ChangeInEx, Inc.

Bringing property rights and financial inclusion to the unbanked
through trust, transparency, and tech.

[Stephen Hollingshead @PolicyDr]

Speed matters. Especially for disaster survivors.

My latest in @DailyCaller.

https://t.co/YxUMwDIYWn

[Carl Schramm @CarlSchramm]

Just translated into Italian!  Now in nine languages! Questo e l’unico libro che si basa su prove empiriche cause del successo per gli imprenditori.

https://t.co/ZMIQK8W459

[ChangeInEx, Inc. @changeinex]

@Genegr2 Wonderful news. Congratulations!

[Gene A. Grant II @Genegr2]

https://t.co/ChbQ1LJVSX

LevelField Bank is approved!

The bank will serve consumer and business customers in the bitcoin and digital asset communities, as well as businesses in other underbanked industries. LevelField Bank fully supports digital assets, and whether our customers want to buy/sell/hold/borrow, we will meet their needs through BTC-backed loans, custody, trading, and regular bank accounts.

[ChangeInEx, Inc. @changeinex]

“While many countries have pledged humanitarian aid, Afghanistan also urgently needs a functioning banking system to address the crisis. Most Afghan banks are barely operating now,” a recent report by Human Rights Watch observed.

https://t.co/b2bGqpZx7X

[ChangeInEx, Inc. @changeinex]

Good points--

1. Liquidity: Banks lack cash.
2. Low public trust → bank runs.
3. Sanctions prevent trade and money transfer
4. Taliban interp. of Islamic banking uncertain
5. Bleak economic outlook in general
6. ‘Brain drain’ of bank staff

#AfghanistanBank #liquidity

[JURIST @JURISTnews]

From Kabul to @JURISTnews: "The Taliban-led central bank, Da #Afghanistan Bank, recently declared that the country’s banking sector will resume normal operations soon. The central bank is making such a claim while the liquidity crisis has forced commercial banks to default..."

[Ugochi Daniels @daniels_ugochi]

Migrant remittances continue to outpace foreign aid and development assistance.

@IOM_GMDAC's new report highlights the invaluable contributions of migrants during the pandemic and the increasing demand for skilled migrant labour.

https://t.co/c98MthBX3u

[Colley Cibber @situate]

"When the Taliban took control of Afghanistan ... the international community pulled all funding and froze billions of dollars of Afghanistan’s assets abroad. For a country heavily dependent on foreign aid, the consequences have been devastating." https://t.co/WIlkqnfG4J

[ChangeInEx, Inc. @changeinex]

Afghanistan’s frozen humanitarian funds | https://t.co/bsN3RHVLJ8

#logistics #compliance #sanctions #stickingpoint
@TheEconomist

[ChangeInEx, Inc. @changeinex]

A good brief, and we agree: "To prevent a humanitarian disaster, the US, the UN, the EU and Western allies must devise avenues by which food and medical supplies can legally enter the country"

#DeriskingCrisis #AfghanAid #CompliantSupplyChain

[ChangeInEx, Inc. @changeinex]

The Afghan people need a secure compliant channel for cross border banking

[Michelle Nichols @michellenichols]

The United Nations on Monday pushed for urgent action to prop up #Afghanistan's banks, warning that a spike in people unable to repay loans, lower deposits and a cash liquidity crunch could cause the financial system to collapse within months.

https://t.co/ghAXpQUVYo

[Balaji @balajis]

Second, focus on technical and legal support for pseudonymity.

The only way to eliminate both cancellation and discrimination from digital environments is to allow people to separate their physical selves from their online personas.

Minimum necessary information.

[ChangeInEx, Inc. @changeinex]

"AML leaders covered a broad range of issues including internal audit, examiners, third party vendors and technology and all seemed to arrive at the same place—much of the infrastructure surrounding AML sometimes contributes to inefficiency and misplaced allocation of resources."

[Charity & Security Network @CharitySecurity]

Excellent blog from @AMLRightSrc on challenges banks face w auditors and regulatory examiners #AML #derisking https://t.co/4EpI0N8u3T

[ChangeInEx, Inc. @changeinex]

"The solution for the financial institutions to limit their own money laundering risks enhances not only the externality problem of money laundering but also creates another externality problem of financial exclusion"
@kallerosedk on the #DeriskingCrisis
https://t.co/PHGqTp5jhF

[William Easterly @bill_easterly]

What used to be offensively called the "Third World" (Africa/Asia/Latin America) now produces more total GDP than the "First World" (Western Europe/ US/ Canada/ Australia/NZ/Japan)

[Stephen Hollingshead @PolicyDr]

Great point by @DGSmartAfrica Lacina Koné: African countries need a Blockchain standard for KYC to promote the trust that facilitates commerce.

@RealSmartAfrica #TAS2019
@nsengimanajp

[Stephen Hollingshead @PolicyDr]

If we want to bank the unbanked we have to connect the unconnected.

#TAS2019 @realsmartafrica

[Stephen Hollingshead @PolicyDr]

“49% of the world population remains unconnected.” ⁦@RealSmartAfrica⁩ #TAS2019

[Alex Tabarrok @ATabarrok]

Actually, all companies help workers to pay down student loans. https://t.co/t5m6l3JhYm