News sources in Israel, as well as certain blogs close to the Binary Options sector, are reporting that Israel's new Binary Options law has been challenged to the Israeli Supreme Court. The appeal has been brought by lawyers representing Yossi Herzog, the major shareholder in binary options group Yukom Communications Ltd which has operated a…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Lolly Loans PVT Ltd. 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…
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Russia's National Settlement Depository (NSD) has announced that it has closed the country's first transaction issuing commercial bonds based on blockchain technology. And apparently it was a large success, with increasing demand for more. The NSD stated that on December 22, a RUB 500 million (USD $9 million) commercial bond issue of MegaFon was paid…
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The following article was written by Adinah Brown, content manager at Leverate. The financial industry in Europe will see significant changes under MiFIDII, the second iteration of financial reforms that were originally implemented in 2007. The new directives have the aim of increasing transparency and accountability among financial companies by making requirements for reporting transactions more…
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Continuing its string of warnings against unregulated brokers and other scams targeting retail traders in Canada, Canadian securities regulator the British Columbia Securities Commission (BCSC) has added to its Investment Caution List unregulated offshore Binary Options broker LionsTradeFX, operating from website lionstradefx.com. On its website, LionsTradeFX calls itself "today’s leading digital options trading platform". However a…
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A number of news outlets in Israel have reported that the country's Ministry of Finance, in conjunction with the central Bank of Israel, are looking at creating a state-sponsored cryptocurrency. The reports cited anonymous government sources. According to the reports, the move is being looked at as part of an initiative to reduce dependency on…
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Your Weekly Trading Review by UFX.com – Sunday, December 24th, 2017 These major financial events set the tone for the past week. Let’s take a look at how they affected the global financial markets: Gold rose by +0.65%, ending at $1,278.80. Crude Oil rose by +0.19%, closing at $58.47 a barrel. The DOW fell by -0.11%, closing…
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Adding its voice to British Columbia regulator BCSC's recent warning against trading with USI-TECH, an online Bitcoin and Forex trading platform based in Dubai, the Manitoba Securities Commission (MSC) has added its voice in issuing a warning about the company. According to the MSC, USI-TECH is an Internet-based company billing itself as an ‘automated Bitcoin…
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In what is a usually quiet pre-Christmas-break week, Forex Industry News at LeapRate was anything but. ESMA's surprise move to cut maximum leverage allowed in CFD trading shook the industry, eliciting a lot of industry reaction, and hit hard the shares of publicly traded brokers including IG Group Holdings plc (LON:IGG), Plus500 Ltd (LON:PLUS), and CMC Markets…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Crypto Brain. 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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