According to Usul Hukuk Lawyer Kaan Ozcelik, Blockchain Technologies Have Already Joined the Fintech Ecosystem – Yahoo Finance

2021 was recorded as a year in which the fintech sector ran towards record worldwide. The sector was supported greatly by new players like cryptocurrencies, blockchain, contactless payment, and cybersecurity stepping in. As stated in the “Pulse of Fintech” report by KPMG in 2021, which is a company offering corporate finance and consulting services, 5,684 transactions with a total value of $210 billion were made in the fintech sector.
Featured Image for Usul Hukuk Law & Consultancy
ISTANBUL, Sept. 12, 2022 (GLOBE NEWSWIRE) — 2021 was recorded as a year in which the fintech sector ran towards record worldwide. The sector was supported greatly by new players like cryptocurrencies, blockchain, contactless payment, and cybersecurity stepping in. As stated in the “Pulse of Fintech” report by KPMG in 2021, which is a company offering corporate finance and consulting services, 5,684 transactions with a total value of $210 billion were made in the fintech sector. These operations were recorded as an increase of 55% compared to the previous year and centered in the USA, Europe, the Middle East, and the Asia Pacific regions in particular. Usul Law & Consulting Lawyer Kaan Ozcelik stated that companies that don’t cooperate with fintech couldn’t carry their businesses into the future; therefore Usul Hukuk aims to provide an up-to-date service by adopting the newest fintech solutions to its business standards.
Fintech, a combo of the words “financial” and “technology” is included in every part of daily life today. As mentioned by Lawyer Kaan Özçelik, the traditional banking system is affected by digital trends and is full of numerous opportunities. According to Ozcelik, who said there are some risks in this favorable sector mostly caused by lack of knowledge, also stated that financial literacy is a key for hedging. Usul Hukuk, a law & consulting firm based in Istanbul, sets a great example about how to bring transparent lawyer services through the power of blockchain and fintech solutions. By having expert attorneys along with work-efficient fintech developments, Usul Hukuk solves problems in every field of public and private law, including Commercial Law, Labor Law, Criminal Law, Tax Law, Administrative Law and Execution and Bankruptcy Law.
“A New Banking Concept is Evolving to Offer Fast Solutions With Fintech”
Recent studies showed that in 2021 the size of online and contactless payments increased by 41% compared to the year before, and money transfers and bill payments became one of the most demanded e-services. The veteran lawyer Ozcelik examined this data and indicated that digital banking is the driving force for the Fintech sector and the widespread use of the online and contactless payment systems carries Fintech studies into the future.
Saying that Fintech studies carry on in many industries simultaneously, Ozcelik added: “It’s a fact that digital revolution after the pandemic reshaped mobile and i̇nternet banking systems. What users love about these structures is the fast and comfy usage scheme. As fintech solutions are digital-based, they don’t require many expenses; thus users not only have low-priced services but also benefit from personalized financial instruments.”
“Blockchain Technologies Are Now Accepted As Fintech Instruments”
Lawyer Kaan Ozcelik specialized in capital market law and crypto assets regulations, and manages the process of public listing for internationally recognized US companies, commented about the place of blockchain technologies in the Fintech world: “Even though blockchain-based cryptocurrencies are not entitled by authorities, they have already included in the Fintech ecosystem. Despite the slow progress of understanding and regulating this technology, it’s unarguably unfolded that cryptocurrencies are being used as financial and investment instruments. Regulations by the EU, mainly intend to prevent money laundering and terrorist financing. Today many crypto-asset platforms are based in Lithuania and Switzerland as long as platform operators can prove their assets and liquidity providers. The reason is that the adjustment laws in both countries have a mediator approach for Fintech solutions. Also, the tax advantages in specific regions draw investors’ attention. Likewise, some locations in the USA allow crypto mining provided that crypto-fiat conversion is made and the taxes are paid properly. In line with these regulations, some authorities whose crypto-asset approaches are at an intermediate level, desire to benefit from cryptocurrencies by understanding blockchain technology. Nevertheless, it’s one of Usul Hukuk’s duties to help people and companies about comprehending how to engage with these new resolutions as a part of preventing money laundering and terrorist financing rules.”
“Fintech Risks Could Be Eliminated With Financial Literacy”
Lawyer Kaan Ozcelik indicated that new players brought by the Fintech sector led banks to collaborate especially for protecting consumer rights and being more transparent. Emphasizing that there are some risks in this fast and advantaged system, Ozcelik added, “Reformer banking system has many tools that work to the advantage of its users. In addition, even though it is not officially accepted, more universal technologies such as cryptocurrency and blockchain are available now. These types of equipment has lots of advantages along with some risks such as uncertainty of digital consumer rights and unavailability of taking fast-made money transfer orders back.”
Ozcelik underlined the key element to prevent risks is to follow sectoral developments closely and said, “FinTech tools continue to be renewed by going through a high-speed adaptation process. Ongoing studies also show that these tools will become much more common in the future. Usul Hukuk, whose goal is giving universally accepted law and consulting services, is heading towards improving financial literacy and providing comprehensive information about the tools used. To do so, the company aims at informing customers about legal rights to be prepared for cyber attacks and personal data security.”
Press Contact Information
Av Kaan OZCELIK – Usul Hukuk
Related Files
Av. Kaan OZCELIK PR.docx
Av. Kaan OZCELIK PR.pdf
Related Images

Image 1

This content was issued through the press release distribution service at
Featured Image for Usul Hukuk Law & Consultancy

