Artifical Intelligence - Smart Economy

Cryptocurrency co-movements and Crypto Exchange Movement: The Relocation of Binance

Submitted by Umar Farooq Patel on Tue, 08/30/2022 - 17:07
Binance, the largest cryptocurrency exchange by traded value, relocated from Hong Kong (origin market) to Malta (destination market). This study exploits this relocation event by examining the comovement of Binance’s native token with the native tokens of other cryptocurrency exchanges in the origin and destination markets. Using multivariate regression analysis, our results show that Binance experienced a significant decline in comovement with its origin market after moving to Malta.

Fintech in Islamic Finance: An Introduction

Submitted by Munir on Wed, 08/24/2022 - 10:54

Just as we were editing this book, Malaysia introduced new subsidiary legislation to regulate cryptocurrencies in the country. The news hit global headlines, particularly among the tech communities. The law, Capital Markets and Services (Prescriptions of Securities) (Digital Currency and Digital Token) Order 2019, which regulates all initial coin offerings (ICOs) and cryptocurrencies, came into force on 15 January 2019.

Sustainability, Trust, and Blockchain Applications in Islamic Finance and Circular Economy: Best Practices and Fintech Prospects

Submitted by Munir on Wed, 01/26/2022 - 12:28

Since the adoption of the SDGs in 2015, it has been a 5-year journey of trial-and-error experimentations all over the world to come up with innovative solutions beyond business-as-usual and get the job done. In this paper, we assess blockchain-backed solutions beyond the hype.

Introduction: FinTech and Islamic Finance in the Gulf Cooperation Council (GCC)

Submitted by Munir on Wed, 01/26/2022 - 11:52

The banking and financial landscape in the last decade has been inundated with ‘technology’. Financial Technology (FinTech), Insurance Technology (InsurTech) and Regulatory Technology (RegTech) are just some of the new buzzwords. Close to 80% of Fintech investments happen in the US, while it is growing rapidly in Europe, Asia-Pacific and the rest of the world. In the Gulf Cooperation Council (GCC), Fintech development is gaining ground with the support of the regional governments in the UAE, Saudi Arabia and Bahrain.

Fintech, Digital Currency and the Future of Islamic Finance:Strategic, Regulatory and Adoption Issues in the Gulf Cooperation Council

Submitted by Munir on Sun, 01/23/2022 - 22:25
The banking and financial landscape has been inundated with technology over the last decade, with FinTech, InsurTech and RegTech being just some of the new applications within finance. In the Gulf Cooperation Council (GCC), FinTech is yet to ­find its feet despite several digital transformation drives initiated by the regional governments in the UAE and Bahrain. In comparison to conventional ­finance, the use of FinTech within Islamic financial institutions (IFIs) in GCC countries is still in its very early stages.
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