FCA promotes global financial innovation network and joins JoJo to soar internationally
According to Cointelegraph, an official press release issued by the Financial Conduct Authority (FCA) on August 7 said that the agency has announced and developed a global plan to improve and strengthen regulators and companies. Financial technology innovation cooperation and blockchain...
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FCA said that they have established a new corporate alliance, the Global Financial Innovation Network (GFIN), which will cooperate with 11 financial institutions and related organizations around the world to assist financial technology companies. It is easier and more convenient to communicate with regulators in various countries. GFIN has three main business concepts: First, a network of active regulators, cooperation and exchange of innovative experiences in their respective markets, including innovative technologies and business models; Second, providing platforms for common policy work and discussion; Third, providing and testing across companies The environment for regional solutions.
The UK continues to actively promote cryptocurrency and blockchain technology innovations, and it is expected that by 2022, the UK will become a leader in the European blockchain technology and encryption economy. The establishment of GFIN is also part of the implementation and development of the FCA Global Financial Technology Supervision Sandbox Project. The “Regulatory Sandbox” can effectively reduce the risks associated with regulatory actions. The FCA's regulatory sandbox provides a single national financial regulatory agency for financial technology companies, clearly defining regulatory standards and test parameters, and avoiding cumbersome rules. Direct cooperation of supervisors.
Christopher Woolard, FCA board member and executive director of strategy and competition, believes that the launch of GFIN will not only help companies provide more financial innovation services to consumers, but also control the potential risks of enterprises more effectively.
Since its inception, JoJo Global has adhered to the standards set by the FCA and obtained an authorization license (No. 784477) directly from the FCA. It also attaches great importance to the security of customers' transactions and conducts various investment projects with peace of mind. With more than 20 years of practical experience, the core management team members have many years of experience in internationally renowned banks, top financial institutions and other companies, and insist on the establishment of complete products, research and development, risk control, finance, customer service, comprehensive standardization of business processes and risk control systems.
Diversified business scope includes: currency pairs, precious metals, crude oil, indices, etc. Headquartered in England, it uses network information security technology that meets the highest international standards. As an authorized FCA platform, the FCA will strictly follow the guidelines set by the FCA to ensure fair, fair and transparent transactions, reduce investment risks and provide first-class security for customers.
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