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Miami-Dade judge rules that Bitcoin is not actually money, noting that bitcoin was not "tangible wealth" and "cannot be hidden under a mattress like cash and gold bars." Read more at Forbes and The Washington Post


UK forms a "fintech bridge" with South Korea. The cooperation agreement is similar in substance to the deal between Australia and Singapore, and allows both parties access to the counterparty's market and capital, as well as becoming the entry point into the larger continental market and capital. Read more at Reuters


Paris begins their push to become the new European hub for FinTech. The Paris region is home to nearly 100 business incubators, and a new structure is set to open in January 2017 that will be able to host up to 1,000 startups. Read more at Crowd Valley


FinTech blogger offers a glimpse into the budding FinTech scene in Africa, highlighting key companies and their work. Read more at OFF3R.News


PayPal buries the hatchet with Visa, forming a partnership to introduce new mobile payment capabilities. The partnership will allow instant money transfers for PayPal users with Visa debit cards, and will allow brick-and-mortar merchants to accept PayPal payments seamlessly. Read more at Tradestreaming


American Banker outlines the challenges of blockchain vendors trying to meet the privacy and regulatory needs of banks. Read more at American Banker


The European Commission could introduce a mandatory database tracking the users of cryptocurrencies by 2019, although the exact method of implementation has yet to be announced. Read more at Law360

Multinational corporations such as Apple are using FinTech companies to access previously inaccessible capital in their supply chains. Read more at Harvard Business Review


The Monetary Authority of Singapore proposes a sandbox scheme to better understand and figure out whether new regulations are necessary to support the local FinTech industry. Read more at ZDNet


Seven financial instutions, including BNP Paribas Securities services, announced they would be working together to explore the possibility of a post-trade blockchain system for small and medium sized enterprises in Europe. Read more at Law360


The Financial Stability Oversight Council release their 2016 annual report, flagging FinTech developments as a possible risk to the financial system. Read more at Law360 and also FinancialTimes


Distributed-ledger technology gains traction as seven more banks jumps on board. Read more at Fortune


The reputational risk of blockchain technology was on display with the blockchain-based fund DAO closings its doors following a loss of $55 million from a hacking incident. Read more at The Wall Street Journal Blog


Europe's largest exchanges operator, Deutsche Börse, will begin making new investments using a new venture capital fund targeting FinTech in capital markets. Read more at FinancialTimes


Euroclear, one of the world's largest settlement houses, explores creating a blockchain-based settlement system for the London gold market. Read more at FinancialTimes