[2016-07-02] CT: London’s Fintech Crown Up For Grabs After Brexit As Dublin

[CoinTelegraph UK]

The race is on between European cities including Frankfurt, Dublin and Paris for London's finance crown following the Brexit vote.

Just a day after the vote result was announced last week, Ireland's foreign investment agency had already contacted more than a thousand investors letting them know the Emerald Isle is part of the European Union and will remain so, while offering assistance in moving staff over from the United Kingdom.

Although this is all very premature as Article 50 is yet to be triggered and when it is, there will be up to two years of negotiations, these other major European cities are wasting no time in trying to hasten its downturn.

http://cointelegraph.com/news/londons-fintech-crown-up-for-grabs-after-brexit-as-dublin-paris-frankfurt-cajole-bankers

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[aso118]

The race is on between European cities including Frankfurt, Dublin and Paris for London's finance crown following the Brexit vote.

Just a day after the vote result was announced last week, Ireland's foreign investment agency had already contacted more than a thousand investors letting them know the Emerald Isle is part of the European Union and will remain so, while offering assistance in moving staff over from the United Kingdom.

Although this is all very premature as Article 50 is yet to be triggered and when it is, there will be up to two years of negotiations, these other major European cities are wasting no time in trying to hasten its downturn.

http://cointelegraph.com/news/londons-fintech-crown-up-for-grabs-after-brexit-as-dublin-paris-frankfurt-cajole-bankers

The Netherlands can be a key contender too.
It is a tax friendly jurisdiction and many international holding companies have been set up there.

[Kaneki]

Money-transfer and payments start-ups would be hardest hit by the end of EU passporting, but as the jury is still out on the true impact of Brexit on the fintech industry, we will just have to wait and see if London’s finance crown goes up for the taking and if Dublin could be the European city to take its place.