The bank said the acquisition would help it build its next-generation merchant acquiring platform and boost its payments modernization strategy.
After a disappointing fiscal second-quarter earnings report for the period ending July 31, shares of Nvidia (NASDAQ: NVDA) slumped and are now down more than 57% from their all-time highs. The data center systems and automotive industries represent $600 billion of that total potential.
This adage is a terrific way to illustrate that buying quality stocks when demand is low will pay off when demand is up. As Warren Buffet once said, "Whether we're talking about socks or stocks, I like buying quality merchandise when it is marked down." "Best-in-breed" companies that have massive moats and pay impressive yields are a great place to start, and Amazon (NASDAQ: AMZN), Intuitive Surgical (NASDAQ: ISRG), and AbbVie (NYSE: ABBV) are three fantastic examples.
You might think that investors would love Moderna (NASDAQ: MRNA) based on its business performance. It's on track to sell $21 billion of its COVID-19 vaccines this year. The company also continues to pick up authorizations and approvals across the world for its new vaccine targeting the coronavirus omicron variant.
In this piece, we will take a look at the ten best lithium stocks to buy now. If you want to jump ahead to the top five stocks in this list, then head on over to the 5 Best Lithium Stocks to Buy Now. Just as the internal combustion vehicle is dependent on the crude […]
U.S. stocks nosedived Tuesday after a surprising inflation report showed prices rose more than expected last month.
Net worth is a financial metric that can help you keep your individual picture of your finances in perspective. The average net worth by age, in this case, refers to the net worth of the households in the U.S. divided … Continue reading → The post Average Net Worth by Age appeared first on SmartAsset Blog.
In the hit movie The Social Network, which recounts the founding story of Meta Platforms' (NASDAQ: META) Facebook, a key character tells a young Mark Zuckerberg that his company is headed for a billion-dollar valuation. Let's take a closer look at three stocks with real potential to be trillion-dollar companies by 2030, delivering strong gains for investors along the way (spoiler alert: Zuckerberg's Meta Platforms is one of them).
(Bloomberg) — US stocks extended losses and Treasury yields spiked higher across the board after hotter-than-expected inflation data fueled bets for a jumbo rate hike by the Federal Reserve next week.Most Read from BloombergUS Inflation Tops Forecasts, Cementing Odds of Big Fed HikeThe World’s Hottest Housing Markets Are Facing a Painful ResetUkrainian Successes Raise Russian Collapse to Realm of PossibilityJeff Bezos’s Blue Origin Rocket Suffers Failure Seconds Into Uncrewed LaunchStocks Crush
In this article, we will look at Jim Cramer’s top 5 LNG stock picks for the “long haul”. If you want to skip reading about why the LNG market is becoming a lucrative investment opportunity right now, you can go directly to Jim Cramer Recommends These 2 LNG Stocks for the “Long Haul”. Europe’s Energy […]
Markets are up in recent sessions, and year-to-date losses have moderated somewhat. The NASDAQ, which has taken the hardest hits this year, is back above 12,200, although still down 22% this year. The S&P 500 has managed to climb back out of the bear market, is above 4,100 now, and its year-to-date loss stands at 14%. Neither index has really tested its June low again in the last two months, and recent trends are upwards. Writing for JPMorgan, global investment strategist Elyse Ausenbaugh gives
It's been over a decade since Apple (NASDAQ: AAPL) ran its "Get a Mac" campaign, a series of TV ads featuring a casually dressed man named Mac and a formally dressed man in a suit and tie representing a Microsoft (NASDAQ: MSFT) personal computer (PC). The ads ran from 2006 to 2009 and often depicted Apple computers as faster and hipper, while Microsoft's PCs were slow and outdated. Now a piece of history in the tech world, the ad campaign was one of the last times Apple and Microsoft were truly put up against each other for all to see, as the businesses have slightly diverged.
It's time to be extra picky.
The overall cost of food rose 11.4%, with the food-at-home category, groceries, up 13.5% year-over-year.
Shares of Intel are moving to its lowest levels in five years amid the company weighing the decision to delay its Mobileye IPO. 
It's been a long, slow, painful decline for software automation company UiPath (NYSE: PATH). The good news is the business itself is still growing, but the bad news is that growth rate is slowing — and profitability remains elusive. It was notable that UiPath crossed the mark of $1 billion in annualized recurring revenue (or ARR, which annualizes the value of recurring subscription sales) in Q2 of its 2023 fiscal year.
Miller Tabak + Co.'s chief market strategist Matt Maley has his eye on three troubled areas of financial markets right now. He thinks investors need to be looking at them too.
During the six-month period between January and June, the S&P 500 tumbled hard into bear market territory, only to rally higher since. Over the past two decades, there have been a number of market crashes — from the dot-com bubble of the early 2000s to the pandemic outbreak of 2020, and the financial and housing markets collapse in between — yet through it all the stock market returns averaged 9.5% a year. In the 10-year period before the global crisis, Royal Caribbean stock returned more than 420% compared to 190% gain by the S&P 500, an amazing run-up during a big bull market.
Yahoo Finance Live anchors discuss stock market performance after August Consumer Price Index (CPI) data is revealed.
Runaway inflation and rising interest rates are making bears out of investors and keeping stock markets under pressure this year. Despite sliding stock prices across the board, some billionaire money managers kept confidently buying as the market plunged in the second quarter of this year. Here's what you should know about three stocks that billionaire hedge-fund managers were buying while the overall stock market was tanking.


Leave a Comment