The Financial Markets Authority of France (AMF) just announced that it had approved its very first ICO in the country. The recipient who got the AMF "ICO visa" (a special crypto fundraising platform names French-ICO) was the one to meet the minimum guarantees that are demanded by local law. One of the "winning" elements were…
Read more
The WFE (the World Federation of Exchanges), the global industry group for exchanges and central counterparties called CCPs, has recently given a response to MAS, the Monetary Authority of Singapore's Consultation Paper on Proposed Regulatory Approach for Derivatives Contracts on Payment Tokens or so crypto assets. The response given by WFE stresses the significance of the role…
Read more
The global FX market is to be disrupted and improved by major blockchain leaders. Finteum and Fnality have announced that they are partnering to create interoperability between Fnalty's USC Ethereum-based solution (Utility Settlement Coin) and Finteum's application (the app is built on R3's platform Corda). The interoperability creation will focus on intraday FX swaps executed…
Read more
Torstone Technology, a provider of post-trade securities and derivatives processing technology, has announced earlier this week a number of senior hires and the expansion of its Hong Kong office. Several senior appointments have been made across Professional Services, Client Support and Sales function. Simon Tang joins Torstone as the Head of Professional Services APJ. LeapRate…
Read more
Fintech software provider of financial solutions TechFinancials Inc (LON:TECH) announced earlier this month that it is about to cancel the admission of the Ordinary Shares to trading on AIM and remain listed only on NEX. TechFinancials has taken the decision to make substantial adjustments to its operating structure and cost base while seeking to develop its newer…
Read more
ActivTrades’ Market Analysts have prepared for LeapRate their daily commentary on traditional markets for December 20, 2019. This is not a trading advice. See details below: FOREX Despite some gains during early Friday trading, the Pound is on course for the worst week in 2 years, having lost almost 2.5% to the US Dollar. Sterling…
Read more
The European Securities and Markets Authority (ESMA) recently conducted a peer review of compliance by the national oversight authorities of thirty member states with new rules regarding suspicious transaction detection and reporting. These rules have been in force since 2017. Eight member organizations were rated as “Partially Compliant”, its lowest category. CySEC, which has spent…
Read more
The European market has witnessed a great deal of growth and change over the past decade in the area of merchant services and mobile payment apps. A new report from AEVI, a German-based company that enables better cooperation among banks, acquirers, and merchants, states that the industry has matured to the extent that 2020 may…
Read more
The President of Iran has proposed that Muslim countries adopt a cryptocurrency. President Hassan Rouhani commented that the domination of the US dollar has allowed economic sanctions to basically weaken economies. Thus, an action must be taken to neutralize this negative effect of the USD. The President of Iran has expressed his wish for a cryptocurrency…
Read more
The CEO of Coinbase, Brian Armstrong, has recently won a patent from the US Patents and Trademark Office for a unique technology that allows the owner of the patent to send bitcoin to email addresses. The patent was granted on December 17th, after being filed two four years ago - on March 17th, 2015. What…
Read more