Acquisition
December 14, 2021 BY Steffy Bogdanova

ZuluTrade acquired by Finvasia

Greece-headquartered social trading platform ZuluTrade has leveraged the potential of the trading community and algorithmic performance ranking in order to connect traders with investors. This acquisition fits well with Finvasia group’s multi-phase strategy in building an integrated fintech ecosystem for investors. Sarvjeet Singh Virk, Co-founder & Chief Managing Director , Finvasia Group, said: Since Finvasia…

Read more
December 14, 2021 BY Steffy Bogdanova

B2Broker expands European reach with CySEC regulated B2Prime

B2Broker Group of Companies CEO, Arthur Azizov, commented: We are delighted that B2Prime has secured CySEC approval. The licence gives us the scope to provide institutional grade liquidity to clients in over 30 countries. Meanwhile, our clients will be able to benefit from an enhanced level of protection, safe in the knowledge that they have…

Read more
December 14, 2021 BY Steffy Bogdanova

Weekly data: inflation and major central banks ahead

The current channel is narrow with $1,770 and $1,800 remaining in view as likely boundaries. The bias for gold based on fundamentals seems to be towards buying unless the Fed is very hawkish on Wednesday, but TA remains noncommittal. All three moving averages are above the price and momentum upon emergence from oversold (based on…

Read more
Nuvei
December 14, 2021 BY Steffy Bogdanova

Nuvei and Visa team up to release crypto-friendly debit cards

Nuvei’s Chair and CEO, Philip Fayer, commented: The branded Visa debit card is a huge asset to our partners and their users, enabling the immediate and seamless spending of crypto earnings,” he said, “With this program, Visa has played a vital role in expanding the crypto ecosystem by closing the gap between traditional finance and…

Read more
ASIC
December 14, 2021 BY Steffy Bogdanova

ASIC cancels Premier Wealth Management’s AFS licence

According to the Aussie regulator, the company also failed to ensure its representatives were adequately trained and competent. The company’s AFS licence will remain in effect for another 12 months so that its membership of the Australian Financial Complaints Authority is maintained and its obligation to hold professional indemnity insurance cover. Earlier in September, ASIC…

Read more
FCA fine
December 14, 2021 BY Steffy Bogdanova

NatWest gets a £264.8 million fine for AML compliance failures

Some of NatWest’s employees who handled these cash deposits shared their suspicions with the bank’s investigative staff but no action was taken. The warning signs included large amounts of Scottish bank notes deposited throughout England, as well as deposits of notes carrying a noticeable musty smell and individuals acting suspiciously when depositing the cash. Moreover,…

Read more
December 13, 2021 BY Steffy Bogdanova

BBVA Switzerland expands its crypto custody service with Ethereum

BBVA services stretch across Latin American countries, where investors have extensive interest in all kinds of digital assets, as well as in Europe and Turkey. The company noted in its official announcement that it plans to continue the expansion of its portfolio of digital assets in the coming months. The new BBVA service is currently…

Read more