Africa is the poorest populated continent in the world as of 2018, and foreign direct investments have been of primary importance to the African population for many decades now. Because of the high level of corruption, especially in Northern Africa, the idea of a domestic cryptocurrency has long been in discussion. Now, according to media,…
Read moreThe U.S. Commodity Futures Trading Commission (CFTC) announced that it has filed a civil enforcement action in the U.S. District Court for the Southern District of New York against Defendants Kevin P. Whylie of Mamaroneck, New York; Matthew James Zecchini of East Islip, New York; and Algointeractive Inc, a New York corporation owned and controlled by Whylie and Zecchini.…
Read moreThe very first blockchain ETF has been launched by First Trust Global Portfolios. According to press release, the First Trust Indxx Innovative Transaction and Process ETF is going to physically track what is called the Indxx Blockchain index. The Blockchain Index is currently investing in a variety of companies whose major investments come from the…
Read moreAsset backed cryptocurrency exchanged Vaultbank has announced that it has raised over $3 million in funding, reaching the soft cap for its VB token sale. VB tokens are currently being distributed to Vaultbank token sale backers. The company also announced the launch of the Vaultbank Fund, which provides the main asset-backing of each VB token and…
Read moreThe Board of the Cyprus Securities and Exchange Commission (CySEC) has informed the public that, at its meetings held on 25th September 2017 and 11th December 2017, decided to impose the following administrative fines for violations of the Transparency Requirements (Transferable Securities Admitted to Trading on a Regulated Market) Law of 2007, as amended (‘the…
Read moreTMX Group (TSX:X) has announced it has completed the sale of its entire 24.2% shareholding in FTSE TMX Global Debt Capital Markets Limited to FTSE International Limited. TMX Group's decision to enter into this transaction was made within the scope of the company's strategy to focus resources on growing core data and analytics businesses. Terms…
Read moreRegTek.Solutions, the global provider of regulatory reporting solutions, has announced the appointment of Ruwan Weerasekera to its Board of Directors. Weerasekera's regulatory experience in financial markets spans more than 25 years. He is currently a Senior Independent Non-Executive Director for ICBC Standard Bank Plc, where he Chairs the Remuneration Committee, and sits on the Board…
Read moreWe had reported back in February that Retail FX and CFDs broker FXTM has received a license from the FCA for a new UK-based subsidiary Forextime UK Limited, and was launching a London-based operation. Why add the FCA license to a broker already licensed in several jurisdictions, including the EU (Cyprus)? We're pleased to present…
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 London Loan Bank. London Loan Bank is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
Read moreThe securities, banking and insurance sectors in the European Union (EU) face multiple risks, the Joint Committee of the European Supervisory Authorities (ESAs) latest report shows. The ESA report for the second half of 2017 outlines the following risks as potential sources of instability: sudden repricing of risk premia as witnessed by the recent spike…
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