FCA fine
October 21, 2022 BY Steffy Bogdanova

FCA fines Barclays £50 million for disclosure failures

Furthermore, the FCA pointed out that Certain Qatari entities were important investors in both of Barclays’s capital raisings at the time. The company entered into two advisory agreements with these entities, involving payments to one of the Qatari entities in the amount of £322 million over three and five years respectively. Barclays had disclosed that…

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October 21, 2022 BY Steffy Bogdanova

Binance secures crypto license in Cyprus

Under the new CASP license, Binance can offer crypto services such as pot, custodian, staking, and card services. The CySEC authorisation follows similar registrations in Europe for Binance including in France, Italy and Spain. The crypto exchange also expanded its presence in the Middle East with registrations in Abu Dhabi, Dubai, and Kazakhstan. Changpeng Zhao…

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October 21, 2022 BY Steffy Bogdanova

OANDA announces crypto trading service in US

OANDA explained that opening a Paxos account, funding and trading s all managed within the app so investors can access major cryptocurrencies such as Bitcoin, Ethereum and PAX Gold against the US dollar from the platform. Gavin Bambury, Chief Executive Officer of OANDA, said: As the number of Americans seeking exposure to cryptocurrencies grows, it's…

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N26 Crypto
October 21, 2022 BY Steffy Bogdanova

N26 introduces crypto trading product

Gilles BianRosa, the Chief Product Officer at N26, commented: The N26 banking experience has always been built around the customers’ needs, with features that make money management easy. With N26 Crypto, we have created a simple, intuitive product that integrates seamlessly into N26’s fully-regulated banking experience where one’s bank balance, savings, and investment portfolio sit…

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European stock market experiences positive change
October 20, 2022 BY Steffy Bogdanova

Daily market commentary: Uncertainty and scepticism linger as the short- to mid-term outlook remains blurry

This starts raising questions over stock/riskier assets exposure for professional investors, a situation that could drive benchmarks to new annual lows if fundamentals don’t show any sign of improvement. Technically speaking, most stock indices failed to clear their major resistance levels yesterday as buyers aren’t strong or numerous enough to keep control of stock markets…

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October 20, 2022 BY Steffy Bogdanova

CySEC initiates ICF compensation for Maxigrid clients

Under the ICF, clients of locally regulated financial services companies have protection from CySEC of up to €20,000, in case of the financial services company becomes bankrupt or is unable to return customer deposits. Maxigrid background The company ran its business from Cyprus after it secured a Cyprus Investment Firm (CIF) license in 2011. That…

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