Singapore teams up with Kenya on developing digital infrastructure LeapRate

July 19, 2019 BY Valentina Kirilova

Singapore teams up with Kenya on developing digital infrastructure

The Monetary Authority of Singapore (MAS) has announced that it has teamed up with the Central Bank of Kenya (CBK), signing a FinTech Cooperation Agreement to support digital infrastructure development in Kenya. The partnership aims to develop basic digital infrastructure services for Kenya, including identity, data and Know-Your-Customer utility, based on a set of common…

July 19, 2019 BY Valentina Kirilova

IOSCO issues statement on liquidity risk management recommendations for investment funds

The Board of the International Organization of Securities Commissions (IOSCO) has just published a statement on liquidity risk management recommendations for investment funds. The complete text of the statement reads as follows: Liquidity problems which have recently affected some investment funds have been the subject of extensive media coverage. The Bank of England published a…

ATFX UK to allow more deposit and withdrawal options via Trustly

July 19, 2019 BY Valentina Kirilova

ATFX launches new payment channel for deposits and withdrawals in Philippines

Forex and CFD broker ATFX has just announced that it has now opened a new online payment channel in the Philippines, making withdrawals and deposits easy and efficient. The new payment channel enables ATFX to connect with a variety of major banks such as BDO, Unionbank, and Maybank Online Banking, this means transactions are conducted…

July 19, 2019 BY Valentina Kirilova

Iran announces gold-backed crypto coin – Is a global crypto war imminent?

Although recent press reports may contend otherwise, not all central banks are opposed to the notion of cryptocurrencies. The World Economic Forum released a report back in April that revealed that there are several ongoing central bank led projects that involve blockchain technology in support of what is called a Central Bank Digital Currency (CBDC).…

July 19, 2019 BY Valentina Kirilova

Finance ministers from Germany and France join band of Libra skeptics

July has not been a good month for Facebook’s Project Libra. After riding a wave of favorable press attention in June after its major announcement, Libra has endured a week or two of scorn from global government officials and regulators, as it seems that nearly every critic has come out of the woodwork to cast…

July 18, 2019 BY Valentina Kirilova

Cathy Minter is R3's new Chief Revenue Office

Enterprise blockchain software firm, R3, has announced that it has added Cathy Minter to its team as its Chief Revenue Officer (CRO). Minter will be responsible for R3’s commercial activity and revenue generation. This will include growing the user-base for Corda Enterprise, the deployment of Corda tailored for enterprise use, and promoting the expanded use…

July 18, 2019 BY Valentina Kirilova

UK FCA warns against the clone firm Ralf Werner Tait Capital

It’s been quite a busy week for the UK Financial Conduct Authority (FCA), as it has already put out the details of four clone firms. The newest warning is from today and against the clone company Ralf Werner Tait Capital. Fraudsters are using the details of firms, authorised by the FCA, to try to convince…

July 18, 2019 BY Valentina Kirilova

Avelacom and Gemini to provide enhanced connectivity for crypto markets

Global connectivity and IT infrastructure provider for the financial services industry, Avelacom, announced that it has added Gemini Trust Company, LLC, a digital asset exchange and custodian, to its list of cryptocurrency exchange tech vendors in Equinix’s NY5 data center. Avelacom’s and Gemini's clients can now connect directly to the exchange’s infrastructure to access market…

July 18, 2019 BY Valentina Kirilova

YouTube adds Paysafe's online prepaid solution paysafecard

Payment systems provider Paysafe Group (LON:PAYS) announced that it has teamed up with the world’s biggest video streaming platform YouTube. LeapRate reminds that Paysafe and Google formed a partnership last year, when paysafecard was announced as a payment method across the Google Play store, in June 2018. Few months later, Google added the paysafecard payment…

July 18, 2019 BY Valentina Kirilova

Daily market commentary: Stocks are tumbling today in Europe

ActivTrades’ Market Analysts have prepared for LeapRate their daily commentary on traditional markets for July 18, 2019. See details below: FOREX The Greenback keeps losing ground against other major currencies and currently the Dollar Index is trading around the 96.7 level, down from a weeks’ high of 97.08. This performance falls within the general trend…