Qiwi, the Russian e-payment provider is launching a cryptocurrency investment bank. The name of the bank will be HASH, as reported by Kommersant on June 29th. The bank will be founded by Qiwi Blockchain Technologies, which is a subsidiary of Qiwi. Qiwi is the leading provider of payment services in Russia and the CIS. The…
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Russia: Russia is moving forward with cryptocurrencies and their “legalization”. According to press, digital currencies in Russia will be categorized as “digital rights”. The new term will serve as differentiation to terms like “digital money” and “digital currency”. The whole change in name will be made mainly for tax purposes, as explained by Anatoly Aksakov,…
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Binance was recently the world’s largest cryptocurrency exchange in respect to volume traded. CoinMarketCap’s ranking of cryptocurrency exchanges recently changed to promote CoinEx as the largest exchange by traded volume. CoinEx is currently processing a trade volume of around $1.5 billion on a daily basis, while Binance handles around $ 1.3 billion. The third place…
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Dubai International Financial Centre (DIFC), the international financial hub in the Middle East, Africa and South Asia (MEASA) region, has announced that it has signed a Memorandum of Understanding (MoU) with Finance Innovation, France’s official innovation cluster for the financial industry, based in Paris. The collaboration will support the development of the FinTech ecosystem in…
Read moreUnder what new names (and website URLs) did ADS Securities and iForex each rebrand? And why? What warning did Australia regulator ASIC make to Forex and Binary Options brokers? Which well-known global Retail FX broker gave up its CySEC CIF license? And why? Which executives joined Stater Global Markets and ADSS? Answers to these questions…
Read moreBitcoin just dived under $6,000, its lowest level since the winter of 2017. The reason this time might be different than the reasons why Bitcoin was down several times before. Now, Bitcoin's low volume traded is the major reason why the price of the digital currency is going down. Many experts have predicted that the…
Read moreThe Hong Kong Securities and Futures Commission (SFC) has shared its support of the proposals in the Stock Exchange of Hong Kong Limited’s (Exchange) consultation paper published today relating to backdoor listings and shell activities. These proposals are part of a series of initiatives to address concerns about problematic corporate and market conduct and represent…
Read morePwC Hong Kong (PwC) has announced that it has entered into an investment agreement today with Vitargent International Holdings Limited, a pioneer in bio-testing technology for product safety. This is PwC's first proposed investment in the biotechnology and internet platform space, bringing together the strengths of PwC and Vitargent to address evolving challenges in food…
Read moreDeutsche Börse Cash Market has just announced that AKASOL AG (ISIN: DE000A2JNWZ9 ) was listed today in the Prime Standard of the Frankfurt Stock Exchange. The shares of the Darmstadt-based battery manufacturer started trading at €48.80 after an issue price of €48.50 Euro. This takes the current number of IPOs in Frankfurt since the beginning…
Read moreThe UK Financial Conduct Authority (FCA) has put out details of the cloned firm CFD Royal. 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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