Cyprus financial regulator CySEC has issued a circular highlighting the changes which will take effect come January 2018 in how CySEC-regulated brokers can passport their CIF license to other EU countries. Cyprus based CIF license holders, and in particular Retail FX and CFD brokers, rely on passporting to allow them to do everything from take…
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Online payment giant PayPal announced that continues the journey to bring PayPal to more customers across contexts by integrating with the Nintendo Switch™ console- enabling gamers to use PayPal to make purchases from Nintendo eShop. Consumers around the world can use PayPal to make purchases with their Nintendo eShop accounts directly from their Nintendo Switch. Additionally,…
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Warsaw based X Trade Brokers Dom Maklerski SA (WSE:XTB), which operates Retail Forex broker XTB.com as well as the X Open Hub trading platform, has announced its financial results for the first half of 2017. The company has already issued last month preliminary Q2 results indicating improved performance for the company over what was a very slow…
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The Eastern Magistrates’ Court today convicted Fonia Kwok Lai Kwan of carrying on a business in asset management trading under the name of Finamics Capital Management (Finamics) and Lawrence Ho Man Chung of performing a regulated function in relation to the asset management of Finamics without licences from the Hong Kong Securities and Futures Commission…
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Forex and CFD provider AvaTrade just announced that has added to its portfolio the newest cryptocurrency, Bitcoin Cash. This brings the number of cryptocurrencies AvaTrade offers to 7, adding it to Bitcoin, Ethereum, Ethereum classic, Dash, Ripple and Litecoin. The new trading instrument, Bitcoin Cash, will be traded under the symbol BCHUSD. Since its formation…
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ASIC has today outlined its approach and broader vision for working with small business with the launch of its Small Business Strategy 2017-2020. Speaking at the National Small Business Summit in Melbourne, ASIC Commissioner John Price said: ASIC's Small Business Strategy has been developed to explain the work we are doing to support small business.…
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Online gaming and financial trading systems giant Playtech PLC (LON:PTEC) just announced its results for the six months ended 30 June 2017, together with a trading update for the period to 22 August 2017. Before getting to the macro details, Playtech's financials provided quite a lot on insight into how its Financials division is doing,…
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Payments services company Paysafe Group Plc (LON:PAYS) announced today that it has completed the previously announced acquisition of substantially all the assets of Delta Card Services Inc., the holding company for Merchants’ Choice Payment Solutions (MCPS), a payment processor based in the Houston suburb of Shenandoah, Texas. Todd Linden, MCPS CEO, will join Paysafe as…
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Along with the Bitcoin Cash addition, global forex broker Admiral Markets has announced that CFDs on Bitcoin and Ether are now enabled for short selling. Sell stop and sell limit orders are now also available. Traders with an Admiral.Markets account will now have the opportunity to capitalise either on trends and corrections of the world's two most…
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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 firm Bembridge Assurance. Bembridge Assurance is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which…
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