forex industry news update
December 17, 2017 BY LeapRate Staff

FX Industry Week Review: Blockchain based social trading, Betfred live with EU CFDs, Electroneum launch, and lots more…

Which platform provider and Far East broker are collaborating on a new Blockchain based social trading service? Where did online gaming giant Betfred launch EU-licensed CFD trading via its new TradeFred brand? Which FCA regulated broker raised leverage on major FX pairs trading to 200x? Answers to these questions and more appeared exclusively or first…

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BCSC warning
December 17, 2017 BY LeapRate Staff

Canadian regulator BCSC warns against bitcoin broker USI-TECH

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 bitcoin and Forex broker USI-TECH Limited (USI), operating from website usitech-int.com. USI-TECH Limited (USI) claims to be an online Forex and Bitcoin trading platform…

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December 16, 2017 BY Mariela Naydenova

The first ever house to be sold entirely for Bitcoin

As many countries and businesses have used blockchain and bitcoin to improve the economy of their own, the real estate market is taking full advantage of what seems to be the most popular topic and currency of the year: Bitcoin. Mirror, a UK online newspaper, confirmed that a four-bedroom home in Essex is the first…

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fca warning
December 15, 2017 BY Valentina Kirilova

FCA warns against Giant Global Markets Limited firm

UK 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 Giant Global Markets Limited. Giant Global Markets Limited is not authorised by the FCA but has been targeting people in the UK and is also carrying…

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ASEAN Exchanges
December 15, 2017 BY Valentina Kirilova

Bursa Malaysia introduces new trading features to enhance flexibility in trading strategies

Bursa Malaysia Securities Berhad (“Bursa Malaysia” or “the Exchange”) has introduced new trading features, providing alternatives for market participants to efficiently execute a greater variety of trading strategies. The new and enhanced trading features are: Good-Till-Cancel – a new order validity that remains in the order book until it expires after 30 calendar days, or…

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December 15, 2017 BY Valentina Kirilova

Monetary Authority of Singapore helps individuals manage unsecured debts

The Monetary Authority of Singapore (MAS) announced today a new measure to help borrowers avoid accumulating excessive unsecured debts. The Credit Limit Management Measure will cap the additional unsecured credit that a financial institution (FI) may extend to a borrower whose outstanding unsecured debts exceed six times his monthly income. This measure will take effect…

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Moment of Truth: ESMA now requires the online publication of RTS27 and RTS28 reports
December 15, 2017 BY Valentina Kirilova

ESMA consults on draft RTS for prospectuses

The European Securities and Markets Authority (ESMA) today launched a consultation on draft Regulatory Technical Standards (RTS) under the new Prospectus Regulation (Regulation (EU) 2017/1129). These RTSs set out a number of requirements concerning the following topics: The key financial information that should appear in the summary of the prospectus; Data and machine readability of…

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bank of russia
December 15, 2017 BY Valentina Kirilova

Bank Of Russia accredits NSD's Valuation Center

After considering a request to assess the quality of NSD's Valuation Center’s performance when determining the value of ruble-denominated bonds, the Bank of Russia, guided by the criteria specified in the Bank of Russia's information letter of 29 March, 2013 No. IN-06-51/15 “On the Assessing of Valuation Centers’ Quality of Functioning”, has acknowledged the quality…

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CySEC fine
December 15, 2017 BY Valentina Kirilova

CySEC fines CIF licensed Centralspot Trading Ltd €50.000

The Board of the Cyprus Securities and Exchange Commission (CySEC) announced that it has decided to impose a total administrative fine of €50,000 to CIF Centralspot Trading Ltd for non-compliance with: Section 28(1) of the Investment Services and Activities and Regulated Markets Law of 2007, as amended from time to time (‘the Law’), as it…

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