Goldman Sachs has just announced that it will be launching a new cryptocurrency called Circle USD Coin. In fact, Circle is a startup invested in by Goldman Sachs. The idea behind the new digital asset is to revolutionise how people transact on a daily basis. For example, while bitcoin was thought to be of transactional…
Read moreThe UK Financial Conduct Authority (FCA) has put out details of the cloned firm Monevo Loans. 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…
Read moreUK 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 Revolution Variable Systems. Revolution Variable Systems is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
Read moreThe Financial Markets Authority (FMA) announced that it has just published its fourth statistical report on Authorised Financial Advisers (AFAs) in New Zealand. The FMA requires AFAs to submit an annual information return each year. The report uses the data from that questionnaire to provide a snapshot of the sector for the 12-month period ending…
Read moreBME Clearing, the Central Counterparty (CCP) operated by BME, will expand its product range to offer gas natural contracts as of 24th May. The contracts that will be added to BME Clearing are day-ahead (daily contracts) and the whole range of natural gas futures (with weekly, monthly, quarterly, seasonal and annual maturities). These contracts will…
Read moreCryptocurrency ecosystem BCause LLC today announced that the firm has engaged ASGARD Partners & Co. as its exclusive Capital Markets Advisor for a Series B capital raise of $25 million in equity. After launching its cryptocurrency mining facility in February, BCause is in the process of establishing a spot market and, pending regulatory approval, a derivatives…
Read moreMTS, Russia’s telecommunications operator, Sberbank CIB, Sberbank’s corporate investment business, and National Settlement Depository (NSD), Russia’s central securities depository, announced that for the first time in Russia have placed commercial bonds denominated in rubles and based on blockchain with the full life cycle of a security in the form of a set of smart contracts…
Read moreThe Securities and Futures Commission (SFC) today published the latest issue of its SFC Compliance Bulletin: Intermediaries to highlight its concerns when it considers licensing applications and provide an update on the implementation of the Manager-In-Charge (MIC) regime. Case studies illustrate the SFC’s regulatory focus and areas of concern which could result in the refusal…
Read moreAustralian regulator ASIC announced that it has cancelled the Australian financial services (AFS) license of Wealth & Risk Management Pty Ltd (WRM). On 9 February 2018, the Federal Court of Australia, in the matter of ASIC v Wealth & Risk Management Pty Ltd (No 2) [2018] FCA 59, found that WRM breached numerous financial services…
Read moreForex and cryptocurrency technology company Match-Trade Technologies LLC, headquartered in Irvine, California, has announced latest developments regarding its Coinmatch platform, cryptocurrency exchange platform. Six companies have licensed the Coinmatch platform since its release in January 2018, among them: Desto.io from Malaysia, Singularity-X from Lithuania and Vipocoinex from Malta. According to Peter Vrabel, CEO of Singularity-X:…
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