Not too surprisingly, pan European regulator ESMA has decided to extend its CFD and Forex leverage cap (and related rules) beyond the three month trial period which will end on November 1. However, ESMA did give 'something back', relaxing one of the more annoying marketing related rules it instituted (see bold text below). Interestingly, the three…
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UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the company KontoFX. KontoFX is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which require authorisation:…
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The Securities and Exchange Commission (SEC) has announced that it has charged Elon Musk, CEO and Chairman of Silicon Valley-based Tesla Inc. (NASDAQ:TSLA), with securities fraud for a series of false and misleading tweets about a potential transaction to take Tesla private. On August 7, 2018, Musk tweeted to his 22 million Twitter followers that…
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CoinBene, the secure crypto asset exchange with 1.5 million users in 150 countries, has announced the addition of BOScoin to its exchange. BOScoin is a Self-Evolving Blockchain Platform for Public Financing. Public Financing creates credit, not through decisions made by a central bank or government, but through the collective consensus of individuals who use and…
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Klarna, the payment provider, and OXID eSales, a provider of e-commerce solutions and services, has announced that they will partner to enable more than 12,000 merchants to seamlessly integrate Klarna’s full suite of payment methods, providing customers with flexibility in payments and a smoother shopping experience. Klarna is now part of the core integration in…
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Malta is known as the "cryptocurrency heaven", as it has been one of the top destinations for crypto enthusiasts, techies and investors. Now, the country is preparing some new cryptocurrency regulations that will come into effect in November, 2018. From potentially partnering with OKEX and "housing" cryptocurrency exchanges such as BitBay and Binance, Malta is…
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The U.S. Securities and Exchange Commission (SEC) has announced that it has charged a group of internet marketers who allegedly created and disseminated elaborate rags-to-riches videos to trick retirees and other retail investors into opening brokerage accounts and trading high-risk securities known as binary options. According to the SEC’s complaints, investors were conned out of tens…
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Technology start-ups can benefit from public funds: EU, federal and state governments grant corresponding loans and subsidies. But who is offering what exactly for whom and under what conditions? Members of Deutsche Börse Venture Network now have it easier: the new cooperation partner förderbar guides them through the complex variety of funding possibilities. Founders do…
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The Financial Conduct Authority (FCA) has just published a Decision Notice concerning Linear Investments Limited (Linear). Linear failed to take reasonable care to organise and control its affairs responsibly and effectively to ensure potential instances of market abuse could be detected and reported. The failure occurred from 14 January 2013 to 9 August 2015. Linear…
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Neufund, the end-to-end primary issuance platform for security tokens, has announced that it is partnering with trading facility, Blocktrade.com, to bring much needed liquidity to tokenized real-world assets. This alliance follows previous secondary market partnerships with BitBay, Binance, and MSX of Malta Stock Exchange. Neufund’s set of protocols for enhanced ownership allows anyone to give real-world assets…
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