Non-profit organization the Internet Watch Foundation (IWF) has teamed up with blockchain start-up Elliptic to combat the use of bitcoin to buy child sex abuse images online. Bitcoin is a cryptocurrency, which due to the anonymity it affords buyers, is often used for online unlawful purchases – anything from illegal drugs to child pornography. Elliptic…
Read moreCME Group (CME) is set to use the official Moscow Exchange (MOEX) reference rate for Russian ruble contracts come Sunday July 17th. Since 1998 after spot auction currency trading at the Moscow Interbank Currency Exchange (MICEX) was suspended, the Chicago Mercantile Exchange and EMTA (Emerging Market Traders Association) began publishing a Ruble/Dollar exchange rate. CME and EMTA established…
Read moreThe Financial Conduct Authority has extended Sue Lewis Chair of the Financial Services Consumer Panel for a further two and a half years, from 1 July. Most recently in the past, Sue Lewis was Head of Savings and Investments at the Treasury, with responsibility for advising Ministers across a broad range of retail financial services…
Read moreMany forex brokers have raised minimum margin requirements allowing less leverage in client trading leading up to the Brexit vote. So did Saxo Bank. Now, few weeks later after Saxo Bank, as of 14:00 BST on 6 July 2016, reinstates default margin rates, given that market conditions have stabilised after the uncertainty posed by the UK's referendum…
Read moreCyprus regulator CySEC celebrated its 20th anniversary yesterday with a special event held at the Presidential Palace in Nicosia. The event was attended and addressed by the President of the Republic, Mr. Nicos Anastasiades, the Minister of Finance, Mr. Harris Georgiades, and the Chair of the European Securities and Markets Authority (ESMA), Mr. Steven Maijoor, within the…
Read moreJapan’s government bond yields sank below zero for the first time ever which caused a yield drop as low as 0.015%. In the first days after Brexit, the yen was often the initial choice for investors, even more than the US dollar. Global markets reacted expeditiously after two British asset managers blocked investors from pulling…
Read moreItaly’s financial markets regulator Consob today issued a public warning against binary options broker Boss Capital. The company is offering its services via bosscapital.com, with the website having a version in Italian language too. Consob said that the company is also known as Cheshire Capital Ltd. The Italian regulator notes that Cheshire Capital Ltd is…
Read moreAs shares of Credit Suisse Group AG (VTX:CSGN) hit multi-year lows - dropping below CHF 10 in Swiss Exchange trading for the first time since early this century (their 2008 bank crisis lows were in the mid-20s) - IG Group Holdings plc (LON:IGG) market analyst Laurent Bakhtiari takes a look at what might be ahead for the…
Read moreHong Kong’s financial regulator the Securities and Futures Commission (SFC) has updated its Alert List, which features the names of businesses that are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong investors or claim to have an association with Hong Kong. Added to the SFC Alert List…
Read moreThe payment network for cross-border transactions Earthport plc (LON:EPO) has announced that its subsidiary, Baydonhill has re-launched as EarthportFX. EarthportFX will offer clients direct access to FX and payment services utilised by global banks and ecommerce businesses. The EarthportFX brand combines Baydonhill’s extensive currency expertise with Earthport’s industry-leading global network and payments technology. In a market…
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