cysec cif licence suspension
November 23, 2017 BY Valentina Kirilova

CySEC to suspend its Fast Track Examination CIF licensing scheme

The Cyprus Securities and Exchange Commission (CySEC) has just informed that it decided to suspend the ‘fast track’ examination scheme (the ‘Scheme’) for the assessment of applications for granting a Cyprus Investment Firm authorisation in accordance with Section 21 of the Investment Services and Activities and Regulated Markets Law of 2007 (Law 144(I)/2007). The CySEC…

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sfc bans
November 23, 2017 BY Valentina Kirilova

Hong Kong SFC fines a former account executive of Fulbright Securities Ltd and bans him for life

The Securities and Futures Commission (SFC) has banned Mr Danny Fung Kwong Shing, a former account executive of Fulbright Securities Limited (Fulbright Securities), from re-entering the industry for life and fined him $542,071. The disciplinary action follows an SFC investigation which found that between January 2013 and May 2014, Fung had: conducted 772 unauthorized transactions…

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Cryptocurrencies and real estate now added to Swissquote's Robo-Advisor
November 23, 2017 BY Valentina Kirilova

Swissquote launches first actively managed Bitcoin Certificate traded on SIX Swiss Exchange

Gland, Switzerland based online banking and brokerage leader Swissquote Group Holding SA (SWX:SQN) announced that it has today launched the first actively managed Bitcoin certificate. It allows mainstream investors to participate in the cryptocurrency’s boom through a traditional financial vehicle publicly traded on the SIX Swiss Exchange. By buying Bitcoins certificates at a regulated exchange,…

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November 23, 2017 BY Valentina Kirilova

Dubai and Australia seal agreement on fintech cooperation

The Dubai Financial Services Authority (DFSA) and ASIC today signed a Cooperation Agreement which provides a framework for cooperation to support and understand financial innovation in each jurisdiction. The DFSA regulates the Dubai International Financial Centre (DIFC). Dubai has recently set up a number of initiatives aimed at encouraging fintech innovation, including the 'FinTech Hive'…

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November 23, 2017 BY Valentina Kirilova

Bitstamp partners with Masterpayment for cryptocurrency purchases

Bitstamp, a global digital currency exchange, today announced Masterpayment, an independent payment processor, specializing in the requirements of the new cryptocurrency markets, as its new partner for credit card processing and acquiring of cryptocurrency purchases. This partnership will allow Bitstamp customers to enjoy faster and more convenient transactions, while maintaining the same high-caliber security. Masterpayment,…

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November 23, 2017 BY Mariela Naydenova

Morocco bans bitcoin

As with other countries going against bitcoin and the constant fluctuation in opinion from whether it is a valuable or fraudulent asset, Morocco is the next country to be questionable about the nature of bitcoin. Thus, the currency regulator in the country banned transactions involving bitcoin and other cryptocurrencies, as there are serious concerns over…

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FXMM magazine closing
November 22, 2017 BY LeapRate Staff

Forex trading industry B2B magazine and website FX-MM to shut

Once popular FX industry magazine FX-MM, which you can still find today on the lobby coffee table of many Forex sector companies, has announced its intention to shut down among increased competition in the sector. FX-MM is owned by Russell Publishing, which runs a number of B2B titles in different industries including railway technology, airports, and…

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