Banks and financial institutions are all over the place with cryptocurrencies: they "love" them, they "hate" them. And while blockchain is sweeping the floor with new applications in hundreds of industries and companies, the future of cryptocurrencies is yet unclear. One surprising rumour right now is that the first cryptocurrency bank is going to open…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Good Crypto. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their tactics to…
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Following a review by Australian regulator ASIC, five Australian banks have informed that they will improve their compliance measures and controls for deposit accounts that can be operated by a third party, such as a financial adviser. ASIC’s industry-wide review was prompted by concerns raised through an investigation of the conduct of persons involved in…
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Atonomi, the blockchain-based arm of IoT security provider CENTRI Technology, has announced the appointment of seasoned technology and business leader Robert “Rob” Strickland to the role of CEO for both companies. Strickland, who has also served as the longest member of the Board of Directors, brings more than 30 years of experience in driving innovation…
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Australian regulator ASIC has just announced that it has permanently banned Bee Chin Lim, also known as Vicky Bee Chin Lim of Yagoona in New South Wales, from providing financial services. Ms Lim was the sole director of JJ Global Network Pty Ltd (JJ Global), which was closely associated with Malaysian-based entity called JJ Global…
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Cyprus financial regulator CySEC, in apparent response to an increase in CIF license applications from FCA regulated firms, has issued a notice that any firm wishing to ensure its application has time to work its way through the system before a possible 'Hard Brexit' in March 2019 needs to have its paperwork completed and submitted…
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Women are participating in the workforce and gaining tertiary qualifications at a greater rate than ever before but many women lack confidence when it comes to money. Research by Australian regulator ASIC has found: 46% of women find money decisions overwhelming and stressful On average, women retire with half the super balance of men ($230,907…
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The Hong Kong Securities and Futures Commission (SFC) has just announced that it has banned Ms Cham Nga Yin from re-entering the industry for life for misappropriation of clients’ money. Cham was a former licensed representative of Tanrich Futures Limited (Tanrich Futures), now known as Southwest Securities (HK) Futures Limited. The SFC found that Cham…
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CySEC licensed online trading platform Libertex has announced that it has added 11 new contracts for difference (CFDs). Now one can trade major exchange-traded funds (ETF) and the dollar index USDX using Libertex's trading platform. The contracts for the following ETFs are available in Libertex: SPDR S&P 500 ETF Trust iShares Latin America 40 ETF…
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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 Options Tech Limited. Options Tech Limited is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
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