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