 million were raised across nine deals. This week Germany was the clear winner in a fundraising activity, contributing 5 of the eight deals, followed by the United Kingdom. Link here #APAC Report: SE Asia’s FinTech Landscape. Southeast Asia’s digital economy is projected to hit $363 billion by 2025. M&C Saatchi Performance report explores the four key trends in this sector. Link here Asia-Pacific reached a record $41.8 billion with 607 deals in the first half of the year. The region saw a diversity of jurisdictions attract very good-sized deals. Link here

What this episode covers

Sign up for my Daily Fintech or Daily Digital Banking Newsletters here. Check out my latest podcast episode below: Welcome to your daily FinTech news! In case you missed it, please see below today's most relevant news, or tune in to our Daily Fintech Podcast here. NEWS HIGHLIGHT Vermont regulator says Crypto lender Celsius misled investors by making "false and misleading claims" about its "financial health and compliance with securities laws," according to a court filing. The filing cites blogs and tweets from Celsius CEO Alex Mashinsky, including one insisting that "all funds are safe" when in fact, says the filing, "the company was insolvent, and depositor funds were not safe." Link here. FINTECH NEWS #Insights €75.3 million were raised across nine deals. This week Germany was the clear winner in a fundraising activity, contributing 5 of the eight deals, followed by the United Kingdom. Link here #APAC Report: SE Asia’s FinTech Landscape. Southeast Asia’s digital economy is projected to hit $363 billion by 2025. M&C Saatchi Performance report explores the four key trends in this sector. Link here Asia-Pacific reached a record $41.8 billion with 607 deals in the first half of the year. The region saw a diversity of jurisdictions attract very good-sized deals. Link here

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Vermont regulator says Crypto lender Celsius misled investors; & more!

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This episode was published on September 8, 2022.

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